Anyone know why ILNS.OB didn't trade today (May 5th)???

[cubswon2]

I Googled and searched all over but I have zero clue why ILNS didn't trade at all today. Does that mean bad news is going to be released tomorrow?? I have a lot of shares in this stock

 

[pboyles]

Isnt that a restricted stock, I believe thats what the OB suffix means. Can I ask how you came to own stock in this company, was it a cold call from someone, if so you may well have been scammed. See the attached SEC warning about microcap stock fraud

http://www.sec.gov/investor/pubs/microcapstock.htm

 

[cubswon2]

It's an OTC BB traded stock. I bought the shares through Scottrade. I just did research on it. It's a legit company.

 

[pboyles]

Its legit as far as being registered etc however that doesnt mean that it couldnt be part of a pump and dump scam. I cant find any data for yesterday and I can only get data going back 5 days. I did notice there is very little volume so chances are that it could move very quickly if someone tries to sell.

Can I ask how you chose this stock, was it based on some marketing you recieved.

 

[pboyles]

See attached, their independent directors resigned because there was no money to pay them. Good luck with your shares

http://investorvillage.com/mbthread...1&nmValue=401875&sync=1&tid=8581387&showall=1