Intellipharmaceutics International Inc. (IPCI)

[fabius]

"provide investors that have restrictions on their ability to own a company’s securities above a designated ownership threshold (typically, 9.99% or 19.99%) with the opportunity to invest additional capital without violating the investor’s ownership restrictions"

pre-funded have been done for a reason; the only shareholder which has just less than 20% is Boyd. And I remember somthing about restrictions on votes made to Boyd if he goes above 20% (was included in one the many offerings back in the past)


anyway, it is just an hypothesis...otherwise I don't see the legal reason for the pre-funded warrants