Usacomplaints.com » Traveling & Tourism » Complaint / Review: ILX Resorts - Insider trading - sec violations - pump and dump. #248469

Complaint / Review
ILX Resorts
Insider trading - sec violations - pump and dump

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).


Offender: ILX Resorts

Country: USA   State: Arizona   City: Phoenix
Address: 160 Portal Lane, Sedona, AZ 86336
Phone: 9282821777

Category: Traveling & Tourism

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