Elite Pharmaceuticals Inc (ELTP)

[Hike]

From Dianne:

This was last year’s materials.

It was brought to our attention by our SEC counsel that the OTCBB does not require that the Company hold an annual stockholder meeting unless, of course, there are matters that need to be brought before the stockholders to vote on.

At this time, it would just be a vote to reelect the Board of Directors and the ratification of the auditors.

For this reason, the Company will not hold a meeting until the time there are issues that need to be approved by the stockholders.

The good news is that this save the company SEVERAL THOUSANDS of $’s. Money that can be put to better use for drug development, etc.

Best regards,
Dianne.