Elite Pharmaceuticals Inc (ELTP)

[julesnemo3]

ELTP probably had buyout/partnership offer already, imo about 2 years ago. The offer was probably too low, and was the probably the reason that Nasrat Hakim implemented the "poison pill" aka shareholders protective agreement. jmo. That agreement covers long ELTP shareholders of that date, by preventing a hostile takeover. It also makes multi-millionaires of many shareholders, if there is a hostile take over attempt and the agreement is implemented. Nasrat Hakim with his experience as both lawyer and pharmaceutical executive, is a very valuable asset to shareholders. Thanks Nasrat! .... I already have money but many millions of dollars additional would be kind of nice for this shareholder LOL. He has enough money coming into the company now to develop 3 or 4 of the abuse resistant products in house and assure that the huge value of developed abuse resistant products are shareholder benefits (per last shareholders conference call). No hurries and no worries. Kind of smart to keep control of the parented naltrexone/opioid modular abuse resistant products in house at ELTP.
Outstandingly good for shareholders that Nasrat Hakim is a smart lawyer and hires really great specialist professionals. see attached link.

http://m.seekingalpha.com/article/2859876-elite-pharmaceuticals-is-well-positioned-to-address-7b-abuse-deterrent-opioid-market?source=email_rt_article_readmore&app=1&auth_param=eb8ok:1ackc3v:052decadd22b51bfc97d5e2a02cc59bc&uprof=51p

And...ELTP bought a new 1000 Kilo Fluid Bed Dryer..... which should make all shareholders smile when they figure out just how cool that is.

Good fortune to all ELTP longs. Pennies to dollars.