Elite Pharmaceuticals Inc (ELTP)

[ARbigguy1]

JEEZZZ! Elite could buy with shares but SUNGEN wanted all CASH for their part of the adderall generics!
Carter was right - Elite's cash is needed for operations and R&D therefore they did not have the cash available!
It was smart to keep the focus on Elite's cash needs and not try to raise cash by dumping shares through Lincoln Park Capital. SUNGEN may not have waited for Elite to sell shares and may have already had a unknown bidder ready to offer cash so time was of concern.
Key is we do not know all the details and we never will as WE DO NOT HAVE THE LEGAL RIGHT to know it ALL!!! Get over it already! Things are still good for ELITE!!!
It is great that Nasrat bought SUNGEN's interest in the adderall generics as we know that he is committed to ELITE's success and will look out for ELITE's best interest as that is in his best interest. What if a SUNGEN sold their interest to someone that created problems for ELITE??

Elite still gets their share of the adderall generics!
Elite's revenue will continue to increase from the adderall generics!
Elite will have no problems with adderall generics as Nasrat is the new partner and not some unknown trouble maker!
Elite can focus their cash where they need it the most (i.e., getting the next 1.5 billion generic developed, approved, launched)!