Replies to post #318657 on Elite Pharmaceuticals Inc (ELTP)

[rrr2003]

So when Nasrat's J series shares are converted to common stock and the Elite ship sinks (hypothetically). Wouldn't his shares go down with him like the rest of the shareholders? Nasrat is the largest shareholder in Elite (he owns 20+%). He has the most to lose should something happen to Elite. Please tell me how he would benefit from a disastrous event when the rest of the shareholders are drowning.

As i said before, he will float away from the sinking on a very cushy featherbed that he has constructed for himself while others drown.