Replies to post #330822 on Elite Pharmaceuticals Inc (ELTP)

[DR Ryan]

Any additional funds will be used to purchase additional ANDA's and on further trials. As said before, Nasrat owns too many shares to cash out in any way other than a buyout or a merger with a much larger company.

Doing a share buyback or a RS doesn't do anything. Follow the $, his conversion can take place at the end of this month.

[IB_]

He should but I feel sure he will not ………….. I think he will spend it on something else that ELTP will likely not produce

IB_