Intellipharmaceutics International Inc. (IPCI)

[fabius]

Ownership: the numbers & NASDAQ Compliance

Sabby had 1'083'000 shares
Anson sold 787'946 shares (still holding - as per today Bloomberg - 2'182'720)

UBS reporting 6'997'778 shares based on "the Auction Rate Securities Rights issued by UBS AG to certain clients and pursuant to which the securities reported herein have been purchased from such clients"

UBS acted on behalf of someonelse - 16% of IPCI is therefore likely to end up sooner or later the another benficiary. For which reason ?? Unknown

If I was Odidi I would start to feel quiet uncomfortable.


NASDAQ COMPLIANCE
"The Company must also have by September 28, 2018 a stockholders’ equity position of over $2.5 million.
Finally, the Company must by that date provide the Panel with updated financial projections demonstrating its ability to maintain compliance with the stockholders’ equity rule for the coming year."

how do you prove your ability to maintain the equity position > 2.5Mln for the followwing 12 months ?

Equity position is made up of

+Common Stock
+Additional Paid in Capital
- treasury Stock
+ Retained Earnings

in which component is IPCI going to show some reliable support in order to say compliant ?