Intellipharmaceutics International Inc. (IPCI)

[AngeloFoca]

Beautifully explained Samsa... and also my understanding of it.

the company just gave away extra equity. If they can get the share price up to that strike price,

They did not give away ANY extra equity... they did however agree to accept less money for that same equity... and the operative word "they" which I think you imply to be IPCI, I believe is now IPCI + Armitage, as they are now more incentivized to assure IPCI's share price climbs... as they receive nothing of benefit unless it does.

p.s. - this does nothing for the 1.5 million??? warrants with a exercise price of $1.90??? or was it $2.15???