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Re: Couch post# 21580

Tuesday, 07/17/2012 1:09:57 AM

Tuesday, July 17, 2012 1:09:57 AM

Post# of 445792
More specifically my comments addressed the possibility that Elite's funds for Phase 3 would come from a Socius type deal; if I recall the Socius deal would add about 70M common shares. Thus my comments suggested that if Elite continues issuing shares it would be dilutive and in time could lead to a reverse split. It was no more or no less but it got out of hand in the response stage. Now if I had written that Elite or ELTP's PPS would in some way head for the sky that would have been very positive or at least judging from past posts on this board. Hope that helps.
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