Intellipharmaceutics International Inc. (IPCI)

[fred198484]

If you were a new CFO coming into this situation, my guess is you would tell Odidi that you would accept the job under the following conditions and than list off five or so requirements. At the top of that list likely would be getting a capital buffer so you are not always in a cash bind. Now, the PR does say he likes to operate in a low cost way. So maybe he is happy not to have a capital buffer and is up to the challenge. But the risk to us shareholders is that he throws us under the bus as he likely cares more about the future and his legacy and does not even know us. Of course, Odidi does not want to be diluted much and they really don't need a ton of money. But with the stock price so low, even a small capital raise is pretty dilutive.