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Interleukin Genetics, Inc. Message Board

  • skibum1985 skibum1985 Jul 13, 2013 9:53 AM Flag

    Latest filing

    Can anyone shed any light on latest filing and what it means. Is this the stage setting for a reverse split?

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    • I am not happy about this split and would like the board to reconsider and answer the question of how did the 0.27cents come up with the new investors? Was their independent audit firm that came to this amount based upon current products and expected revenue with the PST? Since the ILIU stock is so thinly traded it would be difficult to come up with a real market value.
      2) The reverse split? I disagree with this approach, yet understand the board's view of they need institutional investors and more buyers who can actually buy the stock. If ILIU knows approx what the potential revenue to the company will be with Delta Dental. That should be communicated along with an independent auditor who would say the stock price based on this revenue has a future valuation of blank amount. This would let the stock appreciate organically, yet a bit slower. I would prefer this approach versus dilution of the stock price. Institutional managers will have their radar up about the reverse split and I believe would rather see organic growth. Take a look at Swank, Inc "Snki.PK", they were bought out at $10 a share and never did a reverse split after being on the pink sheets and traded in the cents for a long time. They hired and independent firm to value the stock and were patient until a buyout came. I would like ILIU to do the same

      Sentiment: Hold

    • Of course this is setting for a reverse split (and thank God for it). We've been discussing this for over a month even commented on it back on June 10th. Why are you bringing this old topic up again?

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