Replies to post #206535 on Elite Pharmaceuticals Inc (ELTP)

[namtae]

PuraCap, the company that DOESNT market pain management products in the US?

This is becoming a total embarrassment for ELTP. No wonder the stock was falling to pieces and the more the CC transcript is read, the more sellers will emerge running for the door

PuraCap has a brand division and you met with the woman who’s in charge of sales and marketing, I’ve seen her on the unit, it looks impressive. But on the other hand, they do not currently service the pain market in the U.S. if I’m reading it correctly. Please do correct me if I’m wrong or not. And if that’s the case, do you view them as the optimum sales and marketing partner or if they’re not interested, if this is actually an opportunity to work with someone who’s a little more dialed into the medical community, that’s actually prescribing these drugs?

Nasrat Hakim

You are correct, in the U.S. their sales and marketing is not focused on pain management

[LeftySeaTurtle]

I was a bit nonplussed by Mr. Hakim's comments relating to Puracap. I am hard pressed to understand why he did not know whether Puracap would have to abide by the license agreement after the purchase by Puracap of Epic. I think that is reason no. 1 for the sell off. In the end, I understand the ability of ELTP to bring the drug to market has to weigh heavily on weather the drug is approved. So, in that regard, a short delay, while that issue is squared away, could be a benefit. In the meantime, as I mentioned yesterday, I expect many more 10-20% daily swings and more opportunities to pick up free shares along the way. No question about it we will continue to have some volatile days.

[mightymk]

No the highlight was when nasarat stupidly states that a r/s wont probably happen in 2-3 years, shows he knows how long it will take to get to the nasadaq

[Sixman]

That is an absolutely wrong and dishonest summary of the tone and content of that part of the conference call.

[dr_lowenstein]

LOL LOL Purecrap may not even be interested- NH, (our fearless leader)

[30thirdwart]

PuraCap is going to buy Elite. #Predictions