Replies to Post #354664 onElite Pharmaceuticals Inc (ELTP)

Replies to #354664 on Elite Pharmaceuticals Inc (ELTP)

mrwrn2010

04/26/21 11:16 AM

If we get bought out for a decent price, why should I give a damn how many shares Nasrat has? Him accumulating shares still means he’d rather take shares than USD. All the bullshit still boils down to the simple fact that it is in Nasrat’s best interest, along with ours, to ultimately have the share price rise. That’s where the true windfall is.

imanjen13

04/26/21 11:22 AM

#354667 RE: WeeZuhl #354664

I have not applauded the CEO and most agree and understand your angst regarding the fire sale of opioids.

I see little upside in bashing the CEO or suggesting that he is deceiving shareholders about his stock ownership without proof that was the case.

A resignation of the CEO, the forfeiture of shares and /or a SEC investigation or censure certainly isn't good news for shareholders.

The ELTP King

04/26/21 4:25 PM

#354682 RE: WeeZuhl #354664

What the HELL are you talking about???

Nasrat: "I chose to answer this question. I usually don't do that, because I really want to make a point beyond the question. The question is about rumors of possible merger, and also selling shares in private deals. Can you promise not to abandon Elite? Don't believe all the rumors here. I've been with this company for seven, eight years now and not getting paid except in shares that I don't see because Carter keeps them actually. Obviously if I want to sell my shares in a private deal, I would have done that a long time ago. I have a commitment to this company."

I wonder if those who applaud the CEO despite the lack of stock upward movement will blame him when he takes it private for 2 cents per share