Replies to post #376772 on Elite Pharmaceuticals Inc (ELTP)

[sharkey1]

Could be IPO in the mix, merger with Mikah and Elite, creating a new company.
just a guess.

A new company would get a new API allotment.
the FDA likes Elite, they make a good product.

[IB_]

Would Gurbir S. Grewal, Director of the SEC’s Division of Enforcement, be interested in this ?????????????????????????

IB_

[no2koolaid]

What am I missing? I cut and pasted the entire article in the link and did a check for when Mikah is cited and here they are…

we manufactured on a contract basis for Actavis and for Mikah.”

The product currently being marketed on an interim basis by Mikah as we pursue various marketing options for this product.

Unfortunately we are sitting here listening to our earnings of a million and two and even when we bring Mikah’s products and we bring in millions of dollars more…

There is no quote - NONE - in the August 15, 2013 CC that says this…

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

Moreover, this link makes it clear that the two remain very different companies…
https://contracts.justia.com/companies/elite-pharmaceuticals-inc-1799/contract/194552/

Specifically, it states this at the top...

Master Development and License Agreement for Products Between Elite Pharmaceuticals, Inc. and Mikah Pharma LLC, effective as of June 10, 2021.(Portions of this Agreement have been redacted in compliance with Regulation S-K Item 601(b)(10))

Such agreements are not made by companies that are separate lines of business within the same corporation. But the language is plain...Elite Pharmaceuticals, Inc. (INCORPORATED) and Mikah Pharma LLC...LLC = Limited Liability Corporation...!!!!

[jour_trader]

The word “merge” might be used, but there has never been an S-4 filing. That is just Nasrat’s wording of choice for his unloading of crap products to Elite for hundreds of millions of shares.