Elite Pharmaceuticals Inc (ELTP): Totally agreed. He is a very smart CEO a...

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Elite Pharmaceuticals Inc (ELTP)

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Re: DSherman post# 395846

Wednesday, 02/14/2024 11:36:16 PM

Wednesday, February 14, 2024 11:36:16 PM

Totally agreed. He is a very smart CEO and I remember at certain point Elite only had Lodrane which was forced to stop manufacturing it due to FDA policy change. That was one of the time that Elite could have gone under water. Then Nasrat become CEO a couple years after and within 10 years now we have an OTC company which has annual sale of $40M+ and in a year or two we will have $100M+ sale in my opinion. Plus we have been cash flow positive for many years now and with a very strong pipeline and lots of needle movers drugs.

Nothing happened by chance rather than with a great leadership and by someone who cares for shareholders, including himself.

Numbers never lie!

Cheers

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