Elite Pharmaceuticals Inc (ELTP)

[Pharma Sleuth]

Very exciting day for me today. Having done my DD, it is obvious that today's loan is to fund the trials that should be starting pretty much any time now. They could have diluted using LPC but why do that if you don't have too. CEO says here is 1 million dollars, lets go get this done. No delays, holdups, manipulative trading BS to force shares on the market at currently depressed prices.

The very same CEO and BOD own tons of shares and don't need to see their investments diluted either. They will sell shares to LPC when they can get fair market value.

Also note the language in the PR about products. Remember it is not just twice daily Oxy being worked here. It is once daily ART and non ART for Europe as well as Embeda.

I read the back and forth below but what is missing is that we are looking at numerous products.

I also love how the CEO who is very experienced with numerous techs (came originally from Alpharma - Embeda and ALO-02 techs) flat out says the product is superior.

Those that have looked into it, will come to this conclusion too but he is not shy. He left a 3000 person company, over seeing 25 facilities to lead a 30 man company.

I laugh when I think about him saying how his budget at Actavis was 10x Elites current market cap.