Elite Pharmaceuticals Inc (ELTP)

[no2koolaid]

bms65, thanks for weighing in. However, it is important not to confuse what the limits are in the LPC agreement and the requirements that Elite must contend with on accounting for liabilities such as the Series J. If you do the math, the share count for the Series J plus the diluted share count per the Q shows that Elite may have enough shares to keep the lights on, but not enough to file any ANDA fees at $171k per.