Support: 888-992-3836
Copyright © 2023 InvestorsHub Inc.
Replies to post #349978 on Elite Pharmaceuticals Inc (ELTP)
IB_
01/29/21 8:44 AM
#349979 RE: jour_trader #349978
NASDAQ2020
01/29/21 9:28 AM
#349981 RE: jour_trader #349978
#349982 RE: jour_trader #349978
The ELTP King
01/29/21 9:49 AM
#349985 RE: jour_trader #349978
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. “