Elite Pharmaceuticals Inc (ELTP): $50-60m per Q? That will be the day! See...

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Elite Pharmaceuticals Inc (ELTP)

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Re: Jimmy Joe post# 323642

Friday, 11/15/2019 9:16:42 AM

Friday, November 15, 2019 9:16:42 AM

$50-60m per Q? That will be the day! Seems like a distant promise land, but the road map is coming into focus. I am certainly hoping you are right in terms of pace.

Agreed, a buyback would indeed be a great way to address the share count. I just don’t typically associate buybacks with small-cap growth stocks.

Honest question to you and the board - how many R&D micro-cap biotechs roll out a share repurchase plan after hitting their stride? Any examples? Once Nasrat’s shares are converted to common his motivations will be aligned with shareholders. Just not sure of how common that is in this industry.

Follow up... if we are doing $200m plus per year does it even matter that there are a billion shares outstanding?

Cheers

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