Replies to post #37532 on Intellipharmaceutics International Inc. (IPCI)

[WeeZuhl]

Boyd has 3 different accounts holding IPCI shares

Go back and look at the most recent 13g prior to this one. All 3 entities were listed as having 8+ million shares. This is just how it is reported, he didn't have 25 million shares then, and he doesn't have 1.6 million shares now. That is the aggregate number of shares held, it is not meant to be multiplied by 3.

[Amigo Mike]

I agree with Weezuhl.

Boyd controls the entities.

Shares are owned in the capital master fund, of which the LLC is the manager, of which Boyd is the managing member. If all three owned 500k+ shares then Boyd would have voting power over 1.6 million shares. Filing doesn't say that.

And 13G is for passive investment. 13D is an indication of desiring influence over MGMT.

Amigo Mike