Intellipharmaceutics International Inc. (IPCI)

[Samsa]

Evenkeel, I'd like to know what they did for money for the past 2 months before they did this 500k financing.

They either cut costs drastically, OR got unexpected revenue from somewhere.

The recent raise of 500k is not that much if they have not cut costs. They historically spend 3 million to 3.5 a quarter!

3QE I think ended last month on August 31. so maybe we are in for some surprise when they release it in November. They are already into fiscal 4QE which now ends November 30 and they only raised another 500k?

Inquiring minds would like to know.