Elite Pharmaceuticals Inc (ELTP): Sorry not sure what point of post is....

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Elite Pharmaceuticals Inc (ELTP)

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Re: snupoled post# 159186

Wednesday, 07/08/2015 2:12:45 PM

Wednesday, July 08, 2015 2:12:45 PM

Sorry not sure what point of post is.

Epic and Elite are doing business together.
Why would Epic offer Elite money?

Epic has slightly over $120 million in revenues annually.

If Elite and Epic do a reverse merger most likely it will come
at a time when Elite makes a jump to another exchange such as NASDAQ.
Then again.... a look from another view..... if Elite gets approval of ELI-200 and then submits 2 more NDAs immediately following I do not think Elite will need any help making another exchange.

Institutional investors will want to push the price up so that they can get in. About $5/share is the usual institutional price per share.

We as investors will just have to wait and see.

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