Elite Pharmaceuticals Inc (ELTP): Yes CH, I'm definitely excited to see ho...

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Elite Pharmaceuticals Inc (ELTP)

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Re: Drugdoctor post# 27894

Saturday, 09/22/2012 5:38:02 AM

Saturday, September 22, 2012 5:38:02 AM

Yes CH, I'm definitely excited to see how the next few weeks and months play out. Approvals of the new products and facility should considerably raise the value of this company and subsequently, pps.

I'm relatively new to investing and I had a question I've been meaning to ask you guys on here. Anyone can answer..

I'm just throwing this out as a hypothetical, but let's say we receive a PR on Monday that states Elite has completely paid off the NJEDA debt, one way or another. Is there any technical way to know or guesstimate what that would do to the stock price? Any formula to calculate this?

In no way am I meaning to infer that this will happen soon, I'm just trying to see how their removal of this debt would affect the price. Obviously it would increase, but by how much?

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