Elite Pharmaceuticals Inc (ELTP): 10K-2016: Mikah has accordingly ceased...

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Elite Pharmaceuticals Inc (ELTP)

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Re: WeeZuhl post# 339555

Friday, 07/24/2020 12:47:17 PM

Friday, July 24, 2020 12:47:17 PM

10K-2016: Mikah has accordingly ceased operating and is in the process of winding down and liquidating its assets.

10K-2017:

In May 2017, through Elite Labs, we acquired from Mikah Pharma an FDA approved ANDA for Trimipramine for aggregate consideration of $1,200,000.

It seems like a lot of money for an old ANDA, but the salesman said it was barely used and had been kept in a garage and only driven to church on Sundays by a little old lady from Poughkeepsie.

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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