Intellipharmaceutics International Inc. (IPCI)

[fabius]

On the CASH needs

guys, here my conclusive points, which I'm not trying to convince anyone they are absolutely right or better than...I'm not writing anymore on this subject. By exeprience, I know anything thought illogical (to an investor) can Always materialize.

The thesis that the new CFO is more likely to push for a new shares issue it is by itself weak:

1- Odidi deicdes if/when

2- for sure the subject was discussed between the two during the hiring process/within the given mandate; "mr Patient, this is out of your scope, please find other ways or that is the door"

3- in the PR it was deliberately included that he "implemented a low-cost operating model". To me there is a hidden message here, although I wouldn't bet much on that

4- I have the felling that the previous raise was pushed by Della Penna; we all know how badly the stock behaviour was affected since. Now I don't see Odidi being convinced again to do something similar

5- one or maybe the only one positive aspect of having Odidi as the first shareholder is that his interests are or should be aligned with ours (shareholders). There is a multitude of small caps that have an history of recurring new raises: usually their management doesn't even have a single share of the stock. So mr Patient could likely want a big new raise to live his future without stress, but does Odidi ?

6- a new raise now will likely assimilate IPCI to those set of companies which are trying to expand their market cap via shares number increase instead of shares appreciation = investors stay away
(CTIC is a good example, ELTP another one, although very different from each other)
7- as I stated many times: a) Mallinckrodt or Purdue or whoever partners with IPCI, subsribes new 15mln shares and pays for new studies etc...yesss, I would strongly agree = trasnformational change in progress b) IPCI sells new shares to an hedge fund or the like...then even 5 mln shares will mean a new valley of pain begins

if IPCI decides to go for route b) then I believe I will strongly consder to close my Investments here.