Intellipharmaceutics International Inc. (IPCI)

[wimuskyfisherman]

Fabius- Why would he want price to remain low before converting pre-funded warrants? He already paid $0.74 for them and gets to convert them for $0.01. So I don't know why he would benefit for keeping price down.

He also has 6 million firm warrants he can convert for $0.75. So by my estimation if he exercises all those warrants and all outstanding warrants are exercised, he will own about 12-13 million shares out of a total of approximately 40 million shares outstanding. Or roughly 30-35% of the entire company.