Intellipharmaceutics International Inc. (IPCI)

[Samsa]

Wim, All three of your last posts are legitimate arguments. I think we have seen his true color now. The fact they stated that the RS was going to effect everyone the same and just 5 months later now change it that his subordinated Debentures will not be subject to the RS so he does not get diluted. well, that speaks volumes. He does not have time to work on marketing his drugs but he had time to do that.

So if that is the caliber of CEO we have,of course he will just dilute again. Once he gets the 1.7 million shares convertible at 54 cents that not gets him back to owning above 10% of the company. He can afford to dilute again. This is why he is doing this. So he can dilute again while maintaining control.

You are correct in that the BOD is responsible for allowing this continue. It just shows that no one will then take the company serious and we will probably be stuck at these levels.

We already know the games that were played to manipulate the price. The people who play these games are probably just as upset with Odidi as we are. So, do you really think they will allow the price to get above that 56 cents to allow him to covert those shares? My guess is they will not. The only way to stop him is by not allowing the share price to get above the strike price.

If I am correct then we are going to be stuck in this trading range of 17 cents to 40 cents for a very long time.