Replies to post #381108 on Elite Pharmaceuticals Inc (ELTP)

[jour_trader]

That’s simply an example of what could take place with the largest shareholder having significant sway in any shareholder proposal while being President, CEO& Chairman. He needs to cash out sometime soon as he is ~68 years old. His desired selling price may be far lower than what other shareholders may desire, but there’s nothing that can be done due to all the free shares given him over the years, including for the crap drugs that came along with him as CEO layered on by the significant dilution for SequestOx that went nowhere, but hey, “no one can stop us”.

[The ELTP King]

The lawsuit that shareholders are going to file against Elite is going to be a SLAM DUNK.

The ONLY thing the class action lawsuit members need to prove is they bought shares at ANY point during the 4-year period from 2015-2018, in which the following statement was made in the OFFICIAL SEC filings:

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

Just check your brokerage statements.

You will also need to just certify that you made at least PART of your purchase decision during this period based on the SEC statement above.

SLAM DUNK LAWSUIT.

We were told four separate times the Mikah has wound down it's operation.

If this is not true Naz has some explaining to do to avoid a legal problem.