Elite Pharmaceuticals Inc (ELTP)

[Winechemist]

Good morning everyone and thank you for the compliments. Just to confirm I am a chemist by background and I run a Pharmaceutical Research and Development lab that has been filing ANDAs for oral solution and suspension products for the past 23 years. We have over 20 designated products and 20 ANDAs approved through my facility. I am also the DEA controlled substance manager so everything I share with you is from my direct experience in the industry. To put it in perspective, Jim Huang from Sungen was my old boss at Bausch and Lomb, my current CDMO sales rep spent Christmas at Nasrat's house. The pharmaceutical industry is small close knit family. My dad and I are very excited about the potential future of our investment and in my opinion the latest move with the SEC filings is in anticipation of something as it really appears as though they are getting their ducks in a row. Either way as Nasrat stated, they are at the growth phase in their revenue and to be honest this growth phase has occurred with current products and doesn't even include the new ones coming down the pike. Exciting times ahead. Cheers everyone!!