Replies to post #371205 on Elite Pharmaceuticals Inc (ELTP)

[no2koolaid]

I recalled that Apple had that problem, so I checked and yep they did, as did others...

One study estimated that as many as 43% of publicly traded companies backdated options between 1996 and 2002 (1). Apple admitted to granting backdated options on 15 dates between 1997 and 2002 (2). In 2006, Apple had to take an $84 million charge to correct erroneous financial statements resulting from options backdating

But now they changed the rules...and I am pleased Elite is following them...

The act of options backdating became much more difficult after companies were required to report the granting of options to the SEC within two business days. This adjustment to the filing window came with the Sarbanes-Oxley legislation in 2002.