Elite Pharmaceuticals Inc (ELTP)

[Lazarus Elite]

Apologies, but my stance is still relatively the same. 13g vs 13d filing requirements. The point I was trying to make is that I feel that people who are playing this game would potentially work in parallel with others, hover just below the radar, and then do a single consolidation to delay reporting. Example, 4 parties each acquire 4.8% of the company. Party A, purchases party B, C, and D out. Party A executes some type of a debenture with a conversion option. Party A files a 13D stating they own 20% of the company, but it's a surprise to the market because there was no 5% filing. Party A pursues a buyout price of the other 80% of the company at an above market price, but a net savings to them based on the other shares purchased. Mostly likely, Parties B, C, and D, would then convert the debenture into shares of the acquired company.