Intellipharmaceutics International Inc. (IPCI)

[fabius]

First thing to know is if Armistice and Anson funds are allowed to invest in OTC companies.

Armistice is already down around 50% on its average price, therefore I believe Boyd is about to make some decisions: either cut the loss or double down.

If IPCI gets delisted from NASDAQ it will likely be listed in the OTC pink sheet (if they ask so). Armistice will have more time to implement its strategy; if it cannot be invested in OTC companies they will sell their shares to another hedge fund taking the loss.

what we can be sure about is that they can now have no doubts the management (CFO included) are absolutely inadequate to turnaround the company.

Anyway I believe one way or the other IPCI will be taken over @ no more than 1$; and that is just because Odidi will let the price crater to 0.1-0.15 thanks to his lazyness and inability to step up for his (no more) company.

Only exception - which at this point I consider a miracle - is IPCI does partner and receives an upfront payment which allow them to show NASDAQ Staff the concrete development to stay listed and show investors community they are still alive.

Not to be forgot: other pending ANDAs seem to be no more about to be approved: is the wording of their Q earnings alluding to the fact that they completely stop the approval procedure (they very likely have a pending CRL for each of the applications) ?

I hate this management: they have a 300-500mln potential company value and they are seriously risking do end up with a 40mln acquisition. Idiots