Elite Pharmaceuticals Inc (ELTP)

[DR Ryan]

What's pretty much the only way Nasrat can cash out his 25% ownership in Elite? Via merger or a buyout. What was mentioned in the last conference call? Hmmm, let's take a gander:

We are profitable and targeting sustained profitability. We have $75 million in federal tax credit, meaning that the first $75 million that we earn we don't pay taxes on. We have very little debt. If you look at our debt-to-market cap, we're running at about 7%, if you look at Teva, they're running at 200%. Our profitability and Lincoln Park deal are critical factors and our investing in R&D. The list I just went through is our vehicle to NASDAQ, makes us very appealing for somebody to buy us out or for us to merge with another company's sales and marketing or of the sort and continue. The news has been fantastic in spite of the stock has not moved in the past, I have -- I have no remedy for that, I don't have the magic wand for me to get the stock up, all I have is our hard work, continuing to get the best deal for Elite, to ensure that we will get to where we're going.

Am I screaming that Elite is getting bought out tomorrow, or that it's a sure thing? No, only suggesting it as a way for him to sell. He's no dummy. With 250 million shares why isn't Nasrat doing everything he can to get the shareprice up? Because he knows the end game.