Elite Pharmaceuticals Inc (ELTP): I am not questioning the payment back to...

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Elite Pharmaceuticals Inc (ELTP)

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Re: Couch post# 221554

Saturday, 08/13/2016 8:02:38 AM

Saturday, August 13, 2016 8:02:38 AM

I am not questioning the payment back to Nasrat, but the timing of the payment in that ge delevered before SequestOx was approved - shareholders get ripped, but he is made whole.

In addition, it has been requested to prove another OTC company that has lent their company $1M unsecured. Done that. Case closed. It can quit being asked. Do you not think Nasrat has made his millions in paper with all the shares he has been given? It is quite evident that he has.

Logically, I can imagine loans from CEOs at tiny companies being rather common in private enterprise due to banks being extremely risk averse mixed with a CEO's typical clouded cocky attitude.

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