Elite Pharmaceuticals Inc (ELTP)

[WeeZuhl]

There is nothing in the agreement that states that Lincoln Park will buy shares below market price.

LOL of course there is. This is how LPC makes money. They buy discounted stock and immediately sell at market prices.



https://sec.report/Document/0001213900-20-017103/

(ii) “Purchase Price” means, with respect to a Regular Purchase made pursuant to Section 2(a) hereof, ninety-seven percent (97%) of the lower of: (i) the lowest Sale Price on the Purchase Date for such Regular Purchase and (ii) the arithmetic average of the three (3) lowest Closing Sale Prices for the Common Stock during the ten (10) consecutive Business Days ending on the Business Day immediately preceding such Purchase Date for such Regular Purchase (in each case, to be appropriately proportionately adjusted for any reorganization, recapitalization, non-cash dividend, stock split or other similar transaction that occurs on or after the date of this Agreement).