Replies to post #247848 on Elite Pharmaceuticals Inc (ELTP)

[John_Langston]

That would be absolutely ludicrous for a public company to allow share count visibility to that level

All TAs on the OTC will share the SS numbers. Some will share them until the company gags them.

[namtae]

How about some reality?

Providing current share counts isn't revealing the "timing" of any specific issuances as they don't itemize who the new issuances were made to, they just provide the share count number.

So when shares increase by 700,000, all you get is the number and nothing else. It could have been a private placement, it could have been a warrant exercise, it could be consulting shares , it could be conversion of debt, it could be ELOC like LP etc

There are many reasons share counts can increase and knowing the current share count isn't a tip off in any way as to identifying the reason behind it

Regarding the industry norm with Transfer Agents, if the issuer (Elite) authorizes them to provide current share counts, they will. Elite refuses to do so, ergo GAGGED

[Couch]

No. That would be absolutely ludicrous for a public company to allow share count visibility to that level - which would show timing of 105b-1 buybacks, repurchases during windows & blackout periods, etc. No public company does that. That is the accepted standard. I'd be interested in just one company that allows intra-quarter share count insights. The TA would ask for a client ID that ONLY CFO & IR would know. That is the norm. They may provide insight as of the most recent Q, but not intra-quarter.

Gee and here Dianne has said the DA isn't gagged. Looks to me this backs her up. Thanks for the info.