Intellipharmaceutics International Inc. (IPCI)

[cysonic]

O.K. you're right! I have misread the filing.

The Odidi Holdings Inc. holds 578,131 shares.

The rest is, as you correctly noted, "only" beneficial owning (options and Convertible Debenture).

But that still means that the Odidis still have a huge interest that the company suceeds and that we can expect news soon (~ 4 weeks). If the stock really gets delisted from the Nasdaq, that will be the end of the story.

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The filing says "On October 25, 2018, there were 8,107,243 Common Shares outstanding (post-reverse split)."

"The reverse split will reduce the number of outstanding common shares from approximately 43.5 million to approximately 4.35 million."
https://www.intellipharmaceutics.com/news-media/press-releases/detail/176/intellipharmaceutics-announces-one-for-10-reverse-stock (September 13, 2018)

-> As there were 8,107,243 Common Shares outstanding as of October 25, 2018, there must have been 3,75 million warrants exercised already imho.