Elite Pharmaceuticals Inc (ELTP)

[rollin2nyte]

10-20% is the typical threshold for modern day shareholders rights plan.

You might also want to read this article:

http://www.valuewalk.com/2015/01/u-s-firms-rushing-adopt-protective-poison-pills-factset/

You'll notice that poison pills exist for reasons other than hostile takeover defense.

#2 You're assuming the acquirer of over 15% of the shares wants to raise their cost basis to get to that 15%? Don't you know that the transactions would be broken up and spread out to prevent such a spike in volume and price appreciation?

"One 2005 study by FactSet found that companies using poison pills were able to raise their price tag 24% higher than companies without such plans."

#3 Is complete BS, name one company that wants to give away 15% meaningful ownership rights.