Intellipharmaceutics International Inc. (IPCI)

[AngeloFoca]

Well... no stock has been PUT to me yet from the 447 July 2015 $7.50 PUTS I sold... but I know that on Monday morning there will be 44,700 shares of IPCI in my account (they take out $335,250 of cash out).

I don't know how it works on the other end - let's assume it's one individual... does he have the stock and it gets pulled away from him??? does he automatically go short??? does he have to buy 44,700 shares??? I really have no idea what happens on the other end.

Anyway... my average sale was $5.60 - so it's like paying $1.90 for the stock. $3.71 - 1.90 = $1.81 x 44,700 = $80,907 profit (all paper profit of course) - nice little bundle... but peanuts compared to what I expect it to make me going forward.

3 to 5 years - I expect it to be worth over $2 Million.