Elite Pharmaceuticals Inc (ELTP): You realize this was just discussed toda...

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Re: Chasing post# 331554

Friday, 04/17/2020 11:11:05 PM

Friday, April 17, 2020 11:11:05 PM

You realize this was just discussed today, right? And this was BEFORE we knew of today's filing.

--- "So, at the earliest, the conversion only became possible in April 2019. However, at that time and not until December 2019 with the shareholder approval of the increase in authorized shares did Elite have the ability to execute the conversion. Since preferred shares are considered debt, that is largely why we saw the auditor’s going concern (a condition that will be eliminated with the next annual report)."

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