Intellipharmaceutics International Inc. (IPCI)

[Samsa]

Angelo, That's a great idea. however, I only found one thing wrong with it. we know there has been no cash infusion because as of the latest SEC report and the updated resale of the warrants, they still claim to only have 200k in cash? unless they just copied and pasted and failed to update that figure. so it still appears they spent no money over the last month.

Other than that, assuming they made another mistake LOL and they did get an infusion of cash, you may be right. That 11 million was was classified as Cost recovery. that is pretty much wide open. we know they bought machines early last year. I am not sure cost recovery is the same as performance payments but since we do not have access to the documents it is a possibility.