Elite Pharmaceuticals Inc (ELTP): The conversion of Nasrat's commons t...

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Elite Pharmaceuticals Inc (ELTP)

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Re: The ELTP King post# 322573

Saturday, 10/12/2019 4:21:46 PM

Saturday, October 12, 2019 4:21:46 PM

The conversion of Nasrat's commons to J series is a four year agreement. If the J's are not converted to commons by (April?) 2021 there will be a 20% annual dividend rate incurred by Elite. It would be in the shareholder's best interests to allow Nasrat to convert his J's.

Why does Nasrat want to convert his Series J preferred shares to common shares?

Are preferred shares not better than common shares, hence the name PREFERRED?

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