Elite Pharmaceuticals Inc (ELTP)

[Just give me $1.50]

We're merging with a Nasdaq company and the CEO of that Nasdaq company will remain CEO.

Nasrat will move to a member of the board of directors of that company and/or some other role with that company.

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...