Intellipharmaceutics International Inc. (IPCI)

[wimuskyfisherman]

Doog and Samsa- This stock cannot and will not go up. The truth is they have no revenue and no real revenue in the near future. But they have 60 employees, a full executive staff, a BOD and a failed pipeline. Yes they now tout some new pipeline products. But these are no where near completion and the fact is the company has no money to develop them. The burn rate to just keep doors open is about $1M per month. And that is with them not advancing anything. So what is Odidi's next move? How does he raise his next $5M to keep the doors open for 3-6 months? My guess is he will sell 90% of the company to get that $5M. I have heard they don't want to make bad deals time and time again... But what was last years offering? Wasn't that a bad deal?

I guess we all know why Odidi never buys IPCI shares... He just loans them money at 12%... If he would have bought shares with that loan money years ago, that money would be long gone... But now he continues to collect 12% year in and year out and will have first grab at IPCI assets in the firesale.