Replies to post #37527 on Intellipharmaceutics International Inc. (IPCI)

[fabius]

My way of reading it is: Boyd has collectively 586'500x3 shares, each trance to a different benefical owner not surpassing 9.99%

Armistice Capital LLC
Armistice Master Fund
Steven Boyd

So he decreased the quota in Armistice Capitall LLC.

still impossible to say which % of ownership, beacuse I cannot understand if they were purchased before the offering (they occurred on 11 of Oct) or they were part of the offering.

I maybe wrong, so I do hope someone can clarify if he has a clear understanding