Intellipharmaceutics (IPCI) Forum
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wimuskyfisherman

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Reply with quote  #1 
Does anyone know what the Odidi's will receive for a bonus for Efexxor XR approval? Pretty sad if they receive anything for an ANDA that received numerous CRLs and should have been approved in 2014 at the latest...
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Samsa1

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Reply with quote  #2 
I have been unable to find the exact qoute, but it was hidden somewhere in a annual filing.  They get a bonus for the first 7 approvals, which this is number 5.  It was on a sliding scale starting at 2 million for the first.   I believe they got 1.2 million for Seroquel, I so think this will be around 1 million.   I agree. its sad.  another million out to odidi's for another drug with no partner or revenue.  nor did they ever even PR yet.  Had they in time when it was approved, they may have stayed any delisting notice.
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wimuskyfisherman

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Reply with quote  #3 
Yeah the Odidi's totally messed up the NASDAQ situation and did a massive dilution with no news... Long term shareholders have already lost 90% of their investment. But now they get an approval that comes many years too late and they will collect millions... I cannot wait for the annual meeting. We all need to go and make a mockery of this joke of a company.
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Samsa1

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Reply with quote  #4 
I agree.  I can not believe they did what they did.   The RS was not bad in itself.   they needed to ink that Rexista deal or regabatin and we would have popped up to $10 and they could sold a million shares and ended up with the same money AND only 5 million float.  The death nail was the toxic dilution afterwards!   who does a dilution after a RS and no news and think they will still maintain compliance?   it was stupid.  and thats why I feel unless we go into that hearing in compliance, we will get delisted.  they will see how the company is being run.
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wimuskyfisherman

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Reply with quote  #5 
So I have to wonder now if Rexista is dead as they now are moving forward with immediate release oxy. IPCI0006 was not even in the free writing prospectus released before the offering. So how did it go from not even being a pump to potential investors to an IND filed a month later? Me thinks there is more here than they are saying.
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