Intellipharmaceutics International Inc. (IPCI)

[AngeloFoca]

Royalties are paid quarterly 30 days after end of quarter, therefore:

Assuming MNK begins marketing Seroquel XR on May 1st, and assuming MNK's has a traditional Dec 31 Fiscal year... then the May and June sales will be paid 30 days after June 30th which is July 30th... and will appear on IPCI's 3rd quarter earnings ending August 31.

Also assuming PAR begins marketing the complete line of doses for Focalin by April 1st... then a full quarter of Focalin royalties will also appear on IPCI's 3rd quarter ending August 31.

I would not be surprised to see IPCI cash positive on 3rd quarter earnings ending August 31th... on generics alone.