Elite Pharmaceuticals Inc (ELTP)

[PH4RM4C3UT1C4LS]

Chart Further Strengthened .... Closed back above the 10 day MA. I believe some strong positive momentum is to be upon us in the coming days-weeks.

Multiple pieces of news are to be coming, on many fronts, from the different "baskets" we hold. The "eggs" are almost ready for hatching in each of their baskets.

For me this does not matter, for a day or swing trader perhaps, but me no. This company will most likely be bought out, or lesser likely, merged with in they very near future. It was my belief that this would be done by the end of 2018 or early 2019, but I think I am about a year off in my calculations, due to some hiccups that we have had. However, we have also diversified our portfolio much more than I anticipated before, which may garner a better price than I thought previously. My price estimate with a 1 billion share count is 0.60-0.70 cents, when all said and done, without the golden egg Sequest. However with SequestOx, I believe we furnish a price easily above 1.00 per share.

Only time will tell. All I know is I have faith in this company and have accumulated all I could, especially with all the new types of products, partnerships, and names becoming associated with Elite.

The best of luck to those with the thick skin, on the board, or even reading and not posting ;). We will be rewarded. 10-11 cents is highly undervalued at this point and time, in my opinion, and suppression of the price can only occur while volume is low. The tipping point will be soon, as interest in "little" old Elite is increasing.