Replies to post #34164 on Intellipharmaceutics International Inc. (IPCI)

[tilator]

In order to exercise the warrants, they had to agree not to pwn more than 9.99% of the company and with the last offering they purchased on March 16 they now exceeded that requirement, in essence making the warrants "UN-excercizeable".

I will point out that there are exceptions to the rule, such as if the company agrees to allow them to exercise them or raises the limits. They also mention the warrants are able to participate in any spinoff of the company. (possible hint, hint).

One more thing to support the idea of the whole company being bought by someone else. This is the way for Armistice to sell warrants too.

[fabius]

Thank you so much Samsa.

I think it is interesting Armistice decided to strongly pass the 9.99% thereshold knowing the warrants become non exercisable.

Tilator made a good point.