Replies to post #342262 on Elite Pharmaceuticals Inc (ELTP)

[Jeff Invest]

You forgot the IMO part. The market cap is well above the true value of this company. And the pps will decline with the 45% approved dilution.

[dr_lowenstein]

not sure I follow that , based on industry comparables, namely P/S, elto is still seriously overvalued

[YJ4LIFE]

WOULD YOU?

[Makai63]

I stopped recommending this stock a couple of years ago. I still believe there is life in the company (even though it was scary as hell). I think most of the people on the board realizes that without the SUNGEN deal...where would Elite be right now? This was a "drug" deal that actually went in our favor. I feel a lot more comfortable with my investment now, even though I'm still not recommending. It would be a different story if we were at $1.25 pps. On our current positive cash flow path, I will continue to buy in the dips (today is probably a good dip), as this stock price will slowly increase. A couple of positive announcements and a couple of positive articles, we will be on our way.

Holding tight...We are in the grid now...nose down and continue to work hard.

BTW: I agree on the conflict of interest between Mikah and Elite...but, what other company would you rather have buy the other 50% (it was more than $3M BTW)?

[Je3232]

It’s down 10 percent today. After every CC the stock drops. Nasrat needs to sell the company