Elite Pharmaceuticals Inc (ELTP)

[jour_trader]

We'll know more in time, but the whole situation honestly potentially seems a bit slimy. I think Nasrat, as he should, has kept in touch with Activis contacts. We pay for expertise & network. Elite bought the generics from Mikah when he came on board. Mikah already had those generics. Now that Nasrat has been with Elite for several years and for him to pursue another potential deal for Mikah to sell to Elite reeks of a conflict of interest. I hope this is not the case, but something doesn't pass the smell test here. Where is his time being allocated as Elite's CEO? Working on lining his own pockets first.