Elite Pharmaceuticals Inc (ELTP)

[littlerhody]

Tripping on the pebbles, a favorite ELTP CEO pastime. We will eventually hear what really went down with this deal. In my opinion, HN had what he thought was a deal with SunGen's Ceo to take their 50% with ElTP shares. All good, except SunGen's BOD said not so fast. We do not want OTC shares, we require cash. HN went back to his folks and was told the needed cash would place a financial burden on ELTP and not to do the cash deal. HN was now between a rock and a hard place, ELTP could not do a deal but SunGen was selling their 50% come hell or high water. Obviously, HN did not want an unknown as an equal partner and was placed in a position that he had to do a deal to maintain control. Fastest and most expedient method was to step in and have Mikah do the deal. This was to put out the fire until HN had time to move the rest of his chess pieces. Short term you can scratch your head but long term I believe he has a solid strategy to bring this asset back 100% under the ELTP umbrella.
One person's theory.