There are no buyers until the company can replace the 90% of revenues that will be lost when Lannett/Elite partnership ends. We won’t see the impact until next year and see how prepared Elite is for this transformational opportunity, for better or worse, depending on their ability to execute.
With Lannett dumping Elite, a purchase price could be sub .02
Hope that $12m loan keeps Elite afloat a little longer
Is the bank aware Elites partner, responsible for a massive percentage of Elites revenue, has dumped them? They should be alerted in the interest of fair play