Intellipharmaceutics (IPCI) Forum
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wimuskyfisherman

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Reply with quote  #1 
I think IPCI is only valued at cash on hand right now. A valuation based on 24M shares(after pre-funded warrants are converted) times $0.30 = $7.2M. That is likely the cash IPCI has in the bank right now. So people are putting absolutely no value on anything in the pipeline including approved ANDAs. Each and every day this smells worse and worse... I really hope Odidi is actually using the offering money to develop product. But it seems the market feels he is just transferring it to his own personal piggy bank.
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