Elite Pharmaceuticals Inc (ELTP)

[WeeZuhl]

He also parked the $10 million worth of Mikah generics with his business partners at Epic, so they were essentially buried deep and produced very little revenue.

We all remember Epic Investments, right? These guys were sitting on the Elite board. They fired Treppel and hired their guy, Hakim, and they gave him $10M to "merge" Mikah with Elite. Shareholders did not learn until much later that Hakim was also a member of Epic Investments, not until it had to be revealed in a SEC disclosure. It is notable that Epic Investments controlled Epic Pharma, which signed a deal with Elite to manufacture and distribute the $10M Mikah generics, but then they never did anything with any of them. It is interesting that Hakim's own partners were sitting on our drugs, but he seemed unable or unwilling to do anything about it.