Jerry Treppel - Elite Pharmaceuticals Inc - Chairman, CEO It's not our expectation that the E's are going to-- Carter Ward - Elite Pharmaceuticals Inc - CFO We're not expecting the E's to convert.
Wasn't Jerry Treppel one of the D convertees that is reported to have sold shares immediately after conversion? Afterall as Chairman he expressed great confidence in ELTP by dumping his shares or was he merely trying to protect his wealth before ELTP collapses? He certainly did not express confidence in Elite. Notice that he did not say why E's are not going too. He did not given one good reason. He converted but would not expect others to convert. Why?????????
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