Elite Pharmaceuticals Inc (ELTP)

[richme]

"What is the name of the firm that completed the valuation and, given the events of the past three months, why are you confident the valuation remains accurate?

Nasrat would not reveal who performed the valuation. He stands by the valuation done and has nothing to hide. But wants to protect the valuation company from unnecessary phone calls/contact which might potentially jeopardize its relationship with ELTP."

Has nothing to hide except public scrutiny of the company that did the evaluation and possibly the metrics and standards that were used in the validation study. Nasrat just doesn't get it; one doesn't go out throwing values on a trust me basis; this goes beyond hyping and potentially misleading investors, intended or not. Unless the industry standard is that all valuation studies are conducted in secret protecting the validation company from inquiring minds is a bunch of bullshit and I hope Nasrat reads this.