All shareholders getting massively diluted except nasrat, who exchanged his 150m shares of common for preferred & warrants that probably now convert into 300m plus shares.. great deal for nasrat & only nasrat but for what??
Sequests REJECTION?
Unremedied FDA WARNING LETTER?
New CRLs??
60% collapse in manufacturing revenues?
Gee, what is the secret deal with this BODs? Theres apparently no corporate governance or concern for shareholders at Elite other than for its failure of a CEO.. in which case the board is a rubber stamp for whatever he grabs...
Oh, Elite also owes nasrat $1.2m for that junk Mikah unloaded
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