Elite Pharmaceuticals Inc (ELTP)

[pte]

WeeZ, please correct me if I'm wrong. As of now the O/S have been reduced by the number of common shares Nasrat has given up. This would be reflected as such on the balance sheet. At the same time the float remains the same until shares out of treasury are put to Lincoln regardless of whether they hold them or flip them. True dilution from a market stand point only takes place when Lincoln receives shares which increases the float.

Do you agree?