Replies to post #401551 on Elite Pharmaceuticals Inc (ELTP)

[Pharma Sleuth]

Gonna have to try a new ID. What debt? Their mortgage? The loans for cash flow until receivables come in? Do some research, come back with a better strategy. Read the filings. How many shares are you guys or the guys you work for SHORT?

[jour_trader]

The only way debt even could be remotely considered large is if you count long-term lease liabilities as debt. Elite is renting the property next door for their manufacturing and storage expansion strategy. Even including this, their debt will still be negligible as ST debt used to support inventory growth is expected to be paid off by fiscal year end (March 2024 or March 2025). Debt owed to Mikah for profit split should have also been paid off by Q4 that we’ll see in the upcoming financials.