Elite Pharmaceuticals Inc (ELTP): Not paying interest was strategic in nat...

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Elite Pharmaceuticals Inc (ELTP)

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Re: sharkey1 post# 379290

Tuesday, 04/04/2023 8:10:53 AM

Tuesday, April 04, 2023 8:10:53 AM

Not paying interest was strategic in nature. This won’t be a chapter 7 with insulin glargine to be realized over next couple years. No need for ch 11 either if they can successfully negotiate with key creditors. One option discussed which was a debt to common equity conversion, which would significantly dilute current shareholders. Either way, Lannett will be around for many years to come. I just wouldn’t buy their stock right now. :)

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