Intellipharmaceutics International Inc. (IPCI)

[ahasja]

I also would like to know, where Odidi said, that he would take 12$ per share for his company.

About the buyout rumor: You never know. I just remembered, that Odidi said the following about his story with IPCI:

"We had always wanted to make Intellipharmaceutics public and even had applications made for the listing. But then the opportunity to reverse takeover a public company came up and we took it. Of course, that meant dilution of our holdings and going into partnership/ownership with others; but it was for the better. It is better to own a chunk of a big company rather than whole of a small company. One per cent share in a billion dollar company is better than 100 per cent of a million dollar company. This is one thing entrepreneurs should understand!"

Putting this on a possible buyout, it could also happen, that Odidi will exchange IPCI for shares of another company. It is telling, that the rumour also stated, that if the Odidis sell, they would continue to be directors for 5 years. So they could make IPCI a success story, as they wanted, and still be completly save on the financial side. Hopefully we will know more next week.