Elite Pharmaceuticals Inc (ELTP)

[Lazarus Elite]

Let's talk about a super interesting theory, and let's see how honest you can be about your reaction to it. There are a few positive signs that a company can give to the public: PR, announce a share buy back, C suite and board members purchasing shares.

IF Nasrat announced he was buying 100 million shares, would you consider that good news for the company? You have to be honest about how you answered right now, and then read the rest.

We don't know what percentage of Mikah is still owned by Nasrat. He may have given X percent of shares to a family member. If so, what if that family member is buying shares on the market right now and doesn't have to disclose the purchase? It wouldn't have to be disclosed because it's not an insider. That being said, whether it is technically moral or not, it would be a sign that Nasrat wants more shares. If that was happening - would you consider that a good or bad sign and do you think Mikah is buying up shares?