Intellipharmaceutics International Inc. (IPCI)

[tilator]

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.

Still one big question remains. Why this warrant action in the first place?

They could just RS + dump more shares. No warrant step needed.

Unless - there is something against it. I suppose IPCI simply can't find a buyer to fund dilution any more.