Intellipharmaceutics Intl. Inc. (IPCIF)

[wimuskyfisherman]

The big question I have is where are they going to get money to continue to fund a burn rate of over $1M per month? They have virtually no revenue coming in and a market cap of $5M. Looks like they will need to sell the whole company to pay salaries/expenses for a quarter... This is not a feasible business at this point and Odidi has been told to do the following for years:

1. Cut costs
2. Partner things and generate revenue
3. Sell off shelved approvals

But he has always known better and the day of reckoning is around the corner. They have to be out of money and it will be interesting to see how they continue to operate. Past offerings were short sold in advance. I don't think this is an option now at a $5M market cap. Lastly, Odidi was told for years to stop working with the scumbag bankers, but once a gain he knew better...