Elite Pharmaceuticals Inc (ELTP)

[The ELTP King]

Nasrat ALREADY stated on the June 2020 conference call that they are going to develop Concerta "up to a point" where they can run a clinical trial ... and that's it.

Read between the lines.

Elite will NOT be waiting for the approval of Concerta AND they won't ever launch it. That will be the job of the company who buys us.

And why is that?

Because Elite is ALREADY having trouble keeping up with SO MUCH demand for both Adderall products that they are having to spend TONS of money upgrading their existing equipment and as well as trying to come up with CLEVER ways to EXPAND their existing facility which is a PERMANENT structure.

2nd shift ALREADY started last year and Lannett is currently quote "working on MULTIPLE contracts".

It's about to be GAME OVER for Elite ... within two years.

And when I say GAME OVER it means BUYOUT.

https://investorshub.advfn.com/boards/read_msg.aspx?message_id=157814629

The Concerta application is not imminent and FDA approval before CY2022 is extremely unlikely.