Elite Pharmaceuticals Inc (ELTP)

[meshcan]

Another great post no2koolaid! With Opioid lawsuit crisis and FDA hurdles for Elite on SequestOx, Elite left with a few small drugs until April 2019. Our CEO turned around Elite and launched generic Adderall IR and XR and now we are back to business in $1.7 billion market, in fact one quarter of Elite Adderall IR sale with minimal penetration is almost equivalent to all other Elite's drugs sale combined. Below table is a good reminder! I believe it is unfair for bashing him why he didn't lend money to Elite to be sole owner of generic Adderalls. Seems odd but not surprising!

Btw, my 2 cents re why Mikah had to step in, of course my opinion and just speculating here: We were in a race to get the Adderall drugs off the street as Sungen was negotiating with Chinese companies or others, per CC, so Nasrat had to pull the trigger with Mikah and sign the deal asap with Sungen CEO before any other competitor give him any offer. I assume through Elite the process would be slower and we would miss our first shot at it. Just my opinion.

Hey NASDAQ2020: This is updated table based on the new info from recent CC. Let me know if anything should be changed.