Elite Pharmaceuticals Inc (ELTP)

[no2koolaid]

Since I do not wish to be accused of taking someone's idea, let me be the first to point out the thing we did not hear that he was assuredly asked was about buying the SunGen half of the portfolio from Mikah.

Nasrat has previously mentioned an interest in Elite buying the half of the SunGen portfolio that Mikah holds. I realize there is a balance between R&D investment and other expenses, but this is one thing that is worth discussing.

That nothing was offered on this question raises the potential of it being on the table for Elite & Mikah to finalize; particularly given the money they now have.

Also, another question Nasrat was asked caused him to share with us what has been done. He was asked...

As Elite is profitable, the question for shareholders is whether paying Nasrat in shares still makes sense or if it might be offset with annual compensation in cash, with the bonus in shares. Whether I am explaining it well or not, Nasrat should understand and it might be the time to have an answer.

We got the answer! Perhaps we can now stop with the "Nasrat is enriching himself at the expense of shareholder dilution."