Intellipharmaceutics International Inc. (IPCI)

[evenkeel]

If i read the last report correctly, they are down to about 1 million in cash, which they burn through each month in expenses. They have a new PDUFA date in late August, but that is 4 months and $4 million away in spending. They have to raise more cash by the end of May at the latest, and until that happens I doubt anyone is going to buy.