Replies to post #331908 on Elite Pharmaceuticals Inc (ELTP)

[Gman24]

You might want to freshen up on your DD


https://www.google.com/url?sa=t&rct=j&q=&esrc=s&source=web&cd=2&ved=2ahUKEwjW8O7x94HpAhUIac0KHSL9ApsQFjABegQIChAF&url=https%3A%2F%2Fwww.wsj.com%2Farticles%2Fthese-are-the-public-companies-that-got-small-business-loans-11587493742&usg=AOvVaw03J160ytpL8H8NseuPDZo6

[WeeZuhl]

Public companies are strongly encouraged to return funds if they did receive any. Elite will not benefit at all. Anything else is a fabrication.

I hope the companies who get the help are the ones who really need it and not those who simply find it to be a convenient business opportunity. I paid attention to JJ's post earlier about potential shutdowns. I think it is inevitable that just about every facility will go through something like this, probably even multiple times. Maybe routine processes will need to slow down for safety. This is not going to be over any time soon, and our solitary factory is at the epicenter of the global outbreak. Every company can expect delays, slowdowns, and shutdowns for many months to come. If a company can continue operations without government money, then I think they should leave it alone.


And if that's not good enough, then I would remind everyone of the last time Elite Pharma dipped their hands in the government honeypot, in the form of NJ bonds. It was damn near their ruination, and the bonds were the direct cause of "going concern" language for years to come.