Replies to post #221566 on Elite Pharmaceuticals Inc (ELTP)

[namtae]

TOTAL NONSENSE

Name another OTC CEO who has loaned his/her company $1 million dollars - and did so legitimately.

Who cares? Name another CEO that plays tennis standing on one foot drinking lemonade - just as relevant!!

Making a loan to a company in which the lender has TOTAL CONTROL of the companys assets and decision making is like making a risk free loan and being compensated for it.

Worse case scenario if ELTP suddenly, through an unforeseen event which even Nasrat was unaware of (EXTREMELY UNLIKELY), didnt have capital available and all its assets became worthless, Nasrat knew the market could always be tapped via LPC or a laundry list of other toxic investors that could raise ELTP capital to pay off the loan, even if at .01

Yet, that loan sure did a great job of marketing to the investment world by those starry-eyed over it

[sfm3192]

Since you love links send me a link on the loan. Has it been paid back? What was the conditions of the loan?

[jour_trader]

And he most certainly wasn't overpaid for those generics. Lol. And how many are sitting idle worthless?