Elite Pharmaceuticals Inc (ELTP): Most of those shares are there to be pur...

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Elite Pharmaceuticals Inc (ELTP)

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Re: senderos post# 9713

Friday, 10/07/2011 9:06:30 AM

Friday, October 07, 2011 9:06:30 AM

Most of those shares are there to be purchased by Epic not sold on the open market. Epic is going to basically own th is company if they want. You think Epic is going to buy them and try to sell 200m shares on the open market? The proxy is to authorize the os increase to be able to cover what is already ccounted for.

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