Intellipharmaceutics International Inc. (IPCI)

[wimuskyfisherman]

Fabius- Think about this... If Odidi would have invested the money he loaned IPCI back when he did, how much would that investment be worth? Pretty much nothing... He has been collecting over 10% interest on that loan for years...

Now think about this... If IPCI goes bankrupt this year, who will have first crack at the assets? You guessed it... Odidi... IPCI has virtually no debt other than what they owe the Odidi's. Thus in bankruptcy, Odidi gets paid before any shareholder collects a dime. Now how much do you want to bet he will argue all the ANDAs are worth about what he is owed? So he takes the ANDAs and off to China he goes to produce and profit from several generic approvals. Approvals IPCI shareholders paid for and that idiot did not partner. And he will get all the profits... Think about it... As bad as things have gotten, he has not sold off any approvals... He could have... Sure looks like he is saving them for a rainy day.