Elite Pharmaceuticals Inc (ELTP)

[imtheking]

Go back through the form 4s for the entire year of 2013. NARINE JEENARINE received 14million shares when Nasrat came on, and NIGALAYE ASHOK received 19.7million shares. These were series I converted to common stock 6 months ago. They would not have done that if they did not believe in the company. This is the majority of their compensation. They are going to sell small percentages of shares through out the year every year. Just like they did last year at .08 and .12. It is not because the stock is overvalued. It is merely having cash to live on for the exceptional work they have done. Also both received a large chunk of shares around March 7th of last year. So these sells do work well with long term capital gains tax timing.