Elite Pharmaceuticals Inc (ELTP)

[The ELTP King]

When a companies share price gets depressed, and/or they have little to no money to continue R and D, but do have something valuable to offer, that is when the suitors come knocking.

This is the position Elite is currently in.

So those wishing for Elite to sell the company should welcome the less than ideal situation we are in right now.

If SequestOx got approved, Nasrat would try to milk the buyout offers for a couple of more years and then sell because he would have a ton of leverage.

Now, the only bad thing about being bought out here very soon is that we won't get as big of a premium had SequestOx been approved.

On the other hand, you don't have to wait another 1-3 years to reap the rewards.

Thanks.