Elite Pharmaceuticals Inc (ELTP)

[JJAAMMAANN]

35% left of $40 MILLION to borrow.

It is pretty simple really,
Again, if you are long, I'm not trying to offend...just offer up my opinion.
ELTP knows that the Lincoln Park Deal is nearing completion...Better believe if they can't extend them, they are gong to force them to take millions and millions more in shares...to the tune of 800,000 shares per day worth...lots of days between now then???

The Company, from time to time and at the Company’s sole discretion but no more frequently than every other business day, direct Lincoln Park to purchase (a “Regular Purchase”) up to 500,000 shares of common stock on any such business day, increasing up to 800,000 shares, depending upon the closing sale price of the common stock, provided that in no event shall Lincoln Park purchase more than $760,000 worth of common stock on any single business day.