(1) Why did Adam Usdan attempt a hostile takeover of Elite in 2009? Was it to take over the ELI-216 technology or to stop it from ever going commercial? (2) What was Adam Usdan reaction when Jerry Treppel and Chris Dick thwarted the hostile takeover by forming a partnership with Epic? (3) Did Adam Usdan act alone or was he partnered with others in the hostile acts against Elite? (4) Was Trellus part of a cohort that Shorted Elite’s PPS from dollars to pennies and thereby prevented Elite from raising monies to support the ELI-216 phase III trials? (5) Why did Adam Usdan divide the remaining 10% ownership of 18.9 mil into 4 ownerships so that each was less than 5% and therefore did not require Form 4 filings?
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