Elite Pharmaceuticals Inc (ELTP)

[tangerine]

Are you ready for this...

Again, nothing has been presented to indicate any reason to doubt. Trials are all positive and will continue to do so...

But here is the kicker...Lets say we believe much of the misinformation which has been presented although much is not factual and much has not been relevant...but lets say there is some doubt

Lets say the most negative person believes the odds are 50% that Elite will be successful. Now we all know that is not true but worst case scenario

50/50 right

Now if Elite is successful they will have a line of ART Opioids in an 8 billion dollar market maybe much larger...But lets just take Oxycontin at ~$3B

Elite gets a paltry 5% of the market,,,again worst case scenario

That is $150m dollars

Which at a 50% margin, you have a company making earnings of $75m million dollars. Avg to low P/E of 15 makes ~1B market cap.

In other words, only one drug, only 5% of it, low P/E and the company value would be ~10x what it is today.

Now would you take a 50/50 bet where the payout was 10 times your money at worst case scenerios and potentially many multiples of 10?