Elite Pharmaceuticals Inc (ELTP)

[lasers]

hyder a R/S does not free up shares as the AS and OS are equally reversed to the lesser amount.

The only way to free up more shares at this time was to do exactly what $ELTP and NH did. I actually posted on this very important strategy a few months prior as a very real possibility.

In the future, $ELTP with excess revenues and swelling treasury monies plans to review buying back shares.

By freeing up 158 mil shares, the wind has been knocked out of the Shorts and $ELTP can now take its time to negotiate with increased strength for partnerships and licensing deals.