Elite Pharmaceuticals Inc (ELTP)

[The ELTP King]

Something EXTREMELY fishy is going on.


1. All 4 job openings on Elite's website were removed in one day with one click of the mouse.

2. Elite never announced the launch of Generic Adderall. They have always announced the launch of new drugs 100% of the time. Even though it is owned 50/50 with SunGen, it is Elite's biggest drug launch to date.

3. Elite never announced or updated their website with the Elite/SunGen #4 filing. This product is Elite/SunGen's 2nd antibiotic product and 4th product overall. This filing was due in March at the very latest, with previous CC's stating a "January/February" filing timeline. Positive BE results for this drug were reported back in October 2018.

Compare this to the timeline of Elite/SunGen's 1st antibiotic product.

Elite/SunGen's 1st antibiotic product:
August 14, 2018: Positive BE results reported.
January 3, 2019: FILED
Total Days: 142

Elite/SunGen's 2nd antibiotic product:
October 23, 2018: Positive BE results reported.
NOT FILED ACCORDING TO PUBLIC INFO
Total Days: 223 days and counting

4. Elite never announced the FDA approval of DANTROLENE SODIUM on February 27, 2019.

5. Elite never announced the launch of any of the generics transferred from Epic to Glenmark.

6. Elite never announced the new patent earlier this year.

7. No update on the annual shareholder meeting. No PR's or SEC filings. Nasrat on the February CC: "We are starting the process." Carter: "The whole process will take roughly 4 months once it starts." So has it started or hasn't it???


--- Numbers 4-7 are not THAT big of a deal.

--- Numbers 1-3 are EXTREMELY fishy.