Exactly !! Claiming something about ELTP prospering because Glenmark has a plant nearby is as silly as claiming Buffett is buying Elite because someone heard him say that he is one of the "Elite" Billionaires !!!!
Ichnos wants to be a public company according to statements made by the CEO. A reverse merger would be esier than an IPO. Elite is a clean public company with a very good revenue stream that could help fund their R&D and Ichnos would gain more investors by being a publicly traded company. With the comments both companies have made they would seem to be a good match. Again, it was just a thought. Maybe someone with some experience on stuff like this could comment.
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