Replies to post #93071 on Elite Pharmaceuticals Inc (ELTP)

[imse82]

I think that's only what he just got not everything he owns.

[BuddyGuise]

He also has $600,000 worth of series "I" preferred shares convertible to common.

[BuddyGuise]

No worries YJ4LIFE, our CEO Nasrat Hakim owns 156,571,284 shares, and insiders in total comprise over 47% of the float. So in other words, our actual in circulation float is a little over 250 mm shares, can you say low float? Plus, I bet the with the action we've seen over the past two months, we have more than two institutional investors on board. We are in good hands.