Yes Elite doesn't have enough shares to cover NH & JT's shares at the moment let alone put $40 million dollars worth of shares to LPC at whatever that PPS would be.
Here's the piece we all need to understand. Until Elite authorizes those additional shares- there is no LPC deal. It will be dead in the water. Make sense?
Yes Proxy Vote authorizing A/S increase includes $ELTP shares for the $40 mil LPC Financial Partnership. ALL DD Longs and shareholders are urged to vote YES and to vote as soon as the Proxy is received.