Elite Pharmaceuticals Inc (ELTP)

[WeeZuhl]

Well, your scenario is possible and would be real savage, but I think Nasrat have higher moral standards than that.
I went to the shareholder meeting couple years ago, saw him in person and let me tell you that Nasrat can distinguish between right and wrong. My personal believe is that Nasrat will do the right thing. Also, my estimate is 3 years till everybody is happy.

I appreciate the sincerity of your response. In my experience, a person's actions are a more reliable indicator than their words or appearance. As a co-shareholder since that time, I would remind everyone that the meeting was more than a "couple years ago." The meeting was in May 2014, nearly seven years ago. Here's what he said in the following PR:

"As steward of our Company, my primary focus is to achieve long-term company growth through prudent execution of strong and effective business strategies. With the support we have received from our shareholders, we are now in a position to continue with the execution of the business strategies we have in place," said Nasrat Hakim, Elite's President and CEO.

No matter his motivation, after seven years, he has fundamentally failed at his primary objective.