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The ELTP King

04/17/20 11:11 PM

#331556 RE: Chasing #331554

You realize this was just discussed today, right? And this was BEFORE we knew of today's filing.

--- "So, at the earliest, the conversion only became possible in April 2019. However, at that time and not until December 2019 with the shareholder approval of the increase in authorized shares did Elite have the ability to execute the conversion. Since preferred shares are considered debt, that is largely why we saw the auditor’s going concern (a condition that will be eliminated with the next annual report)."

https://investorshub.advfn.com/boards/read_msg.aspx?message_id=155092383


The ELTP King

04/17/20 11:18 PM

#331557 RE: Chasing #331554

Are there any examples out there on the entire planet where you've heard of a company having to REDO their shareholder meeting.

Nasrat needs to announce his resignation......................IMMEDIATELY.