Replies to post #32733 on Intellipharmaceutics International Inc. (IPCI)

[wimuskyfisherman]

Blue- Hypothetically what you are saying:

1. 2 to 1 reverse split. 34M shares down to 17M shares. Price $0.75 to $1.50.
2. Offering to sell 8M shares @ $1.50 for a total of $12M and net company roughly $10M.

That type of deal will be selling roughly 1/3 of the company equity to net $10M. And thats a best case scenario...

Now I am guessing Dr. Odidi won't want to go down that road... If he does he will certainly lose control of the company. So, the good Dr. better have some better plans up his sleeve or his baby slips away...

[mopar44o]

Any offering drives the market cap down further. It doesn't solve the problem.im no expert but it's really basic math.