Elite Pharmaceuticals Inc (ELTP)

[lostatsea]

I have to say, this hire doesn't make me giddy of the near future. In my opinion, this hire doesn't bode well for either a buyout or up-listing. Seems as though he may be a place holder - for what I don't know. I have no knowledge of the hire's skills and experience, but people often have a belief that a controller and CFO are interchangeable - they're not. A good controller, not a good CFO necessarily make.

It was notable that the PR didn't make any mention as to any particular expectations from this new hire; like noting relevant experience in potential up-listing and/or in acquisitions/mergers.

I guess we'll be waiting another five-years before seeing a share price increases.