Elite Pharmaceuticals Inc (ELTP): The google machine never lies. http:/...

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Elite Pharmaceuticals Inc (ELTP)

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Re: Money_Tree post# 163872

Tuesday, 09/01/2015 4:28:28 PM

Tuesday, September 01, 2015 4:28:28 PM

The google machine never lies.

http://seekingalpha.com/article/2029611-elite-pharmaceuticals-ceo-discusses-f3q2014-results-earnings-call-transcript

February 18, 2014
Carter Ward

They conducted a thorough study with lengthy interviews and due diligence. And then they finally issued a 30 page report which confirmed our opinion. The report shows a conservative valuation, a most likely valuation and a best case valuation. And I can tell you the conservative valuation was $0.40, most likely was $2.10 and the best case valuation was $2.75, all of these on a fully diluted basis.

So that’s $0.40, $2.10 and $2.75 and that’s not future value, that’s the present value today. Future value will be more. Now these valuations are based on the Elite executing its’ strategic plan and we’re on schedule as you can tell by our financials.

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

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