Intellipharmaceutics (IPCI) Forum
Sign up Calendar Latest Topics
 
 
 


Reply
  Author   Comment  
Samsa1

Moderator
Registered:
Posts: 692
Reply with quote  #1 
I guess, we still have another week until they receive NASDAQ delisting notice again.  Anyone else notice that they are in no hurry to do anything unless its diluting and raising money.   That they can do in a day or two.  

The last request to meet compliance they only requested until mid Oct.  If they indeed were planning to refile by end of year and release HAP studies, why not ask for the extension until December 31?   They have no foresight, no vision beyond the next dilution.   They can not even react to market changes. 

The sad part is they do not seem to even care that they have ruined so many people.  but why should they.  They are still millionaires living high on hog.  The larger share holders don't care because they are making money buying up the offerings and shorting.  The only losers are the little guy. 

So we by the time the next earnings comes out, in February for year end, we will be no where.  Except they will have spent 4 million of the 14 they just raised, they will say we intend to refile Rexista, we intend to partner all these drugs, we intend to release HAP results, we intend to do Podras trials, we have so much going for us.

Honestly, when we see the year end results, one has to ask, just what did we get for the 14 million they spent this year?  So, HAP studies may have cost 3 million.  What about the other 11?  what do they have to show for that money?  Legal fees for Purdue didn't cost that much.  Their utilities shouldn't cost that much.  Just where does the money go?

I know where all my money went.  All down the toilet. 
0
wimuskyfisherman

Moderator
Registered:
Posts: 555
Reply with quote  #2 
Samsa- Of course they don't care about anything now. Odidi got his grimy hands on another $14M and he will milk that cow for another year. As far as them refilling the NDA... My guess is it will be mid 2019. I know they said by year end... But that is when they had their hand out begging for money. Now the piggy bank is full and time for the Odidi's to take a long vacation. With that latest offering, they potentially sold almost 90% of the company for $14M plus the amount they will get from all the 75 cents warrants if exercised. So in my eyes, that offering was paying for tech the new owners of IPCI will get when they close the doors in 1-2 years.
0
wimuskyfisherman

Moderator
Registered:
Posts: 555
Reply with quote  #3 
Oh I heard for Odidi's next gig he will be moving to NY... He will be doing the three card monte in Times Square!
0
Samsa1

Moderator
Registered:
Posts: 692
Reply with quote  #4 
Wim, you know the other thing, we are coming up on the year end Nov. 31.  They have not accomplished one thing on the operational update from January   with the exception of the HAP studies and they were month late which is why they didn't resubmit back in September and October time frame.   The only thing they seem to be able to do on time is raise money and kill off long investors.   The irony is, he says Podras was to prevent accidental overdose and suicide.  yet buying the stock was suicide.   I still can't believe we heard nothing from Boyd about this unless hes happy shorting and making lots of money.
0
wimuskyfisherman

Moderator
Registered:
Posts: 555
Reply with quote  #5 
Sam- I really wonder now if Boyd plans to take over company/technology. It appears he may just be trying to buy them out as cheap as possible and then will close up shop and sell or move tech to Cerecor. It sure appears that he likes seeing the price go lower.

It also appears Odidi likes seeing the price go lower. What amazes me now is how bad Odidi screwed up saving the NASDAQ listing. The way he went about this and everything that shook out wreaks of utter incompetence... Or collusion to take the price lower and lower and lower... A bum off the street could have managed this task better... So you gotta wonder how a PPS that keeps going lower benefits Odidi?
0
nathaly4me

Avatar / Picture

Member
Registered:
Posts: 41
Reply with quote  #6 
I wouldn't be surprised if we heard he paid himself the loan with the last fre$h ca$h. Too bad he won't use that money to get shares and show confidence in the company.
0
wimuskyfisherman

Moderator
Registered:
Posts: 555
Reply with quote  #7 
Nathaly- No doubt. I would not be surprised to see him pay off those loans. If he does, that is certainly a sign he sees no future revenues.
0
Samsa1

Moderator
Registered:
Posts: 692
Reply with quote  #8 
actually, I don't see him paying off the loans.  he's getting a nice 10 and 12% returns on his money.   That's better than buying any shares in the company. we wont discuss how much that costs a person. 
0
Previous Topic | Next Topic
Print
Reply

Quick Navigation:

Easily create a Forum Website with Website Toolbox.