Replies to post #337713 on Elite Pharmaceuticals Inc (ELTP)

[YJ4LIFE]

Great post again, sir!!!

THIS NOTE RESPONDS TO ANOTHER OF THE MANY MISAPPREHENSIONS OF REALITY. IT IS CAPITALIZED SO IT DOES NOT GET LOST IN READING THE POST…

THERE WAS NO LOAN FROM LPC FOR MIKAH TO DO THE ASSET ACQUISITION FROM SUNGEN…ONLY ELITE AS A COMPANY (NOT ITS CEO) WAS ABLE TO TAP INTO THE LPC FUNDING SOURCE. AND, EVEN ELITE COULD NOT DO THAT BECAUSE THE AGREEMENT SPECIFIES A TEN CENT MINIMUM P/S. AS WE KNOW AND, FOR THOSE WONDERING ABOUT THE PURPOSE OF P/S MANIPULATION, THE P/S HAS BEEN JUST BELOW THAT. OBTW: ONCE HUNAN JINGFENG (SUNGEN’S PARENT COMPANY) REJECTED THE STOCK OFFER AND ELITE COULD NOT ACCESS THE LPC FUNDING SOURCE TO COMPLETE THE SUNGEN ASSET ACQUISITION, THAT IS WHY NASRAT’S MOVE WITH MIKAH WAS A SPOT ON DECISION AND WILL ENABLE ELITE TO REALIZE THE SUCCESS THAT SHAREHOLDERS HAVE LONG BEEN WAITING FOR.

Simple, really...if you understand the business world...and I do.

So do I. Thank you for your post!!!

[The ELTP King]

We have absolutely nothing in writing saying that Concerta will be 100% Elite's product.

Therefore, all indications are that it will be 50% Mikah's(Nasrat's) product since no filing took place. (Mikah is a private company)

So now Nasrat has STOLEN Concerta from us, in addition to the two Adderall products he ALREADY stoled from us.

But, as should be clear when Nasrat announced that the generic Concerta would be Elite’s product, not Mikah’s

[meshcan]

Great post no2koolaid! Nasrat's wise decision would benefit all shareholders. NASDAQ2020 brought up a good point, Sungen didin't like share offering but Nasrat will and that's how Adderall drugs will be owned by Elite soon and Nasrat will take some shares. Win-Win deal.