Nasrat has not been given any ELTP shares for free. He bought them in exchange for most of the generic drugs in Elite's pipeline and the company agreed but feel free to try and prove me wrong on this matter. I have SEC filings that say otherwise. On this note, Nasrat's money was owed to him by a certain date via his loan- and that date was chosen way before anybody knew what the FDA was going to decide via SequestOx. Years before if memory serves.
And I'm still waiting on those previous questions regarding that other CEO to be answered. Sounds like he has been accused of ripping investors off. What say you on this matter?
So my question and implication still stands - Name another OTC CEO who has loaned his/her company $1 million dollars - and did so legitimately.
Are you talking about the $150,000 dollar raise he gave himself for filing the application? I questioned that at the time he should not have given himself a raise until after approval. All the longs here said he should not only have given him self the raise, but $150k wasn't a big enough raise. Well he didn't deserve any of that raise oh well. He got it for a whole year of non-performance.
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