Ilustrato Pictures International Inc (OTCMKTS: ILUS) has seen interesting price behavior over the last several months. After the company’s stock skyrocketed in mid-2021, reaching the height of $0.46 on November 1st, 2021, the price started spiraling down throughout 2022. The price may have finally reached its bottom in March 2023, but the drop continued over the last six months despite numerous good developments for the company.

The drop was interrupted in November last year when the ILUS price went from $0.072 to $0.10 in only five days. After that, however, it returned to its downfall. It seemingly found strong support back at $0.07 as of December 12th, 2022, and from there, it has made several attempts at growth and recovery. By December 21st, it climbed up to $0.08, only to drop back to its support once more and end the year just above $0.07. Then, in mid-January 2023, the price started growing sharply once again, moving up to $0.085. However, this level — while briefly breached on January 27th, ended up being a strong resistance which already rejected the price once before, on December 6th. Just like that, it caused the ILUS price to drop sharply immediately after touching it, resulting in the share’s sudden drop to $0.056 by February 2nd. The price then recovered slightly, only to encounter a new resistance at $0.065, and after that, the price started going down once more.

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This time, however, it did not go down in a sharp crash, rather, it kept dropping continuously throughout February and the first half of March. Finally, on March 15th, the price seemingly reached its bottom at $0.040. From there, it attempted to grow back up several times, the most recent of which was in the final days of the last month, even managing to come close to $0.050 along the way. At the time of writing, however, it is back at $0.045.

Ilustrato Pictures International Inc (OTCMKTS: ILUS) has had a number of positive developments over the course of its history, including in the last several months. For example, on December 13th, reports emerged stating that ILUS managed to complete another fire safety acquisition. The company’s focus has always been on acquiring and growing public safety and industrial companies around the world. In order to take the next step toward achieving that, it signed a Share Purchase Agreement to acquire 51% control of Al Shola Al Modea Safety and Security LLC — an established and profitable fire safety firm registered in the UAE. Following that, on December 20th, reports noted that ILUS confirmed its Form 10 effectiveness and SEC reporting status. The Form 10 registration statement was actually filed earlier that year, in October 2022. As of December 19th, Form 10 came into effect.

Then, in January 2023, the company revealed its entry into a Material Definitive Agreement (form 8-K). More precisely, the company revealed that its subsidiary, Quality Industrial Corp, entered into a definitive Stock Purchase Agreement with the shareholders of Petro Line FZ-LLC — another UAE company, to purchase 51% of the outstanding shares. The purchase price was $1,530,000, paid in cash in three tranches. Then, in late January, the company had a shareholder meeting in Miami, where it summarized its performance in 2022 and outlined the roadmap for 2023. Some of its key highlights in 2022 included the completion of 2020 and 2021 audits, the mentioned filing of Form 10, and a 450% growth in revenue compared to 2021, among others.

Other notable achievements in 2023 so far include the confirmation of the incorporation of ILUS’ defense subsidiary, Hyperion Defense Solutions, and a confirmation that it managed to secure another $5.5 million in funding, which will be used to reach an agreement in principle with Discover Growth Fund LLC to settle their note of $2 million.

$ILUS Confirms Further Funding Arrangements and Note Settlement https://t.co/lfvNEXv4T6

— ILUS International Inc (@ILUS_INTL) March 31, 2023

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ILUS CEO, Nick Link, said:

Last year, RB Capital provided $5.7 million to our group which assisted in our expansion to nearly $80 million in annual revenue. Although such funding does require the free issue of shares, we have in general seen significant overall value from this. While we appreciate that Shareholders don’t like to see new shares being issued, it is important that companies such as ours can access capital for growth. We are entering what could be an aggressive recession and it is vital that we have working capital on hand as well as reliable access to capital to complete acquisitions. From our experience, RB Capital has been fully supportive of our business, have not been found to sell aggressively in the past and we believe they have responsibly managed their stock sales in the market. RB Capital’s funding and approach supported the solid growth of our group in 2022 and we expect the same in 2023.

Ilustrato Pictures International Inc (OTCMKTS: ILUS) is a mergers and acquisitions firm focused on acquiring and growing companies in the public safety, defense, industrial, and renewable sectors. It operates out of New York, London, and Dubai. The company’s vision has changed over the years to follow the needs of the technology and manufacturing sectors in which it has been involved in. Primarily, its focus is on innovative emergency services, life safety, and other related technologies, including electric utility vehicles, response vehicles, specialist vehicle conversions, wearable tech, related software solutions, and more. It has a proven track record of acquiring carefully selected businesses that fit its vision while possessing innovative and disruptive technologies.

Ilustrato Pictures International Inc (OTCMKTS: ILUS) has seen a negative performance of its price ever since 2021, but if the price has truly found a bottom, then it has nowhere else to go but up. The firm has seen several important, positive developments lately, some of the biggest of which were mentioned earlier, but so far, their impact on the price of ILUS has been fairly minimal. Still, the company is making progress, it is making good business decisions, and it has an excellent reputation. We will be updating on ILUS when more details emerge so make sure you are subscribed to Microcapdaily so you know what’s going on with ILUS.

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Image by Valentin from Pixabay

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