Elite Pharmaceuticals Inc (ELTP)

[jgsnys]

If it is in fact the case that Jason M. LePree from Rutgers was previously hired by Elite and no mention of that fact was made in the current announcement, then, while some may see this as a somewhat desperate attempt to show that action is being taken to
move the company out of "it's current rut" (an 8 year rut), this action is about as expected in that while undoubtedly signalling "desperation", it involves no actual "W.O.R.K", and amounts to a poor sort of "sleight of management".

I guess we will just have to "wait and see" what the market thinks
of Jason from Rutgers and his current involvement with Elite. . . If any.