Replies to post #342514 on Elite Pharmaceuticals Inc (ELTP)

[NASDAQ2020]

Is Mikah going to merge or sell to someone?
If Mikah has strong financials
a merger with Elite may be helpful to both entities


ELTP

[Just give me $1.50]

Yep.

And guess what, he already planted the seed that even if you make just one penny on your investment after being here a DECADE you should be happy.

Remember in the CC just 4 days ago he went through all those generic companies whose stock dropped over 90% while some went completely bankrupt.

He said, SEE, Elite isn't THAT bad, in order to justify his complete and utter DISASTER as a the CEO of Elite.

So now the seed has been planted in our minds!!!

Nasrat in the buyout conference call: "We have sold Elite for 10 cents. As I stated before, more than a dozen similar companies either went bankrupt or their stock dropped over 90%. You guys should be happy with 10 cents given the performance of the generic industry overall. We did better than most."

When/If Nasrat sells the company, the share price will likely not be mentioned .............. It will be something like the company is being sold for $120 million as an example.