Replies to post #390203 on Elite Pharmaceuticals Inc (ELTP)

[kayak_wench]

Wrong, we do not yet know if they are paying him in cash.

In the Q2 CC someone asked

I am asking that Elite consider paying all salaries in cash ASAP

Nasrat replied

as to your first inquiry that ask that Elite consider paying all salaries in cash ASAP. I hereby issued the decree immediately we're going to do that.

But his choice of words is interesting, especially when he followed it up with

we're going to work on paying everybody in cash

So we don't won't know for sure if Nasrat is getting paid in cash until the Q2 filing is made and we can compare the dollars consumed in salary. Remember since the Q1 CC they hired back Carter, who is definitely getting paid in cash. So Nasrat may or may not be paid in cash at this time. That question will be answered in about two weeks.

If its other employees that have been paid in stock while Nasrat has been paid in cash than that would be news, and highly unusual. If that is the case what employees have been paid in stock up through at least Aug 15 2023?

[kayak_wench]

Nasrat does not yet seem to be getting paid in cash yet. They said they would start doing that but didn't say when...
The co-development profit split is new. Not sure what it is.
Pretty sure the $250k is Carter's salary.

Salaries and fees payable in common stock $ 6,405,153
Salaries and fees payable $250,000
Co-development profit split 3,388,800