Elite Pharmaceuticals Inc (ELTP): By diluting to 1B shares Nasrat is basic...

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Re: The ELTP King post# 243571

Tuesday, 02/21/2017 9:47:15 PM

Tuesday, February 21, 2017 9:47:15 PM

By diluting to 1B shares Nasrat is basically selling 10% of the company for $10M. If he goes that route he is desperate beyond measure. There is no logical reason why he would do this unless he holds little value in the near term success, liquidity & value creation.

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