Replies to post #342498 on Elite Pharmaceuticals Inc (ELTP)

[SenorSaphi]

Hello WeeZuhl,

First of all, I 'd like to thank you for all your posts. I have to say that you are one of the very very few I follow on this board.
I own 1,439,848 ELTP shares I've been accumulating through out many years. Thanks again for helping me keep well informed and educated about this stock.

The change in tone of your recent posts (weeks now) leave me with a not so pleasant aftertaste, during these days when I very much miss/need a fuzzy feeling about my investments. I completely understand and follow your logic though.

I support your action plan, in the spirit of transparency and growth. One can take so much of a negative vibe without doing something about it.

This is my first Ihub post in over 9 years :). I'm more of a listener until I'm forced to get out of my man cave and smell the roses LOL.

Would it be possible to draft a single document and have it signed by participating investors? I will just follow your lead/complaint.

If all is OK on ELTP side, then I don't see any issues with letting them know about any notes of concern, and getting addressed.

Best regards,
Sr.S

[YJ4LIFE]

Thanks for your reply sir! Nasrat needs show transparency from this point on and show us that he’s willing to go over is head a little to do something about raising the PPS here. I will be the first who sign the draft if you’re drafting one to go after NH.

[The ELTP King]

If you get a response back from the Board of Directors and/or Kenneth Smith, please give us a summary of what they/he says.

Also, how long ago did you send this off?

Hey thanks a lot WeeZuhl.

Step One: Realize Something Ain't Right.
Step Two: Identify the problems.
Step Three: Send your concerns in a letter addressed to individual members of the Board and copied to G. Kenneth Smith, VP Legal Affairs.
Step Four: Copy & Paste your letter to the SEC as an investor complaint.

https://www.sec.gov/oiea/Complaint.html

Step Five: Stay active. Present fact-based arguments and rebuttals. Consider all evidence-based statements, but recognize unsupported opinions for what they are.


As shareholders, we have been too complacent with our investment. The Board allows Nasrat to run Mikah like he does because nobody has objected. It's time to let them know how we feel about it. Be respectful. Use your own words to describe your concerns. Identify specific transactions that you think are a problem and explain why. Don't forget to CC VP Legal Affairs, and remember to bypass Dianne. She is not here to help shareholders communicate with the Board. She is here to shield the Board from shareholders. Send an individual copy addressed to each Board Member and Ken Smith to Elite HQ in Northvale.


One complainer is a pest, scores of investors sending letters to the board and complaints to the SEC is a real problem. Supposedly, Nasrat is super-afraid of getting sued. Let's find out how true that really is. It is time to expect better from Elite management. Something Ain't Right.

[The ELTP King]

Any word back from any member of the Board and/or Ken Smith?

Send an individual copy addressed to each Board Member and Ken Smith to Elite HQ in Northvale.