Elite Pharmaceuticals Inc (ELTP)

[WeeZuhl]

You just admitted Nasrat did the right thing by selling off the opioids.

Extremely unlikely is NOT 100%. It means there's a chance.

And if that chance happened it would mean BANKRUPTCY for Elite.

Case closed.

The logic of this argument falls in on itself. What dumbass lawyer would sue a company in such dire financial shape that it would immediately result in the end of operations? What would be the point of that? And once again I will ask, for what reason would they be sued? What did they do? Feel free to review in the FDA Orange Book the many companies who still enjoy excellent revenue from their opioid ANDA's without ever being sued for it.


This was a business that was labeled a "going concern" by their auditor because of their lack of revenue, and the CEO sold off their greatest revenue-generating assets in an attempt to decrease an already extremely low risk of opioid litigation. There is no such thing as zero risk. Who would you rather have as the CEO- the guy who panics at low risk and dumps the most valuable assets in the history of the company, or the guy who picked them up for a tiny fraction of their development cost? Even if he chooses to just hold them for now, would you rather have the guy who is looking 2-3 years down the road or the guy who constantly "pivots" from one strategy to another, never delivering what he promises for any of them? Shareholders have learned that when Nasrat talks about buckets, then they should get their shovels. The crap from him just keeps getting deeper and deeper.



What Nostrum got from Elite for $1.2 million:

1. Norco
2. Percocet
3. Dilaudid
4. Methadone


What Elite got from Mikah for $1.2 million:

1. Trimipramine

Case closed.