After an excellent conference call, it is disappointing to see Ili test new lows. Is there any life with company and are we facing delisting at these levels? The best sign to me is that our favorite shorter has returned which portends upward moves.
With no volume at .27 does anyone have any hope. Looking for intelligent responses not just bashings.
Pyxis Innovations owned 6,884,057 shares on 6-11-08. Their last purchase of 2,750,037 shares on 8-17-06 was at $5.678. To my knowledge they have not sold any of their stock. Pyxis is a subsidary of Alticor (Amway - which is DeVos and VanAndel.) These families are from Grand Rapids, Michigan and extremely dedicated to the health fields. Then take a look at the insider buying. In my opinion this stock is RIDICULOUSLY CHEAP and safer than any company listed on the Dow.
Still alive for at least another year. Based on the cash on the balance sheet (on yahoo, not sure how up to date that is) and the cash burn. I think they still have a credit line in addition to that. If they can suvive long enough to start making a profit, this could turn around big (but thats a big IF).
Many thanks for your comments. Don't see how it can get much worse... trading @0.13 and facing delisting. Incredible to me that a company as powerful and successful as Alticor could let this happen. Yet, that's the major reason I think Ili could still make it. Here's to a good '09 year and a good year for Ili for all the survivors.