Elite Pharmaceuticals Inc (ELTP)

[Dante Fantasia]

What I would say Gman, and caution others about, in seeing how this type of "soup" is cooked before--

Occasionally stuff comes up. Some one (or ones) results weren't perfectly clear. One person's eligibility may be questioned if close to a given demographic (if stratifying the sample). One may require FDA clarification on how to classify. Some results may need to be re-run or additional analyses requested. The head scientist who must sign off may be out of town at a conference. Now Dianne might be awol. And pretty much a ton of other stuff can pop up. Anything. It does not mean "good" or "bad" in either sense, even as investors attempt to read tea leaves like the minute results should be released on what day and time connote a meaningful hint or "message" of the results. It doesn't.

Sometimes, in such trials, delays happen. Usually short--especially like ELTP's, but things sometimes out of the investigator's hands happen and things get pushed back some. Going back and forth for the timing, as if it holds any meaning, between the yeasayers and naysayers is a fool's errand. Very simply, there could for a myriad of reasons be a minor delay. It means absolutely nothing--especially in the context of a week or two.

Enjoy the weekend. Nothing is happening until Monday. Maybe. Probably not. Maybe some downward pressure if traders hoping for quick news to churn and exit now are faced with waiting or moving on. May not matter. makes no difference if you're playing LT; unless the news is negative, or your trading, the BE news itself is just noise on the real second shot at approval.

Maz