Replies to post #243571 on Elite Pharmaceuticals Inc (ELTP)

[dr_lowenstein]

who said anything about a R/S?? I think even that desperation move is futile now.

[jour_trader]

By diluting to 1B shares Nasrat is basically selling 10% of the company for $10M. If he goes that route he is desperate beyond measure. There is no logical reason why he would do this unless he holds little value in the near term success, liquidity & value creation.