Elite Pharmaceuticals Inc (ELTP): Volume isn't important at this point...

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Elite Pharmaceuticals Inc (ELTP)

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Re: CMDawg post# 346281

Thursday, 11/12/2020 1:02:15 PM

Thursday, November 12, 2020 1:02:15 PM

Volume isn't important at this point. This has quickly become a long term value play, holding for an inevitable merger or buyout in the next 2-3 years. 40-50 million annual revenues currently, already profitable, on the road to $90-100/annual revs in 2-3 years when XR hits its peak. Now calculate whatever is being worked on in R&D. 4.5x sales rate for pharma purchases= $100 million annual revs x4.5 = $450 million price = .40-.50/share minimum plus the other CNS product being developed that Elite now owns 100% of.

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