Elite Pharmaceuticals Inc (ELTP)

[Jimmy Joe]

ELTP will need $250MM+ revenues per year to support a PPS of $1, given the current OS

Really?.... So $250 million with OS shares at let's say 910 million
for fun. So doing the math.... and way nuff ball parking it let's say PE of $0.25/share even though it would be more like $0.27/share.

That times a PE ratio of less than or equal to 4 gets you $1.00.

Try a PE ratio of a very very conservative 10. This will be a growth stage company at the point where SeQuestOx and their other ANDAS start to get approved. PE ratio may be much higher
than even 14.

So one should sell this company at $1.00/share?

Not me, no thanks.