Replies to post #397049 on Elite Pharmaceuticals Inc (ELTP)

[bubba412]

So I guess flat out lying to shareholders by the CEO is acceptable

[WeeZuhl]

We are so lucky to have you.

Amateurs pretending to understand SEC law and/or the fiduciary responsibilities of corporate owners/executives from a legal perspective is analogous to a third grader understanding calculus; however, it does bode well for amusing entertainment. BTW, every owner/executive of a private or public Co enriches themselves as much as possible within the law.

I am so glad we have an anonymous American businessman here to declare the virtue of all American businessmen, who every day fearlessly walk up to the line of illegality but never step over. They are so clever in their approach to skirting the law that they are completely above reproach and beyond questioning from simple-minded investors who cannot possibly understand the true virtue and brilliance of American businessmen. We've had this discussion multiple times, and I do not recall your previous participation, so I'm looking forward to finally getting some satisfactory answers from somebody who really knows. Help us out, name some names. Who are these CEO's of publicly-traded companies that privately own a competitor and who repeatedly profit from non-arm's length self deals? Since this is such a common and usual occurrence, please provide some examples. So far the board came up with two names, Aubrey McClendon from Chesapeake and Adam Neumann from WeWork. Mr. McClendon accidentally drove his truck into a bridge abutment at 90MPH on beautiful sunny day within 24 hours of being indicted. Mr. Neumann is still alive and still fabulously wealthy and still grifting but no longer at WeWork. As always, anyone can play!

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