Elite Pharmaceuticals Inc (ELTP)

[no2koolaid]

You hit upon an interesting tipping point...when might a formal offer be made versus when should it be accepted? While there is little that Elite can do to prevent a formal offer, investors should not want a buy out to be accepted until after one ADT is approved; as that would offer a better pricing opportunity. With the application of Elite's tech being so flexible, one approval suggests the likelihood of others and that would be something a potential acquirer would know. It is more probable than not that the ink would be barely dry on the approval when an offer would be made...my personal guess is late 4th quarter this year; with the formal acquisition occurring by mid-2016.