Elite Pharmaceuticals Inc (ELTP): They have $7.5m in cash as of last Q and...

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Elite Pharmaceuticals Inc (ELTP)

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Re: Auger08 post# 141185

Thursday, 01/15/2015 1:47:17 PM

Thursday, January 15, 2015 1:47:17 PM

They have $7.5m in cash as of last Q and operations generally runs cash neutral outside of R&D. And many of the trials needed on the three products are already done. If they diluted the company 5% that would enough for further trials not counting the cash they already have on hand......Plus they just got a milestone payment today and should have just gotten .5 - 1m dollars as part of the NJ program they get every year....if it is still in effect.

Are non retail MMs still playing the same games? of course....

" A cynic is a man who knows the price of everything and the value of nothing". - Oscar Wilde

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