Elite Pharmaceuticals Inc (ELTP)

[Steges]

Mr. Treppel: "If you're familiar with the valuation accretion curve in pharmaceuticals, a little effort goes a long way in terms of creating value in pharmaceutical products. What I mean by that is that if you have a formula that's worth X, if you can make a pilot batch, it's X times two. If you can make a commercial batch, well, it's X times some number, and finally, if you can do a bio study that's successful, well, it's X times many, many times. And that's our goal here. Okay? So for not an extraordinary amount invested, you get a lot in return."