Intellipharmaceutics International Inc. (IPCI)

[fabius]

A clarification on First Foundation Advisors holdings

the data showing a 481'774 shares position (1.58% of IPCI) are referred to 30th of June, therefore BEFORE our AdComm débâcle.

Could well be that they now have 0% or 3%, but for sure we don't know, and in light of this timing I find it very unlikely that they were hired for some kind of strategic advisory.

I can surely be wrong in case they have been involved for something related to a partnership, but honestly they don't seem to be a business to business facilitator.

Happy to be wrong, but I believe they are not our hope for a stragic reshape.

JMHO