Replies to post #339925 on Elite Pharmaceuticals Inc (ELTP)

[The ELTP King]

Great question for the CC!

We all know the REAL reason why Nasrat sold off those 4 drugs. (5th one sold was a duplicate)

It's because Elite needed the cash for the launch of Adderall XR, general and administrative expenses, etc...

Why not use LPC? Because Elite was below .10 and couldn't use them to generate much needed cash.

He just used the opioid epidemic as a COVER UP.

Please clarify. For what illegal behavior would Elite be sued? Why didn't we get sued already, since we've been selling hydromorphone and methadone since 2010/2012. Since you support the selling of the opioid ANDA, do you think Nasrat should ask Epic to stop sending us our 15% share of oxyIR?