Elite Pharmaceuticals Inc (ELTP): NH will NOT announce a stock buyback. Th...

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Elite Pharmaceuticals Inc (ELTP)

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Re: jammy32 post# 388756

Sunday, 10/08/2023 10:52:45 PM

Sunday, October 08, 2023 10:52:45 PM

NH will NOT announce a stock buyback. This company is not in that kind of cash positive position yet.

Best way to get the stock price up is to execute. Being that this company is in the pharmaceutical sector all THINGS TAKE TIME.

This is not like building material goods on a production line. FDA has to safeguard the public and tests/results must be reviewed/passed. Stability studies must be done both short term and long term, bio equivalency tests performed, methods for testing developed, initial batches made and tested......... lots of things that take months and months.

Yeah, "she'll be coming around the mountain when she comes"
The stock market is in a funny place right now. Things could happen quickly.
Be glad you hold this pharmaceutical stock as a hedge against what may happen very soon.

$ELTP

Bullish

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