Elite Pharmaceuticals Inc (ELTP)

[HGilS]

If you have a business, and you make money off of it for years, and you pay your taxes - it is legit.

Then you become CEO of another company. You close your side business.

Then a few years later, comes an opportunity to help the company you are CEO of - and you need a channel to make the transaction.

Would you open a brand new company (ITN etc) to do so or would you just use the same side company you had before - which is still alive as far as the IRS is concerned...

I believe that in his mind, Nasrat had wanted to close Mikah several times, but when Elite needed help, he used that channel to help the company we invested into.

Simple