Intellipharmaceutics International Inc. (IPCI)

[wimuskyfisherman]

Fabius- What you said in regards to defensive positioning makes sense. Remember, no one knows what outcome of NASDAQ meeting will be. Thus, most won't risk jumping in right now. This defensive positioning will allow the shorts to cover somewhat in the 30s. At least that is what I think their plan is. I don't think they want to go into NASDAQ meeting with a fully loaded short position. Actually, I think most evidence suggest that IPCI gets an extension- but it certainly is not for certain. So I think that would confirm they want to at cover somewhat.