Intellipharmaceutics International Inc. (IPCI)

[AngeloFoca]

Do you hate lying FUDsters as much as I do???

here are facts: they raised $397,244 by selling 193,043 shares - they averaged $2.06 so I guess it was them with all that available stock on the ask - and they raised $122,092 by converting 58,139 warrants, so the warrants had an exercise cost of $2.10.

193,043 + 58,139 = 251,182 shares = 1% dilution. - very frugal as always.

All previous sales on the ATM have been at around $3.25 and IPCI has always been very stringent about diluting so why did they not sell ATM when it popped to over $3.00... why sell at an average of $2.06???

Here's my opinion: My guess is that they are working on a partnership that may pop it well above $3.00, and includes a sizeable up front payment, but it's not getting done in a timely manner, and therefore... the last minute sales at 2.06.