Elite Pharmaceuticals Inc (ELTP): On August 24, 2020, Hakim converted his...

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Elite Pharmaceuticals Inc (ELTP)

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Re: DR Ryan post# 362388

Saturday, 11/20/2021 8:59:56 AM

Saturday, November 20, 2021 8:59:56 AM

On August 24, 2020, Hakim converted his 24.0344 shares of Series J Preferred into 158,017,321 shares of Common Stock at a conversion price of $0.1521 per share.

Is this why Nasrat said no reverse split until the stock is a minimum .15 to .25 on the August CC?

Explain legally why this would matter.....or doesn't it matter and Nasrat just wants a higher pps before reverse.

Didn't the last Nasrat conversion shares have a price of .15? Just wondering. ;)

MAKE ELITE GREAT AGAIN!

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