Replies to post #337516 on Elite Pharmaceuticals Inc (ELTP)

[The ELTP King]

From namtae:

-- "Mikah should have quickly loaned Elite the money, under attractive terms, and allowed Elite to make the purchase directly, nice & clean."

Bottom line, if Mikah(Nasrat) could afford it, why didn't he lend the money to Elite to make the purchase so all the info is publicly available............just like he did with the 1 million dollar loan years ago???

Instead, he's HIDING all the details of the transaction through his PRIVATE company.

[Je3232]

The reality is 1/2 the profits were going somewhere ( sungen) so who cares if the 1/2 goes to him instead. Great point about his confidence in the drug. He’s not going to buy 1/2 of anything Ian’s lose even more unless he was feeling good about the future. This is a no brainer / no concern issue for savvy investors.