Context is important. When that "once a quarter filing" was announced by Elite the money came from selling shares to Lincoln Park Capital and we know that the company had problems doing that not because of LPC but because the p/s was below the price needed for them to sell according to the contract. This is why the new LPC deal lowered the basement price from 10 cents to 3 cents. That effectively eliminated the effort to squeeze Elite financially, which is reason enough to be happy as investors.
Context is important, but I'm not sure what you're trying to say here. The "once a quarter" filings I'm familiar with are from 2016-2017 when the share price was high teens & twenties. I don't know how the LPC floor limit is relevant to this discussion, but I definitely disagree that lowering the floor to 3 cents is a reason for investors to rejoice. I would also point out that we're getting depressingly close to that limit.
The actual important context here is that the first time around was a disaster for shareholders. After millions of dollars spent over several years, and after multiple delays, including various CRLs, not one of those quarterly ANDA's ever made a dime for a shareholders. Nasrat Hakim collected those approvals on behalf of the shareholders and then without a word of discussion he sold them off to his buddies for a fraction of their cost. It causes one to wonder what kind of business relationship there is between Nostrum and Mikah, two conveniently private companies without any public disclosure requirements.
Even if you believe his line of crap about opioids being too risky, absolutely nothing changed in the opioid landscape from late 2016 when they were filed and late 2019 when they were sold. Nothing. So if he didn't want to be in the opioid business, why did he file them? Either he is a self-interested liar or an incompetent strategist unable to comprehend his business environment. Or both. That's the true context of One New ANDA Every Quarter. It was always more of a slogan than a strategy, and there is no reason to believe he would not do the exact same thing again in 2023.
The reason I know this distinction is from working as a business executive with global responsibilities for a Fortune 50, not being isolated in some technical setting. It is very different being an executive in a Fortune 50 firm, with a budget that far and away exceeded that of Elite, as I traveled the globe to help the business.
Sounds awesome. Congratulations on your former success.