Elite Pharmaceuticals Inc (ELTP)

[ARbigguy1]

For those screaming dilution - go back through Elite's SEC filings.
You have to go back to 5/3/2017 to find Nasrat's last FORM 4
STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP OF SECURITIES where Nasrat's
common shares were returned to the company in exchange for the Series J Convertible Preferred Shares and warrants issued by the company.
If you look at the S-1 and S-3 forms you will see that Elite has been very conservative with the use of their stock. Mostly comparatively small amounts issued to Lincoln Park Capital Fund to fund research and operations which is smart instead of borrowing and taking on huge debt.
Nasrat will not through the company away as he is focused on success! And success will be selling or merging the company so that is why I think he is getting the convert to common.
This company's S-# forms are not what you see for a typical OTC company - Elite is not bleeding investors - Elite is building the company!!!