Elite Pharmaceuticals Inc (ELTP)

[tedk10]

Speculation on my part only, due to no info on the LPC LOC that has expired. I am down to 2 scenario's-

IMHO Elite has the preliminary results in hand and are satisfied with outcome therefore not needing to re-negotiate the Lincoln LOC

1) we have a buyout once FDA is approved

or

2) based on current listing exchange, Elite signs JV with Big Pharm once SequestOX is FDA approved. the JV will include upfront cash along with Big pharm entering a 5% to 10% stock position with first rights of refusal on the remaining platform that will be wide open.

once again, just speculating as I have seen both scenarios multiple times in Pharma over last 20 years.

I do not want a buyout, prefer JV to unlock unlimited gains for years to come


Enjoy the weekend longs!!!

Tedk10