Elite Pharmaceuticals Inc (ELTP): ELTP. Wait, what? Elite is greatly o...

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Elite Pharmaceuticals Inc (ELTP)

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Re: namtae post# 310075

Friday, 02/22/2019 12:51:20 AM

Friday, February 22, 2019 12:51:20 AM

ELTP. Wait, what?

Elite is greatly over valued.. Fair value is sub .02 confirmed

Confirmed by who?

Historical market data based on facts, contradict false opinions.

Everyone (the market) has agreed historically that ELTP is worth anywhere between .056 and .40.

In late 2015, ELTP had a PPS of .40.

At that time, ELTP had an O/S of 681,000,000, giving ELTP a market cap/public valuation of $272,400,000.

That is a simple fact and is not up for debate.

In 2019, ELTP has a market value of just $74M based on PPS and O/S.

Based on ELTPs history, it would take a 300% gain just to get back to historical valuations and established the PPS provided by traders and investors.

There are no facts or historical data to validate claims that “everyone” is willing to assign a market cap of just $16M and a PPS of .02 to ELTP.

I dare say that these claims are buffoonery.

Bwahahahahaha…

Whew, LOL, IMO and FWIW.

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