Elite Pharmaceuticals Inc (ELTP)

[WeeZuhl]

enough is enough of this historical crap...its over & done with...

It started on day #1 with a 10 million promissory note for 13 low-volume generics, and it never stopped. Extravagant interest rates, free warrants for share conversions, lots of secret, self-dealing with Mikah. It continues to this day, including the corporate theft of our extremely valuable assets in the form of opioid ANDAS. Now he is using control of Adderall ANDAS to once again fleece the shareholders and extract even more personal wealth from the company.


Nasrat is the reason this stock will not increase in price. Does everyone remember how volatile this stock used to be? It was actually fun to own and watch, but now it's just a bloated pig slowly sinking lower in the mud. 500 million shares wasted on half-baked ADF efforts and opioid ANDAS, without a penny of income to show for it. It is not a mystery why the PPS no longer does anything but grind down. Nasrat's shiny new LPC dilution machine (with a 3 cent floor!!) will not help this.


It is no longer possible to believe that if Nasrat does well then I will do well. The failure of this company is not entirely due to Nasrat's miserable leadership skills. It is also the result of his unethical extraction of personal wealth for himself and his pharma bros through constant self-dealing with Mikah. It is time to expect better from Elite management, and that includes all the company officers and board members. They all have an obligation to prevent malfeasance, and it is time for them to wake up.