Leonite Capital(Avi Gellar/Avi Minkowitz) is ILST daddy. Everything that is done with this company is decided by them. We still have yet to even see the interim-CEO Nocham Greenberg be replaced and its been almost 2 years.
The loan that Leonite Fund 1 gave to ILST can be converted into common shares at .005 and an additional 62,500,000 shares in warrants will be given to them if the stock price reaches .005(usually for a set period of time). So, lets say they sell those converted shares at .0025- they lose half their loan amount. So their target to sell is anything above .005.
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