"Intellect is in operation even if its way to quite.You Got a acting CEO/CFO and another director and major holders.I think it would be better to get a cash infusion 5 to 10 million and continue operations and moving the pipeline ahead then sale."
There is one part-time employee in total, being CFO (Maza) who happens to also be an attorney. "INTELLECT" is in operation, in a legal sense. There is no new business, and it's unlikely that ILNS is paying to support ongoing research, so those licensing deals are in jeopardy. The other Director is an independent Director that sits solely on the BOD, presumably representing common shareholders. Of the "major shareholders": One David Blech is cooling his heels in Club-Fed busted and broke (in part for fraudulently pumping ILNS with bogus matched trades--artificially raising the share price), and the other is unfortunately his seemingly gullible wife, Marjorie Chassman (who was also indited).
No one is sinking money into this virtually kaput company, other than a few pennystock speculators rolling the dice.
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