Elite Pharmaceuticals Inc (ELTP): From the 8K today. LCI cautions that tr...

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Elite Pharmaceuticals Inc (ELTP)

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Tuesday, 05/02/2023 11:53:02 AM

Tuesday, May 02, 2023 11:53:02 AM

From the 8K today.
LCI cautions that trading in its securities now and during the pendency of the Chapter 11 Cases is and will be highly speculative and poses substantial risks.
Trading prices for these securities may bear little or no relationship to the actual recovery, if any, by the holders in the Chapter 11 Cases. LCI expects, based on
the agreed upon terms in the Restructuring Support Agreement, that its stockholders and other equity holders will experience a complete loss on their
investment.

You just know the lawyers are lining up for the Class Actions, they love this stuff
circling like vultures.

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Recent ELTP News

Form 8-K - Current report • Edgar (US Regulatory) • 06/05/2024 08:07:15 PM
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