Intellipharmaceutics International Inc. (IPCI)

[West Coast Snapper]

Agree that they are taking much less if any off ATM now, but they likely took another $500k-750k for the Q before the blowup

I met with Domenic at a cocktail party at JPM back in January in SF and he said they don't need to do a financing this year. Between royalties and ATM they had enough cash to get them to profitability. With the Purdue suit maybe they need a few more bucks but this stock move is a complete overreaction and I highly doubt they raise money down here