Elite Pharmaceuticals Inc (ELTP)

[HGiLS]

You are saying two opposite things. Nasrat is happy with the valuation then you continue with 1.25 to 1.5 per share.

Reminder: valuation of the company 12 years or 11 years ago was $1.4 to $2.4 or close to that. Revenues were 6 mil per year. Share count 300 million share (all from memory).

The company had almost no realistic pipeline. We rented one facility. We had no sales force. No distribution. Just manufacturing and R&D.

Nasrat on the last call reiterated M&a is the way to go. I truly believe it will be above $2.