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Replies to post #332254 on Elite Pharmaceuticals Inc (ELTP)
namtae
05/04/20 9:50 AM
#332255 RE: rrr2003 #332254
Based on the current conversion price, the Series J Preferred is convertible into 158,017,321 shares of common stock. The conversion price is subject to the following adjustments: (i) stock dividends and splits, (ii) sale or grant of shares below the conversion price, (iii) pro rata distributions; or (iv) fundamental changes (merger, consolidation, or sale of all or substantially all assets).