Elite Pharmaceuticals Inc (ELTP)

[HGiLS]

Just want to mention that the maximum number of shares the warrants can be translated to is 4.99% of the float or about 53.2 Million shares.

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Assuming the 79 million warrants originate solely from the 2017 Series J conversion, they pose a dilution risk if exercised, given the attractive $0.1521 exercise price versus the $0.409 stock price. However, ownership limits, potential shareholder approval delays, and ELTP’s strong financials (e.g., $32 million working capital surplus) mitigate concerns. Ward’s emphasis on non-cash liabilities and operational strength suggests investors should focus on ELTP’s growth trajectory, though vigilance on warrant developments is advised.