Replies to post #253455 on Elite Pharmaceuticals Inc (ELTP)

[62bluejay]

Weez

If it doesn't add any more shares to the O/S then does it really matter who you buy the shares from??

If I buy the shares LPC sells me or if it's just the regular O/S...

[pte]

WeeZ, please correct me if I'm wrong. As of now the O/S have been reduced by the number of common shares Nasrat has given up. This would be reflected as such on the balance sheet. At the same time the float remains the same until shares out of treasury are put to Lincoln regardless of whether they hold them or flip them. True dilution from a market stand point only takes place when Lincoln receives shares which increases the float.

Do you agree?

[John_Langston]

LPC cannot *HOLD* more than 4.99% of 995M at any any single point in time. Since they churn the shares as they get them, they do not *HOLD* many shares at all, never anywhere close to 5%.

OTC trading 101 but thanks for the refreasher course.