Replies to post #38505 on Intellipharmaceutics International Inc. (IPCI)

[swe77]

I can't say I didn't see this coming. Those guys had no idea what they were doing or how to run a business.

I am still not sure whether it was incompetence or corruption.

Hopefully, more class actions will be filed against the board.

[wimuskyfisherman]

Doog 100% agreed! I am guessing he has been moving his assets to Nigeria and China to protect them. The next thing is bankruptcy... Let me see... Who gets first crack at IPCI assets in bankruptcy? That would be Odidi as he is the only person they owe money to and debt gets paid before equity in bankruptcy. So he will argue that ANDA pipeline is worthless as he could not partner and profit from it. Thus he takes the whole ANDA portfolio and heads off to China to manufacture. It does not get any more crooked than that...