Replies to post #379295 on Elite Pharmaceuticals Inc (ELTP)

[The ELTP King]

Bye bye Lannett.

It was nice knowin' ya.

PS: Chapter 7 or Chapter 11 by 2025?

Elite got rid of Lannett at the PERFECT timing.

Just yesterday, it was Elite's first business day marketing their own products.

24 hours later, Lannett announces they are in TROUBLE.

Crazy!

[sharkey1]

may I guess,
Nasrat saw this coming,


we could all could see it coming ,
with the debt. burden as the king pointed out last year

sad that it could happen on Nasrats watch

any one can read the fins, from years Past,
Not good.
bower bower bower , Lannett is not Teva

[imanjen13]

As you know, Elite did not get rid of Lannett.

Lannett elected to prematurely end its distribution agreement with Elite when their own generic version was approved. That being said, Elite investors would rightfully be concerned of future payments from Lannett had the distribution contract not been terminated. I suspect that shipments to Lannett were terminated a month ago and Elite has been building up its own inventory for sale this quarter.

Karma is a bitch.