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Elite Pharmaceuticals, Inc. Message Board

  • meifud meifud May 18, 2013 12:14 PM Flag

    why elite does not have access to 10 million dollars

    Lincoln cannot own 10% or more of the outstanding stock,

    they are already getting about 5.7 million shares free as a signing bonus, so that only leaves room for about 30 million more shares at these prices which means elite will bet less than $2.5 million

    and that money, arriving at the rate of $160k per week will be be consumed repaying the loan from the ceo in july (plus 10% interest) and making overdue principal payments on the njeda loan in september

 
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