Intellipharmaceutics International Inc. (IPCI)

[Amigo Mike]

Grill,

I like your formula .... except everyone is leaving out the development costs of Regabatin and paying taxes on any profits in the projections. Not sure the timeline on Rexista II but that will be in there somewhere too. Operating cost will increase if IPCI goes into manufacturing of Rexista as Angelo has asserted. Was hoping he'd point to where he got that info.

On the ANDA side I believe Seroquel will be a fact to consider come November. Tough to quantify.

Good discussions thus far.

Amigo Mike