Elite Pharmaceuticals Inc (ELTP)

[WeeZuhl]

I didn't say I loved it.

Not sure I agree. Last cc, Nasrat was stating he needs only $1-2M for sourcing and operations. If CNS is approved in Dec, Elite becomes CFP early 2020. No need for this big of authorization at this point. I don’t think that is judicious.

I'm just saying it could have been worse. I think of it like this: this is just step #1 in the next LPC deal. Current agreement expires in (?)May. LPC will not enter a $40-50 million dollar stock purchase agreement with a company that doesn't have enough shares to cover it at current share price. That's 500 million shares right there. NH doesn't need to use them, but he does need to have them available in order to get his shiny, new dilution machine from LPC.