Elite Pharmaceuticals Inc (ELTP)

[YJ4LIFE]

Great post again, sir!!!

THIS NOTE RESPONDS TO ANOTHER OF THE MANY MISAPPREHENSIONS OF REALITY. IT IS CAPITALIZED SO IT DOES NOT GET LOST IN READING THE POST…

THERE WAS NO LOAN FROM LPC FOR MIKAH TO DO THE ASSET ACQUISITION FROM SUNGEN…ONLY ELITE AS A COMPANY (NOT ITS CEO) WAS ABLE TO TAP INTO THE LPC FUNDING SOURCE. AND, EVEN ELITE COULD NOT DO THAT BECAUSE THE AGREEMENT SPECIFIES A TEN CENT MINIMUM P/S. AS WE KNOW AND, FOR THOSE WONDERING ABOUT THE PURPOSE OF P/S MANIPULATION, THE P/S HAS BEEN JUST BELOW THAT. OBTW: ONCE HUNAN JINGFENG (SUNGEN’S PARENT COMPANY) REJECTED THE STOCK OFFER AND ELITE COULD NOT ACCESS THE LPC FUNDING SOURCE TO COMPLETE THE SUNGEN ASSET ACQUISITION, THAT IS WHY NASRAT’S MOVE WITH MIKAH WAS A SPOT ON DECISION AND WILL ENABLE ELITE TO REALIZE THE SUCCESS THAT SHAREHOLDERS HAVE LONG BEEN WAITING FOR.

Simple, really...if you understand the business world...and I do.

So do I. Thank you for your post!!!