Replies to post #349946 on Elite Pharmaceuticals Inc (ELTP)

[namtae]

But the pandemic began almost a year ago

Still, it is possible that the current manufacturing environment - stressed by the pandemic and causing increased outsourcing - has opened up opportunities for Elite's unused manufacturing capacity.

Why is Elite the last one to join (thats if they join) the party?

I think we all know why

[jour_trader]

Desperate times call for desperate measures.

This is just one of several instances where Nasrat stated the bad business that contract manufacturing is. After this quote he ends up selling off Methadone ANDA to make the situation even worse. And now he‘a going back to contract mfg after turning his back on the weak margins. Amazing visionary. :D

“Now, remember, there is a big difference between contract manufacturing and ANDA ownership. In the past, Elite earned a manufacturing fee and that is all.

Referring to minimal revenue earned under Methadone contracting prior to ANDA ownership...before they sold that line off as well. “

[jgsnys]

Adderall never performed as hoped.
. . . There are a lot of folks on these boards who
call themselves "Doctor" so-and-so who actually have no
medical training whatsoever. You certainly sound professorial.
And, as such, so as to bring a fresh perspective to the Elite Shareholder experience, you have coined the term, "Elite shareholder scar-tissue". I don't think we are at the stage where attempts at healing have occurred. I think we are currently in the midst of a good old fashioned New Jersey pharmaceutical company goring courtesy of "Nasrat The Bull" (In a China-shop).