Elite Pharmaceuticals Inc (ELTP): No specific sales numbers for trimiprami...

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Elite Pharmaceuticals Inc (ELTP)

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Re: WeeZuhl post# 339284

Wednesday, 07/22/2020 10:45:03 AM

Wednesday, July 22, 2020 10:45:03 AM

No specific sales numbers for trimipramine

Why does it matter? Mikah purchased trimipramine ANDA 077361 from Allergan in August 2016 as a part of a huge divestiture for Actavis merger. The price Mikah paid in August 2016 is unknown. Elite paid Mikah $1.2M just 8 months later through an undisclosed Promissory Note. How'd we do? Why wasn't Elite involved in the original deal? Why was a distribution agreement negotiated between Mikah and Dr. Reddy literally a few days before the sale to Elite?

This is an example of how Nasrat does himself and shareholders a disservice by withholding information that could easily overcome the APPEARANCE OF IMPROPRIETY. It is time to demand better from Elite management.

Occam's razor: the simplest solution is most likely the right one.

Hanlon's razor: never attribute to malice that which is adequately explained by stupidity.

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