Elite Pharmaceuticals Inc (ELTP): Major blocks of common shares are sold i...

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Elite Pharmaceuticals Inc (ELTP)

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Re: DSherman post# 386347

Sunday, 08/27/2023 8:03:42 PM

Sunday, August 27, 2023 8:03:42 PM

Major blocks of common shares are sold in private placement deals to investment firms. Nasrat doesn’t own a controlling amount, but he does own a huge amount of shares to significantly influence any vote. I don’t think private placement is the route Nasrat would go. I think he’s looking to sell the whole enchilada when the time is right. I think that might be several years away when we can get some serious cash flow to start acquiring products and really get R&D pipeline cooking.

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