Elite Pharmaceuticals Inc (ELTP): Is there an advantage to converting soon...

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Elite Pharmaceuticals Inc (ELTP)

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Re: lasers post# 151324

Friday, 04/17/2015 9:03:17 AM

Friday, April 17, 2015 9:03:17 AM

Is there an advantage to converting sooner/later?

What I'm trying to figure out is if there is a reason to convert now vs. just before a buyout. Does the share price at the time of conversion have any tax implications for the holder when the common stock is eventually sold? Other than ~$65,000 out of pocket, is there a reason to not have converted his other million warrants now as opposed to say in 1 year when the share price will be (presumably) higher?

Also, 'ice n ak' made an interesting point:

Acquiring companies hate buying companies that have warrants survive a merger and allow the warrant holder to buy equity in the acquirer.

Do any of Epic's warrants have this kind of carryover feature?

"There are three kinds of lies: lies, damned lies, and statistics."

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