Replies to post #30599 on Intellipharmaceutics International Inc. (IPCI)

[fabius]

which way? email, phone ? thanks

[doogdilinger]

Our significant shareholders have the ability to exercise significant influence over certain corporate actions.
 
Our principal shareholders, Drs. Amina and Isa Odidi, our President and Chief Operating Officer and our Chairman and Chief Executive Officer, respectively, and Odidi Holdings Inc., a privately-held company controlled by Drs. Amina and Isa Odidi, owned in the aggregate approximately 18.6% of our issued and outstanding common shares as of October 11, 2017 (and collectively beneficially owned in the aggregate approximately 29.5% of our common shares, including common shares issuable upon the exercise of outstanding options and the conversion of the convertible Debenture in respect of the loan to us in the original principal amount of $1,500,000 by Drs. Isa and Amina Odidi, of which $1,350,000 remains outstanding, that are exercisable or convertible within 60 days of the date hereof). As a result, the principal shareholders have the ability to exercise significant influence over all matters submitted to our shareholders for approval whether subject to approval by a majority of holders of our common shares or subject to a class vote or special resolution requiring the approval of 66 and 2/3rd% of the votes cast by holders of our common shares, in person or by proxy.