Elite Pharmaceuticals Inc (ELTP)

[Pharma Sleuth]

Actually his treasury is not enhanced with anything until the money is loaned and held as loan. It is a revolving line of credit and unsecured at that.

Every loan comes with an interest rate.

Are you accusing the CEO of some sort of malfeasance? It was approved by the BOD who are the biggest share holders in the company alongside that same CEO who is obviously incredibly wealthy already.

Today's move was brilliant for the company and shareholders.

How many CEOs do you see giving unsecured loans out when dilutive financing is available?

Let me ask you a question

Find drug companies that have ~40 products in their pipeline
Of the 40, 20 are approved already and many have very limited competition
Trial about to begin for which they have partnered interest from major pharmas and the products and in a market worth over 3 billions dollars again with limited competition
Add in a CEO with incredible experience, knowledge and his own money in the game

You will be looking at companies with 200-300 million dollar market caps.

Do you agree?