Elite Pharmaceuticals Inc (ELTP)

[Mophron]

It's .01 for every million per month profit on 10x pe, not .10.
12 million earnings a year on 10x pe is 120 million market cap, or around .12 cents a share.
I'm also confused by the sentiment on this board that R and D is not a real expense and that it can be added back into profit. R and d will always be an expense and will always be necessary to maintain and grow revenues. They are never going to stop doing it. Sure it's voluntary but its not rational to add it back into profit.
Lastly, the company is currently not profitable. It only looks that way since Nasrat is allowing them to delay the profit splits. These profit split amounts are in excess of the stated earnings amount.
Fun fact, at the current revenue rate, Nasrat is making over 7 million a year in profit just from Adderall ir and er profit splits. Elite would need well over 20 million $ to purchase it from him. Nasrat could retire today and make 7 million a year in annuities from this.
I know how yall get with the insults and name calling when anyone disagrees with you so do what u need to do.
New investors deserve accurate information.
I hold millions of shares and expect 1$ in a few years, but your "basic math" needs to be checked.