Elite Pharmaceuticals Inc (ELTP): That is not what they want to do...but t...

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Elite Pharmaceuticals Inc (ELTP)

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Re: sharkey1 post# 372943

Monday, 08/29/2022 11:18:41 AM

Monday, August 29, 2022 11:18:41 AM

That is not what they want to do...but their continuing decline might mean their only way out of onerous debt is Chp 11. Looking at their future drug development and commercialization, getting out of debt would enable them to start anew. With BK they could go private and work to build the business back up, given their 80 year legacy. After which, they could do an IPO in ~ 3 years and accumulate new assets through stock sales. Still BK is often when a new C-suite (or at least CEO) is brought in. So not something Tim Crews wants to really do.

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Form 8-K - Current report • Edgar (US Regulatory) • 06/05/2024 08:07:15 PM
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