Replies to post #362314 on Elite Pharmaceuticals Inc (ELTP)

[kayak_wench]

I noticed today before your post that its market cap was about what its yearly revenue. But revenue is NOT profit. Someone would not break even. They would pay out $30 some odd million but only profit $4 to $6 million for the first year, meaning it would take them about 6 to 8 years to break even. Assets that can't be liquidated without disrupting future revenue are not really liquid so I don't believe you can't mix them into the equation as you did.

What is really hurting Elite was the drop from $7 million in revenue down to 4 in the spring. It sent the message that Elite's revenue would not grow but drop. So without more products it is viewed as a sinking ship. The rebound in revenue is good, but we need more approved products. I'm disappointed that the CC made it seem we have to wait for sometime in the first half of next year for any such good news on new products. I'm also disappointed they have maintained their R&D expenditures at ~$1 million a quarter. They have the cash if they want the brass ring why not put more resources to it. I hope they aren't saving cash to buy out Nasrat's Adderall ownership. That isn't worth much in terms of affecting share price because we know the market for Adderall is overcrowded and decreasing. To quote Huey Lewis, we want a 'new' drug.

[littlerhody]

N2K,

Thanks for your time and expertise. As you know, being a ELTP shareholder has been frustrating to say the least. ELTP has been as you stated the antithesis of the MEME stocks. It seems the number of folks throwing in the ELTP towel increases. Hopefully, those remaining will maintain their resolve and stay the course.

Your posts are the few rays of sunlight that shine on the positive things that HN and his team have implemented to turn this company around.

I look forward to your next chapter.

[DSherman]

Spot on post re Elite’s magnificent progress under our CEO. Despite comments, Eltp is very manipulated with resistance, why is anyone’s guess, but they will let it go when they are ready and it will be swift. I’ll be the last to complain but the stock had absolutely no tech or fundamental reason to run to $0,96 in 14’ or for others to buy in on the way down at still inflated prices. I waited 7 yrs to buy back in as others should have, only because we were close to the previous bottom wherein there were previously no fundamentals, unlike the current good fundamentals. >Dissatisfaction in the market is usually relative to timing and impatience, as we have seen, many who held for years stated they were dumping quite recently. The one advantage the Hedge has over most traders is patience, time , money and a complete lack of anxiety relative to the above.
Elite is presently a well oiled machine with a great future. The pps should be around $0.50 compared to other Cos with their revenue and OS.
Eltp$$$$$

[NASDAQ2020]

Thanks for the informative post.
ELTPs time will come.

GLTY

[Just give me $1.50]

no2koolaid (Shareholder): "Elite is not going to reverse."

Nasrat (CEO): "We are going to reverse when Elite hits .15 to .25"


Conclusion: WTF!!!!!?????