Intellipharmaceutics International Inc. (IPCI)

[wimuskyfisherman]

My guess is Odidi will blow the NASDAQ hearing in the following way... I am sure he was advised to raise $15M but he won't listen and do the following:

1. Raise $5M and tell NASDAQ that is $2.5M in equity and enough money until year end
2. He will say it is sustainable due to increasing sales in international markets. Which is totally BS. Also he will say that he has the additional $10M in shares he can sell to fund company.

If he does this, I am guessing NASDAQ may just kick him to the curb. It could go either way, but the sure bet would be to dilute $15M. And why won't he dilute $15M? Nobody will buy this POS because of his terrible track record.

Lastly, I think this price action is from Wainwright... Help the customer out... But once the deal is closed, they will beat this thing down as far as they can...