Elite Pharmaceuticals Inc (ELTP)

[Sixman]

Continuous references to the fact we aren't at some price below 10 cents per share are irrelevant. The share price and the share count have increased since then NH too over. That increase reflects the market's perceived value of ELTP, considering ALL information that's been made available to the public.

Frequent posts about how much money someone made buying then add nothing to conversation today regarding whether it's a good time to buy in the 30s at a $250mm market cap (roughy the same market cap as kpmh that's already on the NM)

Today ELTP is worth around $250mm. This valuation is much greater than a couple years ago, and it reflects the pending approval of ELI200. Whether the valuation skyrockets from here will depend on either substantial earnings or a buyout. To speculate that a HUGE bump in valuation occurs on approval is foolish, although many on the board suggest this very thing when they say buy now! Don't get caught chasing! Millionaire maker! Such statements are as absurd as saying the stock will crash to 2 cents.

Maybe ELTP executes and maybe this company becomes a multi-billion dollar enterprise. It might happen, but it will take a lot more than ELI200 being approved by the FDA.

Can we also put to rest the confusion that runs rampant on this board about the differences between abuse and addiction? The former is an act of volition, the latter is a medically diagnosable chemical dependency.