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Re: Eltp post# 66708

Thursday, 11/16/2017 8:33:51 AM

Thursday, November 16, 2017 8:33:51 AM

Post# of 180345
Okay, I see your side. I must ask, how do you see them getting through another 2-3 quarters with no money, no one wants to give them any as they stated, and lastly, notes coming due and a small mountain of debt? If when their balance sheet was in a better position, they added more people to th board and switched CEOs they couldn't attract an outside investment while having the same day to day non progress...why should this continue? They still have only one cat tested and none actually in the immediate future to be tested either. It stated in the Q they have vendors that are still waiting to be paid, making it harder to obtain the resources to keep testing. No testing, means no progress. Until now there has always been some light at the end of the tunnel because Cadwell would if needed int he 11th hour would step in. This past year or thereabouts has shown he has shut off his wallet and has zero plans to throw money at this. In fact they are no longer a tenant of his either. Couple this with the 3 million that starts dilution on December 1st....I don't see a reason if news comes that anyone would jump on it. Now of course we have a difference of opinion. I would like to hear your response respectfully on this. Thanks
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