Elite Pharmaceuticals Inc (ELTP)

[julesnemo3]

Excellent, insightful questions, which I believe are tied a post I made about 3 years ago. ELTP longs may recall when I made reference to the 40 million shares traded as an outlier day. They snagged on one day more shares of ELTP than even I own. LOL.

Does anyone think that the game that is being played with ELTP a game about pennies? Love the poison pill to this day. LOL

No hurries.

(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?