Intellipharmaceutics International Inc. (IPCI)

[wimuskyfisherman]

A Tale of Two People who Sold Paper

#1- I once knew a guy that was a young scientist. A chemist in fact. He was also a budding entrepreneur too. He started a small business in the late 80's selling paper. He traveled the country following the Grateful Dead selling this paper. Everything he sold was guaranteed and all his customers were extremely happy. He became a millionaire doing this. You would see him today and you would never guess this guy did this at one time.

#2- Is a scientist too. Him and his wife are allegedly pharmaceutical experts. They became multi-millionaires selling paper too. However, the paper they sell and continue to sell is worthless. The paper is based on their promise of advancing a drug pipeline, getting FDA approvals and generating revenue. They promise this over and over again and never deliver. They are aided in this con by bottom of the barrel finance houses that aid then in offloading this worthless paper. They have a large sideshow that plays with them in the lab. The cost of this entourage is getting unsustainable as the yearly burn rate now exceeds the market value of the company. They are gearing up to sell some more worthless paper. Everyone that ever buys this paper regrets it...

At least #1 never let his customers down. They always got what they paid for. #2 continues the charade with more and more promises... But the charade is just about up.