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Elite Pharmaceuticals Inc ELTP
Posted On: 04/01/2013 4:07:31 PM
Post# of 2146
Posted By: tangerine

You keep ignoring several items that really matter in terms of the PPS and whether the company is ridiculously undervalued


Market cap - This accounts for a change in share count. The market cap has been declining while the company is growing, adding revenue, To say "what does market cap have to do with it" indicates a complete misunderstanding of valuation of a company



Claiming Epic is profiting because they converted shares at .0369, and sold 3m recently yet ignoring them buying 6m at .065 and never responding to that obvious contradiction or ignoring where all that money went (back into Elite) ie see inventory numbers blow up as well as receivables


Claiming all this dilution but not providing the numbers showing the share count changes between Qs to back up this claim. Of course the reason is the numbers didn't change much.


And we are still not talking about the launch of 60m market generics shortly or ART or Novel which are the drivers of the value and MARKET CAP in the first place.














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