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Re: Eltp post# 71762

Tuesday, 07/31/2018 3:31:09 AM

Tuesday, July 31, 2018 3:31:09 AM

Post# of 175475
All of the the debt listed in most recent 10q (https://www.otcmarkets.com/filing/html?id=12771394&guid=U6KoUao64zmrhbh) have conversion prices which are much higher than current pps. The lowest conversion price is $0.12, it’s only the interest payments that should be accounted for when calculating potential number of shares being diluted since current pps is way below the conversion prices. So really the dilution is like $375k (accrued interest) not the entire debt or $2.5m as you mentioned. Theory is when pps reaches those conversion price levels, it then becomes more likely that company may be able to pay off in $$$ instead of stock conversions
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