Elite Pharmaceuticals Inc (ELTP)

[WeeZuhl]

SequestOx approval is just the beginning.


Nasrat Hakim is building this company with a solid R&D foundation leading to organic growth of revenue from multiple products. He's been very consistent about this. No tricks or shortcuts. The real money is 3 years away. Expectations of sooner miracles are not based on what he has repeatedly stated, and what he confirmed again in the call this week.

From the time I have taken over as CEO, you’ve seen what was achieved in two years and 10 months; we went from $0.068 to about $0.30 plus. I have a vision, I have a plan I am executing on. I have a lot of people that have been pushing me to go to NASDAQ too early from former board members to top people on Wall Street and the answer is no. I have people trying to get me to borrow money and get in debt, so I can get projects going and the answer is conditional, and it’s mostly no. I will get us to where we are going in about three years. I am not going to lie to you about that and I am not going to pump up the stock or pump it down. I have a realistic plan that will get us where we are going.