Replies to post #91 on Intellect Neurosciences Inc. (fka ILNS)

[wEaReLeGiOn]

It doesn't sound as though they're even interested


in continuing operations. No mention of raising cash in the equity market (selling shares) or seeking venture capital, even from lenders of last resort.

So, what could happen? If this patent has any worth, then perhaps the principals are looking to close the company, render it a shell, and then assign the patent rights to themselves in lieu of back-wages perhaps, hoping for a pay-off down the road.

Perhaps they've come to the realization of what a long-shot this truly is, and said "the hell with it".

Any equity placement would wipe out current shareholders, so I'm afraid to announce that the proverbial Fat Lady appears to have entered the stage, and the aria will commence forthwith :)


Look at the 8K posted above...The scary part "The Company anticipates that its existing capital resources will not enable it to continue operations past the end of January 2010. If the Company fails to raise additional capital prior to early February 2010, it will be forced to cease operations."

[fira]

Thanks, Zilla. I closed out half my position and will decide what to do with the rest after the weekend.

[Zilla]

And the 100k shares under .05 :)