Intellipharmaceutics International Inc. (IPCI)

[doogdilinger]

Yep and upon registration of the warrants we'll either see the warrant strike prices remain as they are or drastically lowered.

If the warrant strike prices remain as they are then IPCI won't generate 1 dime from this maneuver, it will just aid them in meeting the shareholder equity requirement for maintaining their NAZ listing.

But if the warrant strike prices are dramatically lowered to current share prices or lower...then there's a chance they could do some more dilution leading into the reverse split next month of up to approx. 6M shares dumped into the tradable float.

Regardless it all amounts to more ugliness and there's no miracles coming...as it states quite clearly in the prospectus that the only thing IPCI shareholders are voting on next month is the proposed reverse split.

So all our earlier speculation about why they selected such an early shareholder of record date of june 28th proved pointless as there's nothing special about next months s/h proxy vote...it's just to approve the pending r/s!