Elite Pharmaceuticals Inc (ELTP)

[WeeZuhl]

Zero retail interest in this stock says it all. That being said, when the poison pill expires, assuming NH doesn't renew (fingers crossed), a buyout for 200-350 million is possible.

What does the poison pill have to do with anything?


https://investorshub.advfn.com/boards/read_msg.aspx?message_id=164444679

The poison pill is a placebo.

First of all, the so-called poison pill only applies to shareholders of record on 11/15/13, so a vast majority of currently outstanding shares are not covered by the poison pill, including most of Nasrat's shares. The poison pill no longer has the teeth to do anything at this point. But beyond that, the poison pill was only designed to fend off a hostile takeover. It must be triggered by the BOD, so citing the poison pill as a reason not to worry about an insider takeover by the CEO is, frankly, dumb.