Replies to post #378411 on Elite Pharmaceuticals Inc (ELTP)

[jammy32]

Maybe nasrat can resign too. Maybe it would be best for shareholders if he just left and we got a new ceo.

Chen got paid 175,000
His stock options are worth shit

Nasrat gets a million per year
No stock options , just stock

The whole thing sucks in my opinion.
‘The dude has had 10 years and the stock is down. That’s a fact.

My opinion - we need a change at the board and CEO level.

[littlerhody]

If my memory serves me correctly one of the positives for Mr. CFO was his experience in the workings of the Nasdaq financial reporting requirements, etc. His potential departure could be many things, but the unknown is never good for the shareholders. Never a positive when a key executive heads for the door, right now Kirkov is our go to guy!!! Bean counters come and go. In most cases they have a minimal impact when they leave. Yes, in some companies the CFO can be a key contributor being involved in many important strategic decisions. As we all know from being here much longer than any of us care to admit, with Hakim Nasrat I am quite confident the CFO was not asked to weigh in on anything but strictly financial issues.

Another bump in the long road to what we hope will be a successful sale of the company.

[jour_trader]

Why would a company file an 8K of this nature unless it’s a done deal? This is a company that avoids PRs. Very odd or amateur, not sure which.

[The ELTP King]

Read the 8-K in its entirety. He's LEAVING.

- "The Company has commenced a search for Mr. Chen’s replacement."

The thing that has me scratching my head is the wording of the 8K.
"INTENT....a thing intended ; an aim or plan"
No dates or explanations like the other two.
I'm really feeling like this isn't 100% yet and he is still working at Elite today.
Almost was just a formality to file until they can finish negotiating a resolution.