Elite Pharmaceuticals Inc (ELTP)

[mts]

Moneytree- There will be delays. It happens all the time in this industry. Look at Embeda. That is what NH was trying to convey. The ball is in their (FDA's) court. He has done all he can do for now. He really is fulfilling his end of the bargain better than I have ever seen. He conferred with the FDA all along the way bringing them into the process very early- only someone who has dealt with the FDA and has had a lot of experience would know how best to approach this. He brought in Camargo as well. Camargo is well respected so it goes beyond just NH and what ELTP says. NH has built a great case for ELTP with the FDA. He has brought in 3 more well experienced people who also are known entities with the FDA. But even in spite of all of this great prep work and laying the ground work by NH there will be delays. At least the FDA said they would expedite matters as they could. The FDA has also been prepping and laying ground work with their PR's about goals and expediting apps. THis will give further support to the FDA if they decide to further expedite things with ELTP. Remember ART is a delivery process that can be applied to many drugs not just narcotics.SO this is a big thing for the FDA. Be patient. You will absolutely regret for the rest of your life for giving up and selling out too early. Compared to inventing a new drug and going through all the steps this is a breeze. The FDA is really just concerned about the delivery system not the actual drugs themselves. Many people have written these same thoughts on this board.