Replies to post #35836 on Intellipharmaceutics International Inc. (IPCI)

[AngeloFoca]

Beautifully explained Samsa... and also my understanding of it.

the company just gave away extra equity. If they can get the share price up to that strike price,

They did not give away ANY extra equity... they did however agree to accept less money for that same equity... and the operative word "they" which I think you imply to be IPCI, I believe is now IPCI + Armitage, as they are now more incentivized to assure IPCI's share price climbs... as they receive nothing of benefit unless it does.

p.s. - this does nothing for the 1.5 million??? warrants with a exercise price of $1.90??? or was it $2.15???

[bluelucky]

Where are you getting the new strike price is .445. That is not how I read the filing. That amount is included only for the purpose of determining the registration fee and is based on the weighted average of the stock price over the stated period of time. Read note 3 on the filing.