Intellipharmaceutics International Inc. (IPCI)

[Samsa]

Blue, I agree it needs to be cleared up ASAP. I personally have a lot of reservations about our CEO setting up what appears to be a new company and he just happens to be the CEO , founder and lead scientist of it.

As CEO of both entities he could easily sign deals granting that private company say 80% profit and IPCI 20% profit split. who would know? the deals are are always secret. therefore it would appear t be a conflict to setup a competitor or even partner company.

Unless, the end result is this new company becomes a wholly owned subsidiary of IPCI. then there are no conflicts. The fact all 3 company names are displayed on the board would indicate all three will be working together, we just do not know how yet. But if indeed Smart Pharmaceutical stays an independent private company. we as shareholders of IPCI have a problem.

so, Yes, I agree they need to PR this ASAP to clear up any misgivings.