Elite Pharmaceuticals Inc (ELTP)

[Makai63]

Last page of the February 2024 Transcripts:😁

It’s a very good idea. And someday, we’ll implement it, but right now, it can’t be done. Last question, let’s see, company’s futures, what would Mr. Hakim say is the likelihood that Elite will uplift to NASDAQ within the next five years? What would Mr. Hakim say is the likelihood that Elite will get bought out by a large arrival within the next five years? Two things I’ll say to that. One, cut that prediction in half or more than half. Five years is a very long time to do either. We are at a point where our fundamentals are solid, and we are in a growth stage, as I said earlier. We’re not flattening out at $30 million and $40 million. We skip the 40s, went to 50s. And we’ll talk in June once I have a little more data, what I expect for the future.

But definitely, the year after, we’re going to beat that. And the year after, we’re going to be that. So we’re at a growth stage. So the fundamentals are looking great, a buyout is looking great. And five years is way too long for that. So I would say either of this will happen in a couple of years. All right. That was the last question. It’s been a great quarter. We’re looking forward to a great year, ending in June. So we’ll talk to you after we file the 10-K in June. Have a wonderful day, and thank you, Matthew.