Elite Pharmaceuticals Inc (ELTP): The poison pill is a placebo....

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Elite Pharmaceuticals Inc (ELTP)

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Re: WeeZuhl post# 357849

Thursday, 06/17/2021 12:25:50 PM

Thursday, June 17, 2021 12:25:50 PM

The poison pill is a placebo.

https://investorshub.advfn.com/boards/read_msg.aspx?message_id=162966042

First of all, the so-called poison pill only applies to shareholders of record on 11/15/13, so a vast majority of currently outstanding shares are not covered by the poison pill, including most of Nasrat's shares. The poison pill no longer has the teeth to do anything at this point. But beyond that, the poison pill was only designed to fend off a hostile takeover. It must be triggered by the BOD, so citing the poison pill as a reason not to worry about an insider takeover by the CEO is, frankly, dumb.

Occam's razor: the simplest solution is most likely the right one.

Hanlon's razor: never attribute to malice that which is adequately explained by stupidity.

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