Replies to post #33875 on Intellipharmaceutics International Inc. (IPCI)

[AngeloFoca]

Last year they were telling everyone it was going to take them to cash flow positive status

Last year so was I telling everyone it was going to take us to cash flow positive status... in fact... had MNK done as well as Lupin in selling Seroquel XR and captured an 18% share, IPCI would be sharing in a $90 million windfall - even your paltry 20% royalty assumption would have earned them $18 million on Seroquel alone... add $5 million for focalin = $23 million or about a $10 million net profit divide that by 33 million shares and you would have earnings of 30 cents per share... and would not have needed to dilute.