Elite Pharmaceuticals Inc (ELTP): Q1 Apr-Jun might be a cash burn quarter....

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Elite Pharmaceuticals Inc (ELTP)

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Re: Pharma Sleuth post# 380209

Friday, 05/12/2023 5:44:37 PM

Friday, May 12, 2023 5:44:37 PM

Q1 Apr-Jun might be a cash burn quarter. Buying all or much of the float will be near impossible. Buyback program has to be approved by BOD and publicly announced. Stock price would rise on that news alone. I agree they should have a small & steady buyback to clean up capital structure while revenue grows. Seems like CEO can only focus on one thing at a time.

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Recent ELTP News

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