Intellipharmaceutics International Inc. (IPCI)

[92649]

Doog, to net $25M to do the studies @ a share price of say $150, plus a warrant it will add 35M shares or double the fully diluted amount now to about 70M shares. That is if the PPS is as high as $1.50. So you are right 70M to 80M shares to net $25M to $30M.

Usually on a miss like this the PPS goes down .60% or so, which equates to $1.50 and with an announcement of dilution the PPS could go lower. Good thing they have income coming in and increasing.