Intellipharmaceutics International Inc. (IPCI)

[wimuskyfisherman]

Biotech Junkie- Time for IPCI to trim the fat. It is OK for profitable companies to have excess fat but public companies with long history of losses need to be lean. Time for IPCI to trim the fat. Here is the start:

1. Fire the Odidi's outright. IPCI does not need them.
2. Restructure management to less positions. President, VP of R&D, VP of Sales and Marketing, VP of Finance.
3. Hire VP of R&D one other good scientist to manage development and pipeline. Hire FDA regulatory affair smanager. Keep the lab people around that work on development/pipeline.
4. Get rid of fatty positions like shipping people, janitors, mail clerks. These are not essential people in small operations and this work can be absorbed by the other staff members.
5. Get rid of the entire BOD.

This is good start.