Elite Pharmaceuticals Inc (ELTP)

[namtae]

The fact Elite has assets, a business, a long history is what makes a RM more complicated

Elite has assets that make it worth a lot more than a shell company

Elite isnt a shell. It requires a lot more due diligence, requires butting heads on valuation/control etc

What would another operating company desire a RM unless it was to take control of Elite? They can do that privately without the complication of becoming public.

If their desire is to both acquire Elite and remain public, that just narrowed down the field of potential buyers dramatically.