Elite Pharmaceuticals Inc (ELTP)

[jour_trader]

There is a reason why mgmt is often incentivized with stock options. It’s because they can have a significant influence on the stock price. In our case, there is no pressure to drive the stock price up on CEO’s ownership vs stock options.

Also, trust is absolutely critical. We flush CFOs down the toilet every other month. There is absolutely a significant conflict of interest between Mikah and Elite. This fact being ignored is shooting the company in the foot. It’s the CEOs self-chosen blind spot (to his personal advantage). As a personal investor I’d much rather pay a little more in interest on debt than have a biased CEO looking for more ways to suck money from Elite. This is a situation that should simply not exist.

CEO can go to investor conferences to start getting the story out as was promised many years ago. This should be done well before moving to NASDAQ.