Elite Pharmaceuticals Inc (ELTP)

[WeeZuhl]

Where else could you?

seriously got 24980 at average of .2432 been in since 2011....cashed 920.00 earlier on a run......what is the play here...I would appreciate any help....don't really need right at this moment but am getting near retirement with no 401 or pension

No where else could you use $2400 to buy 2/1000 of one percent of a recently updated GMP pharmaceutical manufacturing facility in the U.S. with pending ANDA's for generic narcotics, including bonus ownership of patent-protected, HAL-proven ADF technology which is fully modular for every opioid agonist and time-release profile.



But you have to name your own play. Any penny stock is betting money. I'm in my 40's with fully funded 401k, IRA, whole life insurance and three 529's getting fatter each month. I have no intention of doing anything other than maintaining my current ownership in the above-mentioned pharma factory. Recent setbacks are hits to the timeline- not hits to the ultimate potential. The assets are real and tangible. The main bet is whether or not management will execute on ANDA approvals in order to get our factory busy making products (esp. generic OxyContin). The Power Ball bonus bet is whether or not non-ADF generic IR opioids get yanked from the market. The pipeline we own includes ready-to-file antagonist ADF versions of Percocet and Norco, not to mention our beloved SequestOx version of Roxicodone. Conditions could change from a light breeze to gale force winds fairly quickly.



I say let it ride, man, let it ride.



Good fortune to all ELTP longs.