Elite Pharmaceuticals Inc (ELTP): This was the statement I was referring t...

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Elite Pharmaceuticals Inc (ELTP)

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Re: jour_trader post# 330181

Friday, 03/20/2020 9:51:25 PM

Friday, March 20, 2020 9:51:25 PM

This was the statement I was referring to below. About being a back stop.

From the Q2 2020 earning call in November.

“Furthermore, I'm the best backup for Elite and the last time when Elite had no shares and they needed to sign a deal with Lincoln Park, they came to me and I forfeited my shares. I cannot do that when these are in a J-series. They have to be in common shares. So this is actually very advantageous to Elite to do so.

https://seekingalpha.com/article/4306260

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