Replies to post #376297 on Elite Pharmaceuticals Inc (ELTP)

[imanjen13]

Hope that two dongs are better than one.

[WeeZuhl]

At some point I expect Nasrat’s strategy will include the combination of both dongs. Whether both together will create accretive value to Elite is questionable at best, but Nasrat would certainly benefit the most.

I'm sure there are many dongs he would consider some sort of merger with, but it is impossible to know who would come out on top. All I know is every time the Elite dong gets anywhere near another dong, then ELTP shareholders seem to get screwed.

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[The ELTP King]

Mikah merged with Elite in 2013.

August 15, 2013 Conference Call

Nasrat - "I truly believe in this technology and that is why I merged my company in it and became a part of it."

https://seekingalpha.com/article/1639802-elite-pharmaceuticals-ceo-discusses-2q-2013-results-earnings-call-transcript

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And this:

10-K - "Mikah has accordingly ceased operating and is in the process of winding down and liquidating its assets."

At some point I expect Nasrat’s strategy will include the combination of both dongs. Whether both together will create accretive value to Elite is questionable at best, but Nasrat would certainly benefit the most. Two dongs don’t make a right.