Replies to post #406247 on Elite Pharmaceuticals Inc (ELTP)

[Pharma Sleuth]

Lol. Keep working. How many shares are you guys short?

[HGiLS]

I heard the CIA organized September 11 - did u hear that too?

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WeeZuhl

Re: Pharma Sleuth post# 406214

Wednesday, August 21, 2024 9:35:40 AM

Post#
406247
of 406249
He literally parked a billion dollars in drugs on the side waiting till the time was right.




This is a very serious charge you're leveling against the CEO. Do you have any evidence to support your accusation that the CEO intentionally manipulated the share price downward while he was receiving tens of millions of shares in salary? It does make one wonder. The share price remained terribly suppressed for so long it certainly seemed like it was being intentionally manipulated by someone, and as you say here, the CEO's fingerprints are all over it. He also parked the $10 million worth of Mikah generics with his business partners at Epic, so they were essentially buried deep and produced very little revenue. It seems you may have a point here about Hakim being the culprit behind the prolonged three penny share price. It also seems he's gotten plenty rich off Elite shareholders, despite his fiduciary duty to us. Never forget the past is prologue, and his intentions for Mikah should be obvious to all clear-minded longs. It's time to kick Mikah to the curb and get rid of the parasite forever. Flick the tick. Repeal the Mikah Tax.

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Repeal the Mikah Tax -- To be paid by all shareholders at buyout
1. Cost of Second Tier Suitors
2. Cost of Secret Side Deal with Hakim
3. Cost of Mikah litigation

[WeeZuhl]

He also parked the $10 million worth of Mikah generics with his business partners at Epic, so they were essentially buried deep and produced very little revenue.

We all remember Epic Investments, right? These guys were sitting on the Elite board. They fired Treppel and hired their guy, Hakim, and they gave him $10M to "merge" Mikah with Elite. Shareholders did not learn until much later that Hakim was also a member of Epic Investments, not until it had to be revealed in a SEC disclosure. It is notable that Epic Investments controlled Epic Pharma, which signed a deal with Elite to manufacture and distribute the $10M Mikah generics, but then they never did anything with any of them. It is interesting that Hakim's own partners were sitting on our drugs, but he seemed unable or unwilling to do anything about it.