Intellipharmaceutics International Inc. (IPCI)

[wimike]

Just remember. People who loan the company money get paid FIRST when you liquidate. Common stockholders get what is left NOTHING (that would be my guess if we declared Bankruptcy).

Now does it make sense why he never buys any more stock but LOANS the company money. He becomes a debtor, not an equity holder. DEbtors come first then preferred stock then common stock.