Elite Pharmaceuticals Inc (ELTP): Did a quick search, Lannett is 500 mill...

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Elite Pharmaceuticals Inc (ELTP)

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Re: The ELTP King post# 379586

Thursday, 04/20/2023 5:22:52 AM

Thursday, April 20, 2023 5:22:52 AM

Did a quick search, Lannett is 500 mill in debt, give or take, in contrast Teva is said to be 23 billion in debt.
Not sure how this works if they Declaire BK, chapter 7 or 11, but they may be able to wipe that debt off the books, open the doors the next day and start selling product again, just like the Airlines do all the time.

Bullish

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