Replies to post #348034 on Elite Pharmaceuticals Inc (ELTP)

[WeeZuhl]

Not sure I see any examples that correlate well with what Nasrat has pulled off

Actually, this sounds pretty close...



https://www.businessinsider.com/wework-ceo-gives-back-millions-from-we-trademark-after-criticism-2019-9

When WeWork filed to go public this summer, we learned an incredible detail about its cofounder Adam Neumann: He was paid a whopping $5.9 million by the company he runs for use of the word "we."

The logic was laid out as such: Ahead of its initial-public-offering filing, WeWork reorganized and rebranded as The We Company. To rebrand itself around the word "We," the company paid its own CEO nearly $6 million for trademark rights.

The transaction was handled through a private company that Neumann is a managing member of, We Holdings LLC, which owned the trademark rights to the word "we." Moreover, WeWork characterized the nearly $6 million payment as "fair market value."

[luvwetscent]

Yes..I too followed Chesapeake for years...But Hakimus will not have to suffer the same calculated fate as Aubrey driving his "82 black Mercedes with the primer gray left front fender that spews blue smoke...He'll come out of this very wealthy...no so for shareholders.