Replies to post #156437 on Elite Pharmaceuticals Inc (ELTP)

[Jimmy Joe]

I tend to think along the same line as you Mr. Elite. At some point in time they may retire some shares with a stock buy back.

Another option could be a reverse merger with Epic as Aqua brought up. This could have been the plan all along. The two companies merging into one would also up the anti for a buyout... even though I dont see a buyout happening now that they signed this marketing/distribution deal with Epic.

This $15 million Epic is giving Elite as a non-refundable milestone payment speaks volumes as to what they know they have.
It is a drop in a bucket compared to the revenue both companies will bring in. Again this is a good investment by Epic. That $15 million will end up paying for itself many times over.

Elite looks and feels poised to run soon.