Replies to post #1237 on Intellipharmaceutics International Inc. (IPCI)

[doogdilinger]

Quick question mopar44...have you done any extensive due on this company since making your ihub handle last month?

The only 2 things that even remotely matter in todays announcement are the following:

1. It's a paltry $1.5M, which clearly reflects it's a tiny injection of cash reserve in anticipation of the 3 main multi-million dollar material valuation drivers fast approaching on the immediate horizon ie: their pending FDA approval of their 1st ANDA(which instantly transforms IPCI into profitability) immediately followed by 2 multi-million dollar licensing/partnership agreements on their next 2 ANDA's.

2. The paltry $1.5M loan is being provided by IPCI's husband and wife co-founder team themselves as clearly stated in the announcement and can be paid back at any time prior to 2 years from now>>>

Dr. Isa Odidi, CEO and Co-Founder, and Dr. Amina Odidi, COO and Co-Founder, of the Company and who directly and through their family holding company are its largest shareholders, owning approximately 33.5% of its currently issued shares on a non-diluted basis, intend to provide the Company with the approximately US$1.5 million of the proceeds for the Debentures. The participation of the Odidis, as related parties, in the Debenture transaction was approved by the directors of the Company who are independent of such related parties.

[dr_c6]

A family loan.