Elite Pharmaceuticals Inc (ELTP): After Lannett arises from bk reorganizat...

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Elite Pharmaceuticals Inc (ELTP)

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Re: sharkey1 post# 379991

Tuesday, 05/02/2023 12:33:40 PM

Tuesday, May 02, 2023 12:33:40 PM

After Lannett arises from bk reorganization, it will be listed under a new name and symbol and the shareholders will be the creditors who exchanged half a billion in debt for common shares. Present shareholders will not own any shares in the new company unless they buy it on the open market when it is finally relisted.

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