Elite Pharmaceuticals Inc (ELTP): Merger with Epic = Bad, Bad, Bad Woul...

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Re: Gman24 post# 161142

Tuesday, 08/04/2015 2:10:06 PM

Tuesday, August 04, 2015 2:10:06 PM

Merger with Epic = Bad, Bad, Bad

Would mean Epic owners enjoying the majority of Elite's future revenues (even more so than what they already own via the Strategic Alliance). Current Epic revenues dwarf current Elite revenues, but Elite growth potential far outpaces Epic growth potential. Why would we merge now and dilute into Epic to get to Nasdaq instead of growing organically with ADF's?

Not to mention that the deal would be hammered out by two incestuous BOD's and an Elite CEO with a secret interest in Epic. Bad, bad, bad.

Epic= #1 risk to my Elite investment, hands down.

"There are three kinds of lies: lies, damned lies, and statistics."

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