Intellipharmaceutics International Inc. (IPCI)

[WeeZuhl]

Not so hard to figure out.




They sold 6.6 million warrants for enough cash to get them through the reverse split. The good news is that if the share price doesn't go above .60 then there won't be any more dilution. The bad news is that this will not get them to NASDAQ compliance, and the real dilution will come after the reverse split.



No mention of how much cash they got for 6.6 million warrants or to whom they sold them. In typical IPCI fashion, they are treating their shareholders like mushrooms- keeping them in the dark and feeding them shit.