Elite Pharmaceuticals Inc (ELTP): There is nothing in the agreement that s...

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Re: WeeZuhl post# 339841

Monday, 07/27/2020 12:53:15 PM

Monday, July 27, 2020 12:53:15 PM

There is nothing in the agreement that states that Lincoln Park will buy shares below market price. In addition, they are specifically prohibited from flipping or shorting the shares they acquire. If you are suggesting otherwise, you believe that they are violating the purchasing agreement.
What would motivate the owner of the majority of shares to undertake a strategy that would harm shareholders and his own vested interest?

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