Elite Pharmaceuticals Inc (ELTP): Because traditional money wont touch Eli...

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Elite Pharmaceuticals Inc (ELTP)

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Re: lostatsea post# 340167

Thursday, 07/30/2020 12:11:32 PM

Thursday, July 30, 2020 12:11:32 PM

Because traditional money wont touch Elite, thats why Elite opts to take very dilutive capital that will also impact its share price negatively.

Why? Because an effective S-3 registration statement effectively allows LPC to act as a conduit for Elite to sell shares into the ELTP market to raise capital

Why did Elite go this route? Has the death spiral begun?

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