Intellipharmaceutics International Inc. (IPCI)

[Samsa]

well......that is the big question. They knew back in March that revenue was down. that QE ended February 28. by mid March they had the income since it given on a lag basis. they filed the offerings mid March to regain compliance to meet the "exemption" they were notified just recently that NASDAQ accepted that as meeting compliance exemption. However, now 2 weeks later, they announce they no longer meet compliance requirements as part of what was not told to us , was that they had to maintain that compliance through the filing. because we had a selloff after the filing that is what tripped us up. so.....here we are. the fact we were already given an extension and we blew it, is why I say I feel we have to seriously look at delisting. how many chances are they given? what is reasonable appeal? just going in saying I am sorry does not cut it in court. will it here? I have no clue. my gut tells me unless they go to the hearing in compliance they will not prevail. Its too easy for NASDAQ tojust say you were given a chance you blew it. now your delisted. If you feel you will meet compliance next year with an approval your more than welcome to refile for admittance. That is what I am afraid is going to happen.