Replies to post #354897 on Elite Pharmaceuticals Inc (ELTP)

[lostatsea]

To add to my previous post...It appears this hire was a controller and not a CFO in any previous positions. Accordingly, he appears to be hired to maintain the status quo.

[snupoled]

Lostatsea, 240 k shares traded, nothing stimulating exciting going on these days with elite, if I exit here, my loss would be 7 times as much as last year's write off, I might not see my three cent swing either! What vision? Well learning the hard way for snup. Still think selling all shares that I thought were average down shares was way to go for me in 2020, hanging by a thread now, 5 cents sales would hurt , and yeah, I would move price to 3 s bad investment on my end. Thought elite would live the dream ,trying to hang two more cc s fingers crossed, good luck, gulp,gulp,gulp, can't launch loxitane, with such a small market? Not good. Snupdawgoled fair and balanced

[The ELTP King]

What the HELL are you talking about???

Responsibilities:
-Manage all aspects of management & SEC financial reporting, including financial statement, footnotes and all disclosures required on Forms 10-K and 10-Q;
-Quarterly Board and investor presentations;
-Manage and improve business processes and internal controls for quality control over financial reporting, SOX compliance, strengthened controls over assets and financial reporting and improved efficiencies in the financial reporting/accounting functions;
-Supervision and hands-on participation in daily accounting functions, including, revenue/purchasing cycles, cost accounting and payroll;
-Preparation of budget, financial and cash forecasts with variance analysis and dashboard indicators;
-Treasury functions, especially tight cash flow management;
-Cost accounting activities including standard costing of all manufactured products, contribution analysis and creation of Bills of Material, Bills of Operation and Production Models in Elite’s SAP system;
-Research technical accounting issues;
-Manage local, state, and federal government compliance, reporting and tax filings;
-Prepare/manage and improve various operational, profitability and performance analysis;
-Management of Elite’s insurance coverage portfolio;
-Managing investor and banking relationships;
-Evaluating and controlling capital expenditures;
-Help drive the performance, strategic planning, and growth of the business;
-Additional CFO duties as necessary.

It was notable that the PR didn't make any mention as to any particular expectations from this new hire