Elite Pharmaceuticals Inc (ELTP): Elite paid Mikah $1.2M for #1 drug with...

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Elite Pharmaceuticals Inc (ELTP)

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Re: WeeZuhl post# 339300

Wednesday, 07/22/2020 1:59:50 PM

Wednesday, July 22, 2020 1:59:50 PM

Elite paid Mikah $1.2M for #1 drug with two million dollar sales, and Nostrum paid Elite $1.2M for #4 IR opioids with annual sales worth hundreds of millions of dollars.

I'd be very interested to hear from any investors who think this sounds legit. If this seems like an above-board, arm's length, righteous business deal, then please reply with further explanation. For me, I can only see the APPEARANCE OF IMPROPRIETY.

Occam's razor: the simplest solution is most likely the right one.

Hanlon's razor: never attribute to malice that which is adequately explained by stupidity.

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