Replies to post #22266 on Elite Pharmaceuticals Inc (ELTP)

[Steges]

Thanks, at the end he said something along the lines I did not come here for the salary, I came here to protect my investment. I had the audio at some point and cannot track it down. I think it is helpful for new investors in understanding the bigger picture. Still don't know details on the dollars but I still have to think that Ledgemont Capital invested heavily in Elite back then. Edward Neugeboren (Founder of Ledgmont) was on their board and when he left Jerry Treppel (Managing partner at Ledgmont) become Chairman of Elite.

http://www.ledgemontcapital.com/team.html
They did a lot of finances back then: http://www.ledgemontcapital.com/transactions.html