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  • Report:  #278035

Complaint Review: ILX Resorts

ILX Resorts INSIDER TRADING - SEC VIOLATIONS - PUMP AND DUMP Phoenix Arizona

  • Reported By:
    — Seattle Washington
  • Submitted:
    Tue, October 09, 2007
  • Updated:
    Tue, October 09, 2007
  • ILX Resorts
    160 Portal Lane, Sedona, AZ 86336
    Phoenix, Arizona
    U.S.A.
  • Phone:
    928-282-1777
  • Category:
    Tourist Attractions

I am a new investor. They are in hock up to their aXX. (They have 20x as much debt as cash AND their debt even exceeds their entire market cap.)They are crooks -- they issued a bunch of shares to their friends at $4.00 a share when the market price was double that. I finally gave up and sold my small stake --time to move on... I notified the SEC and they are on their "Watch List".

The insiders have milked most of the cash out of the company in high salaries, dividends and "Executive Perks" and when they file BK there will be nothing to pay their creditors (suckers).



Jim
Seattle, Washington
U.S.A.
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