Elite Pharmaceuticals Inc (ELTP): I don't like the statement below tha...

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Elite Pharmaceuticals Inc (ELTP)

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Re: IB_ post# 328616

Sunday, 02/16/2020 5:57:16 PM

Sunday, February 16, 2020 5:57:16 PM

I don't like the statement below that Nasrat made in the last CC.

It's a slap in the face to shareholders.

Elite has not made any progress since he took over.

Why? Because we are a publicly traded company, not private.

If we were private then he may have a case.

Nasrat, 13 November 2019:

-- "Looking back, Elite has made tremendous progress since I took over. The facility has expanded and improved. We have added personnel that deepened our understanding and experience and expertise in manufacturing, regulatory, pharmacovigilance, quality and analytical. While doing this, Elite has been developing and filing new products, which has led to the revenue growth that you heard about today."

"Most people get interested in stocks when everyone else is. The time to get interested is when no one else is. You can't buy what is popular and do well." - Warren Buffett

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