Elite Pharmaceuticals Inc (ELTP)

[jammy32]

Great post weeZuhl.


Quote:
The licensing agreement dated 6/10/21 you posted on the LCI site was very interesting. It was signed by NH on behalf of Mikah and by Marc Bergman CFO on behalf of Elite.



Right, and before Marc Bregman it was Carter Ward who signed on behalf of Elite, while Nasrat signed on behalf of Mikah. Why? Why doesn't Nasrat just sign for both sides? Because everybody (EVERYBODY!) understands that it would be an obvious conflict of interest. You can't sign both sides of a business contract because corporate self-dealing is illegal in many cases and unethical in most. The concept that there is no conflict as long as the two entities are not in direct competition is ludicrous and easily refuted with a simple google search of "self dealing conflict of interest."

Remember, if Nasrat's true goal in purchasing the Adderall ANDA's from SunGen was to acquire and protect the assets for Elite, then he could have just negotiated the best deal for the distressed assets and loaned the money to the Elite, just like he did for the original 13 "merged" ANDA's and the subsequent trimipramine ANDA. The reason he couldn't do this is because Mikah is used to launder ANDA's, and those ANDA's needed to go through that private "black box," where the true costs are hidden from Elite's public shareholders.