Elite Pharmaceuticals Inc (ELTP)

[no2koolaid]

I believe there is a need for context...

Let's be clear when Nasrat said this

In the future, when most companies release their earnings calls, so only the Chief Financial Officer, will give an update. I always take the opportunity to update you guys on other things that are happening in the company. And once we get to a major stock exchange that will probably stop.

Although the CFO is there to provide the financials and the head of ops or marketing or legal might be on the call to discuss some specifically related issues, it remains that the CEO is expected to be there because he is the person who decides the direction of the company and nothing should happen without his consent. So with that, as CEO, Nasrat would be expected to be on any and all calls. Analysts would demand it. Everyone with me so far? Of course.

Q: So why would Nasrat say that he would not be on the calls?

A: If he was not CEO of the company presenting!!!!

And, the mystery deepens...