Elite Pharmaceuticals Inc (ELTP): Incorrect. The valuation was based on...

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Elite Pharmaceuticals Inc (ELTP)

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Re: no2koolaid post# 339369

Thursday, 07/23/2020 12:37:10 AM

Thursday, July 23, 2020 12:37:10 AM

Incorrect.

The valuation was based on Elite's ART technology, as Nasrat stated on the CC in 2013.

Nasrat responding to the valuation of $2.10:

QUOTE: "It is because of our ART technology."

Now the ART technology is just a small bonus in the valuation as it never came to fruition.......as of right now.

However, we also didn't have the two Adderall products at the time in addition to Generic Concerta in the pipeline.

So nobody has a CLUE what the ACTUAL valuation is.

That means, based on the current dilution including Series J, holding steady the old valuation midpoint of $2.10, Elite’s shares would be valued at $1.06.

"Most people get interested in stocks when everyone else is. The time to get interested is when no one else is. You can't buy what is popular and do well." - Warren Buffett

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