Intellipharmaceutics International Inc. (IPCI)

[InTheTrenches]

I'm very impressed. We could have been totally screwed on this financing by a shady investment banker. On these types of transactions, I've commonly seen a 10% haircut off the closing price on the common shares sold (i.e. 1.40s instead of 1.61), with full warrants attached instead of the half warrants negotiated at 1.93. Also, the trading halt to allow the financing to complete and the market to digest was very professional.

Well done by Della Penna, Dawson James and management to arrange and close this deal. It shows that there is strong belief in the assets of this company.

Sad that the FDA is so messed up on ANDA reviews that it had to come to a financing at this low price.

I added again (hopefully my last add!) in the 1.50s.