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  • Report:  #278035

Complaint Review: ILX Resorts - Phoenix Arizona

Reported By:
- Seattle, Washington,
Submitted:
Updated:

ILX Resorts
160 Portal Lane, Sedona, AZ 86336 Phoenix, 86016 Arizona, U.S.A.
Phone:
928-282-1777
Web:
N/A
Categories:
Tell us has your experience with this business or person been good? What's this?


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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