Intellipharmaceutics International Inc. (IPCI)

[fabius]

I can tell you about a specific case, but within a European jurisdicition:

- BPER is company trying to adjust its balance sheet receives a take over offer
- the management rebuffs it, deeming it too low
- the suitor seems to be ready to increase the offer
- but this doesn't happen
- BPER free falls and gets halted (by the regulators due to balance sheet compliancy issues)
- from that moment it never traded again, because after a period of suspension it filed for bankruptcy


...but here is my point:

we discovered that DURING the takeover offer, a financial institution opened a big SHORT position against BPER (apparently a suicide)

the SHORT was closed 1 year later, in front of lawyers, far away from financial markets where BPER was no longer listed since 12 months. the financial institution made a monstrous gain (from 0.91 to 0.05)

the SHORT is a contract...and as such can always be signed if two parties agree.

conlusion:
it is very very complicated to understand who/how somebody has to gain when it comes to speculative-complex-financial transactions.

I am DEFINETLY not saying this is the case for IPCI, but just want everybody to write and phone the company to make them open their eyes, beacuse we are in serious danger. I did it, more than once.

One cannot keep on feeding your roses if an hurricane is approaching...you to find a solution to protect them
everything is possibile in terms of financial markets dynamics