Elite Pharmaceuticals Inc (ELTP): I am thrilled Elite cleaned up the books...

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Elite Pharmaceuticals Inc (ELTP)

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Tuesday, 07/02/2024 5:08:07 PM

Tuesday, July 02, 2024 5:08:07 PM

I am thrilled Elite cleaned up the books and issued those 50M shares to the CEO, those shares were on last year’s 2022 10K as owed but not issued. The 50M shares also generated a loss each quarter for the last year due to the stock price increasing each quarter. Change in fair value of stock-based liabilities is driven by stock price from the quarter at the beginning period vs the price at the end of the quarterly period … see page 49. Per the report fair value of stock-based liabilities in 2024 showed a loss of (5,743,468) but 2023 showed 0. If the stock price increased each quarter, it generated a loss but in the prior years when quarterly stock price decreased it would generate income; for example, 2023 was zero.
You have the same issue with the outstanding warrants, but they will stay on the books until the CEO executes the warrants.

Happy 4th of July

Bullish

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Recent ELTP News

Form 8-K - Current report • Edgar (US Regulatory) • 06/05/2024 08:07:15 PM
Form 8-K - Current report • Edgar (US Regulatory) • 05/20/2024 08:30:31 PM
Form 8-K - Current report • Edgar (US Regulatory) • 02/14/2024 09:55:26 PM
Form 4 - Statement of changes in beneficial ownership of securities • Edgar (US Regulatory) • 12/29/2023 07:21:28 PM
Form 8-K - Current report • Edgar (US Regulatory) • 12/26/2023 09:20:29 PM
Form 8-K - Current report • Edgar (US Regulatory) • 12/12/2023 09:20:20 PM
Form 4 - Statement of changes in beneficial ownership of securities • Edgar (US Regulatory) • 11/28/2023 12:05:38 AM
Form 4 - Statement of changes in beneficial ownership of securities • Edgar (US Regulatory) • 11/27/2023 11:58:46 PM
Form 4 - Statement of changes in beneficial ownership of securities • Edgar (US Regulatory) • 11/27/2023 11:50:54 PM
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Form 8-K - Current report • Edgar (US Regulatory) • 09/25/2023 08:15:15 PM
Form 8-K - Current report • Edgar (US Regulatory) • 09/07/2023 08:05:25 PM
Form 8-K - Current report • Edgar (US Regulatory) • 08/14/2023 09:30:05 PM
Form 10-K/A - Annual report [Section 13 and 15(d), not S-K Item 405]: [Amend] • Edgar (US Regulatory) • 07/31/2023 08:20:27 PM

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