Replies to post #124515 on Elite Pharmaceuticals Inc (ELTP)

[John_Langston]

Tough to say since the evaluation company that said ELTP is worth $2.10 a share will not buy a single ELTP share at 0.32. LOL

[richme]

$1.00; everything above that would be gravy train time. Do I think ELTP is worth $1.00? Let me answer this way. I read on the internet of this newly discovered planet about 1.5 times the weight of the earth. Well guess what assuming that it is true as is said that the new planet is nearly 100% diamonds, what is that planet worth. My answer would be ZERO since there is no way of recovering the diamond/diamonds. Same same for Elite might be worth $20 a share but if we can only recover $1.00 that would be fine with me. I think current management is an impediment to a higher return.