Elite Pharmaceuticals Inc (ELTP)

[no2koolaid]

The deal called for a maximum of $40 Million. Here is the announcement...http://ir.elitepharma.com/profiles/investor/ResLibraryView.asp?ResLibraryID=74679&GoTopage=1&Category=2163&BzID=2258&t=1956&G=939

If we calculate the amount already paid out in shares/loans through this agreement, the remainder of the $40 Million at roughly 14 cents p/s would be less than the 85 million share delta between current O/S and the A/S.