Elite Pharmaceuticals Inc (ELTP)

[Gman24]

Wow.... you should tell that to the millions of small businesses that are hurting and applied for the PPP and many have already received it. How can this be bad for them. Now I know that with the lack of oversight that some businesses will receive the PPP that really don’t need it. Maybe Elite falls in this category..they will be cash flow positive next quarter.

But I would think less of Nasrat if he didn’t apply for the PPP...it’s a Grant....non repayable....even if you don’t use the money for payroll and/ or utilities... then it’s considered a loan to be paid back at 1%.... that’s a heck of a lot cheaper than LPC financing...

This just make smart business sense...let me know what bank you can get cheaper than 1%....working for a top 5 company... I would expect more.