Intellipharmaceutics International Inc. (IPCI)

[WeeZuhl]

The simple calc on Shareowner Equity is the sum of all assets minus the sum of all liabilities.

Great to hear from you, AmigoMike. Any conversation is better when you are in it. In order to have $2.5M SE, it seems the company will need to account for the Odidi loans, yes? Either pay them off or have an equal amount of additional cash on deposit. Last month's $0.5M loan made it that much harder to meet their goal. If Dr. Odidi believes in the future of the company, he should convert both of those loans to shares immediately. That is a simple step completely within his control. It would help the company to meet SE and surely would be the kind of news to provide at least some "pop in price." It would also give him greater control by significantly increasing his percentage ownership.


Besides the loss of interest income, the only reason for him not to convert those loans now is if he believes IPCI bankruptcy is in the near future.