Intellipharmaceutics International Inc. (IPCI)

[Tekterra]

He's sort of the CEO right now and he has to sign off on everything. Even if he isn't the CEO he's still majority owner and will be involved in the major decisions.

I doubt he feels comfortable handing over the seat to someone else especially when he has a large stake in the company. IPCI has no funding and revenue. Company is barely breaking even when running at low cost and a snail pace.

Even if a new CEO takes over, the immediate need is more funding to really move anything forward.

I do agree that Odidi being the CEO should place more trust in his employees to help him make better decisions. Some times a man can be very stubborn especially when the man is obsessed or heavily involved with his work. It could be a downfall and the worst thing a CEO can do is to try and do everything himself and not listening to reasoning.

The last CFO leaving could have been disagreements with how Odidi is running things. I don't think Odidi fired him. He left probably for the reason that he disagree with how things are run.

Either that, or he's just doing a poor job and feels he's not up for the job then leaves.

IPCI has the pipeline but the business world is complicated and you need the connections to all the right people to succeed. Odidi might be a good scientist, but he doesn't have the connections to the right people to help his company succeed. It's critical he hires the right person to help him out.

And he absolutely cannot do everything by himself. He's not superman and needs to realize that there are people that can do a better job at certain aspect of the company. So now we have this new CFO, who knows what will happen?