Replies to post #396708 on Elite Pharmaceuticals Inc (ELTP)

[The ELTP King]

Can't wait to talk so much sh*t to you when, not if, WHEN Elite buys the Adderalls from Mikah.

What I don’t think he will do is sell Mikah’s share of Adderall to Elite.

[jour_trader]

I think Elite will buy remaining ownership from Mikah within the next year. I believe the acceptable offer wasn’t a fixed $ amount, but rather a fair multiple based on recent performance so that the value will change over time. Just my guess. I think he gets a fair return from Elite and then enhancing the acquisition price for ELTP when it is time to sell - so a double benefit of sorts.