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Re: namtae post# 212048

Thursday, 07/14/2016 9:35:55 AM

Thursday, July 14, 2016 9:35:55 AM

Post# of 408601
That's not true, which you are already aware of. Look, there is more than enough room for doubt, you don't have to fabricate things.

It is abundantly clear that the S-1 relates to 63,000,000 shares which may be issued to Lincoln Park. The issuance has not occurred, and will only occur if ELTP exercises its right to cause Lincoln Park to purchase. Having a shelf resale prospectus on file is standard in such an arrangement, to allow LP to unload the shares IF ELTP chooses to sell them.

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