Elite Pharmaceuticals Inc (ELTP)

[WeeZuhl]

Mikah holds half ownership of Adderall IR & ER. If/when Hakim decides he wants shares for those properties, then that number would dwarf the previous 140M (shares).

I think Nasrat Hakim could go a long way toward re-establishing his credibility with shareholders by the way he handles the Adderall ownership issue. Step one is to be a lot more forthright than he was with the original ANDA's and then again with trimipramine. Besides how much he paid, another important question is who financed the deal. Who else owns a piece? Mikah may be a private company, but its owner is the CEO of a public one. If he continues down the path of secretive self-dealing, it is a bad sign for us and a bad sign for the company. And if he just keeps kicking the can down the road without doing anything, well, we know what that means, too.