Intellipharmaceutics International Inc. (IPCI)

[Samsa]

Wimike, Its what I expected after they reclassified the warrants as actual shares. it now gave the holders the right to shirt against them without actually paying for them! unlike a warrant where you can always eventually cash in you still had to have the actual shares to cover or else it was naked shorting. This just gave out extra shares that could now be shorted. They probably dangled the carrot in front of him saying if you do this you meet the shareholder equity requirement and he took it. never thinking about how they could use them against him to drive the price down to force a bigger dilution.