Replies to post #340708 on Elite Pharmaceuticals Inc (ELTP)

[ocbadger]

Just the plain simple truth! All this other histrionics is just garbage and irrelevant to where this co & pps needs to go (UP!!)

[meshcan]

Agreed.

"The stock market is a device for transferring money from the impatient to the patient." - Warren Buffett.

[WeeZuhl]

I think Nasrat will come out victorious in the end for him and for his shareholders.

Be careful with this kind of thinking. Just because Nasrat comes out victorious does not mean the shareholders will be winners, too. Just as an example, look at the original deal for 13 ANDA's. Here's the $10 million list:






At most, Nasrat has a few hundred thousand dollars invested in this list. If I am wrong about that, he could prove it, but he hides the details behind Mikah. The secrecy serves only him. He accepted a $10M promissory note, which he eventually converted to Series I Preferred. He converted the Series I into 158,017,321 common shares and then converted again to Series H Preferred. He gave himself 79,008,661 free shares when he converts back to common shares.

So in the end, Nasrat has turned the original 13 ANDA into 237,000,000 shares of ELTP. My break even point is 10 cents. If he sells the company for 10 cents per share, I get zero gain, but Nasrat gets $23.7 million just for the original 13. This does not include his shares accumulated as salary, bonus, interest, and trimipramine deal. At 10 cents per share, Nasrat scores a 100-bagger for 13 garbage ANDA's. Not bad, for Nasrat.

Remember, just because Nasrat and Mikah do well does not mean that Elite shareholders will do well.