Elite Pharmaceuticals Inc (ELTP)

[rrr2003]

Oh. . .he said a lot more than that LOL

He simply said it has never been discussed.

https://seekingalpha.com/article/4450197-elite-pharmaceuticals-inc-eltp-ceo-narsat-hakim-on-q1-2022-results-earnings-call-transcript?mail_subject=eltp-elite-pharmaceuticals-inc-eltp-ceo-narsat-hakim-on-q1-2022-results-earnings-call-transcript&utm_campaign=rta-stock-article&utm_content=link-0&utm_medium=email&utm_source=seeking_alpha

"A number of shareholders are now worried that your strategy has now pivoted from your original goal to list Elite on NASDAQ to taking Elite private. Perhaps this is crazy speculation?

Yes, it is. That said, shareholder discussion centers around your controlling interest of both Elite and Mikah and that by taking Elite private you could then merge both companies and sell both companies as one entity, leaving shareholders with nothing. If this is a crazy question Marc, please tell us on Tuesday's conference call. This is not crazy, this past crazy a few miles ago and got into the insane sort of fire proportion.

I enjoy as much as the next guy reading about conspiracy theories and fake news and all of that, but this is silly. So let me officially and unequivocally state. Taking Elite private has not been discussed at all, ever, by me, by the Board of Directors, by Dianne, by Marc, by Chris, by anybody at Elite. As a Public Company, Elite would be required to go through an extensive process to go private"