Elite Pharmaceuticals Inc (ELTP): Why do a buyback now when they haven’t s...

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Re: rdfdr1 post# 378778

Monday, 03/13/2023 2:23:33 PM

Monday, March 13, 2023 2:23:33 PM

Why do a buyback now when they haven’t secured their revenue stream post Lannett? Doing so now could put liquidity support in jeopardy. I’d expect Elite will be Cash Flow negative for Apr-Jun quarter and will need to pull from cash reserves.

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