Elite Pharmaceuticals Inc (ELTP)

[no2koolaid]

Im not gonna stand for what the CEO & Mikah are getting away with anymore. You might! But I'm not!!

Its time to take action!!

Okay, I'm excited...By all means, please let Elite's investor's know the litany of issues that will be resolved! I will wait for the list with great anticipation. I bet most investors are not even aware of all the things Elite is getting away with. This will be instructive...but...

Make sure to avoid that erroneous report of Elite Pharma of New Jersey being "listed on the Frankfurt Exchange" as it has been determined to be inaccurate.

Also, please do not worry about the concerns expressed that Elite would never get any FDA approvals. It was an interesting sound bite, but they have approvals. And about that Elite would never be profitable...a great sound bite, but once again, they are profitable...net profit no less! So forget about that as well. Oh, about being a poorly managed company? How does a poorly managed company remain unaffected by covid, increase its revenues to an all-time high and improve its profit margins?There must be some shenanigans to explain that. I bet they are lying on their SEC documents...wait...that would be illegal. Okay, forget about that unless there is evidence. I bet there is evidence and the auditors have been lying.

Then we want to know the stuff about Elite lying about the valuation analysis they claim was done in 2013. That was a whopper for sure...except that a valuation analysis is required for a poison pill and they have an SEC document that shows it was submitted. Still, I am sure there is an answer that fits the narrative we expect to see.

What I want to know is any malfeasance by Elite that is responsible for it being the only company on the OTC with an all-time high in revenues, increasing profitability and a shrinking share price. It just has to be Nasrat's fault. I want the facts that refute the allegations the share price is being manipulated by people trying to BK Elite by shrinking its share price lower than the basement for utilizing LPC to help fund the company. That really has to be nonsense. After all, Elite can now fund their business and does not need to bother with dilution. Now that I think about it, I bet Nasrat got them to profitability just so his shares would not be diluted. That's it! Just another self-serving effort on his part.

Speaking of self-serving, what about Mikah buying SunGen's share of IR & XR? I just know that Elite's business would have been better in the hands of another competitor. Oh wait, the law prevents Mikah from competing with Elite. Still, another firm would have benefited Elite's investors because it could have threatened to terminate the distribution agreement with LCI to keep Elite in line, as the other company would have had the ability to terminate the LCI contract just as SunGen, ELTP and LCI can. That would have shown Elite... wait, that does not sound like a good thing for Elite investors. So, there must be another answer and we cannot let Nasrat get away with...with...with...? What is he getting away with? I mean, he is the largest shareholder...but, it's best not to let facts get in the way of a good narrative.

Finally, we are interested in what real business issues will be addressed? Will the list be shown to this board for input? When will it will be presented to Elite? I am just so happy someone is trying to right the factual wrongs...just remind me, what factual wrongs exactly?