Elite Pharmaceuticals Inc (ELTP)

[jgsnys]

The hard truth of the matter is 300,000,000 x $.05 = $1,500,000.
What Nasrat has been doing can only be called "running the company" in the context of "running the company into the ground". Had Nasrat never arrived, the company might very well have recovered from the FDA phentermine ban, continued to grow as a contract-manufacturer, gotten the stock price above $.40 in less than a year, and never looked back. The Gospel According to Nasrat has as it's beginning, middle, and end, "The share price is unimportant!". The CEO's imagination is severely misplaced. He sets a very poor example.
Anyone unfortunate enough to be like Nasrat Hakim would gladly receive one-and-a-half-million dollars instead of the severe comeuppance they deserve. The only reason for Nasrat to continue as CEO is in the hope of fleecing shareholders even more.