Replies to post #339555 on Elite Pharmaceuticals Inc (ELTP)

[The ELTP King]

WTF!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!????????????????????????????????

How can the agreements with Mikah, who doesn't even exist anymore, since 2016 be legal then!!!!!?????

2016 - Mikah has accordingly ceased operating and is in the process of winding down and liquidating its assets.

[The ELTP King]

I'm going to email Dianne Monday morning and see how she spins this one.

YEAR 2016 - Mikah has accordingly ceased operating and is in the process of winding down and liquidating its assets.

[WeeZuhl]

10K-2016: Mikah has accordingly ceased operating and is in the process of winding down and liquidating its assets.

10K-2017:

In May 2017, through Elite Labs, we acquired from Mikah Pharma an FDA approved ANDA for Trimipramine for aggregate consideration of $1,200,000.

It seems like a lot of money for an old ANDA, but the salesman said it was barely used and had been kept in a garage and only driven to church on Sundays by a little old lady from Poughkeepsie.

[NASDAQ2020]

What's Nasrat's incentive for getting MIKAHs half of Adderall sales to Elite.
Having half of Adderall sales (MIKAH) is a comfortable income without ever getting rid of Elite.

Nasrat will have to decided which way makes him more money.
Merger is almost his only option to make everyone happy.

ELTP