Replies to post #348643 on Elite Pharmaceuticals Inc (ELTP)

[WeeZuhl]

Yes, he does take fat cash from payroll (and a car allowance!), in addition to the millions of shares he receives in annual salary.

In regards to shares for salary, when the share price drops, Nasrat gets paid more. At 5 cents, he gets paid twice as many shares as he would get if the share price was 10 cents. If the share price goes up to .25, he would get paid five times less. Just another example of how his incentives are at odds with common shareholders.