Intellipharmaceutics International Inc. (IPCI)

[no2koolaid]

A thoughtful, if not compelling argument for the longer, much longer term. If I might offer a couple of observations and in no particular order of importance...

With such a long horizon, why buy shares now when, given the small volume and long runway, it is the future that portends true, financial success for committed shareholders? I would not characterize a firm with a five year horizon as an explosive powder keg. Does that not suggest cognitive dissonance?

As to the CEOs perspective on a buyout and their focus for the future...you must realize that is what you want him to say. No CEO should say they were only making short term decisions designed to lead to a buyout. In fact, his statements indicating a long term view only serve to support a stronger negotiating position should a buyer come calling.

Finally, I will offer one thing more, an observation that a highly respected CEO once articulated that has always stuck with me..."I would rather be on time with good, than late with great."