Replies to post #239078 on Elite Pharmaceuticals Inc (ELTP)

[WeeZuhl]

So what? And also, no.

Those shares are registered shares and marked accordingly. None of those shares can be sold until de-registered approval is given by the $ELTP BOD. This act is a Material Event and requires a SEC filing by $ELTP BOD. De-registering of Restricted shares has previously been discussed on this MB.

First, what does this have to do with my post? I didn't say Nasrat was selling his shares. I said he converted his Preferred to Common in order to protect his Epic buddies so THEY can convert warrants and sell shares without public reporting.

Second, this is not true. Nasrat's common shares are unrestricted and he can sell 100% of his shares any time he wants. He will not sell any, of course, because of the huge sell-off it will trigger upon SEC report. But he has no other restrictions on his shares, besides common sense. Show a link which proves any of his shares are restricted in any way.

[namtae]

100% WRONG

The BOD has nothing to do with removal of restrictive Legend. Furthermore, it is not a material event

All Nasrat needs to do is receive legal opinion and instructions Transfer Agent to remove the restrictive Legend

Can't figure where all this other BS is coming 8ng from. Lol