Elite Pharmaceuticals Inc (ELTP): They were the conversion of warrants by...

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Re: DR Ryan post# 49729

Wednesday, 03/27/2013 9:40:16 PM

Wednesday, March 27, 2013 9:40:16 PM

They were the conversion of warrants by Ram Potti, Jeenarine Narine, and Ashok Nigalaye. This was done on Monday and reported today. Between the three they acquired about 8.5 Million shares. These are Epic insiders that are also Elite insiders that are converting their shares. I believe this is all pre approved compensation for these board members.

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