Elite Pharmaceuticals Inc (ELTP)

[WeeZuhl]

For all those who ask to remove Nasrat as CEO I say you do not know what you are talking about.

This company would have been bankrupt without Nasrat.

We are responsible to buy more shares when we see great results. Not him.

He delivered. Being profitable. Having growth. But We did not. We sold instead of buying.

What an asinine take. I can count on three fingers the number of investors who are asking to remove Nasrat as CEO, and anybody who smartly sold their shares is long gone from this board. Nasrat wasted hundreds of millions of shares on bunk projects that did nothing to prevent bankruptcy. The CEO has a fiduciary responsibility to shareholders, not vice versa.

For God's sake, it was the shareholders who saved this company from bankruptcy by tolerating a 4X dilution in our position while the CEO "delivered" a lower share price and empty pipeline. The CEO privately co-owns the only two assets that produce any significant revenue, while he continuously, repeatedly sticks the shareholders with underperforming ANDA's at overinflated prices in borderline-corrupt non-arm's length deals. A brand new investor who has enjoyed all the benefits of a growth market over the last few years can now acquire my exact same position for half the price that I did over eight years of acquiring & holding ELTP shares.

Seriously, I really mean it. This post is the dumbest thing I've ever read on this board. and that's an accomplishment.