Elite Pharmaceuticals Inc (ELTP)

[BS Sifter]

News From The Meeting

There was one thing that was discussed that resonated with me very well. During the Q&A session a person asked if the recent demand from the public, legislators, and FDA for abuse resistant opioids was favorable for ELTP.

NH, without hesitation, said yes. He then went on to say that the table has been set for us and if we don't get a product to market then "shame on us." Basically he's saying we are here at he right time, with the right product and the know-how to make it happen. It would be very difficult to screw this up.

NH, Jerry & co are very confident, determined, and optimistic of the task they are undertaking and what they plan to achieve. NH has a clear plan and vision of where this is all going.

NH was very confident in his answers, looking people straight in the eye, not much blinking, squirming or anything else that would indicate something was wrong. He's a hell of a guy, good guy, honest and intelligent.

Again, I do commercial loans - prime and subprime in the nj/NYC area. You cannot imagine the characters I deal with. I rarely have a default. I know people, I see through people like looking through a window. I know when people are good and I know when they are dirtbags.

I sat in front of the whole board at the meeting and did my best to analyze all of them. I spoke with them afterwards, shook their hands and looked them in the eye. These are good, intelligent, honest people. I feel a lot better with my investment after going to the meeting.

Nothing is guaranteed, but I know these people will do everything they can to make us all succeed.