No news, yet a powerful day for Intelligent Living Corp.(OTC:ILVC). Just one more peculiar fact in the trading history of this enterprise. This time, the surprise was a positive 50%, but the stock still gravitates in sub-penny levels. 
So, more than 26 million shares exchanging hands, making up for 48% increase in the stock price, the session closing at $0.0036 per share. Now, the interesting part comes after a second look at the stock performance not only yesterday, but throughout the last few months. And a question comes to mind – if a stock sees a trading activity of 1000 shares one day, and 26 million shortly after, what could be the possible catalyst to inspire such a hype? It is not a promotion, neither a press release. Nothing out their that could be attributed to what happened yesterday. A fact that should not go overlooked, as it does nothing to decrease the overall uncertainty that surrounds Intelligent Living.
Actually, in terms of increase, this 48% is not a major achievement. It is very often for this stock to jump or slump at such rates. For the trading activity yesterday, however, there is one more factor to consider – short selling. This Thursday, short sellers were responsible for more than 1/3 of the total trading volume for the day.
As for the balance sheets – this is another peculiar point of the company. According to the latest 10-Q with an end date Feb 28th this year, the company had: [BANNER]
- $4.9k in cash
- $117k in total current assets;
- $1.8 million in total current liabilities;
- $14.4 million in accumulated deficit;
- $61k in revenues;
- $108k in net loss;
Now, not the best looking balance sheet out there, but after all it belongs to a sub-penny level stock. Whether a reverse is possible or ILVC would remain on the watch list of shorters is yet to see.
