Elite Pharmaceuticals Inc (ELTP): NH appeared to be thinking near term for...

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Elite Pharmaceuticals Inc (ELTP)

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Re: jour_trader post# 390432

Friday, 11/03/2023 11:30:04 AM

Friday, November 03, 2023 11:30:04 AM

NH appeared to be thinking near term for plant expansion, and investors do not know the amount of Adderall Burel will require.
Since a new factory will require certification by the FDA, perhaps Elite will be able to lease a part of the facility from a neighbor that does not make Adderall who has extra capacity.

On another note, Level 2 is useless at this time as a predictor of future movement as bids and offers are the lowest I have seen in years.

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