Elite Pharmaceuticals Inc (ELTP)

[WeeZuhl]

I wonder if those who blame the CEO for the lack of stock upward movement will applaud him when the stock starts hitting new highs and/or is bought out.

I wonder if those who applaud the CEO despite the lack of stock upward movement will blame him when he takes it private for 2 cents per share or when the eventual buyout reveals that he owns 99% of the pie.

The nice thing about a low volume stock is that it can make parabolic moves when there is interest and volume.

If not for the management of Nasrat Hakim, this stock would be on the parabola right now. Every time Charlie Brown tries to kick the football, Lucy Hakim pulls the ball away. Remember, if the stock price goes up to 10 cents per share, then Nasrat Hakim takes home half as many shares. If the share price falls to 2.5 cents, then he takes home twice as many. With the Lincoln Park floor set at 3 cents, at least in the short to mid term timeframe, look for further deterioration in share price with a resulting acceleration of Nasrat's accumulation of ownership.


Who can answer: how many shares does Nasrat currently own, including all deferred payments to him and to Mikah, including Series J warrants? Why is the company not issuing these shares in a timely fashion? Why are they not reporting his true ownership percentage to the SEC? What's the big secret?