Intellipharmaceutics International Inc. (IPCI)

[fabius]

the problem of trying to solve the minimum equity via an offering is that you raise x% of the company capital but without any positive catalyst the market is very likely going to adjust the market cap to account for dilution by a facto of x%.

So when a raise is made just to survive for the next 3 months and grant salaries and bonuses the net result could even be negative.

I wrote Patient, Odidis and the Board in the past explaining exactly what was likely to happen (and it did !).

I also added that the usual outcome for this kind of spiral is a change in the management and often in company ownership