Elite Pharmaceuticals Inc (ELTP): Way too big of a risk to buyback shares...

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Elite Pharmaceuticals Inc (ELTP)

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Re: MR ELITE post# 192382

Sunday, 04/03/2016 7:55:54 PM

Sunday, April 03, 2016 7:55:54 PM

Way too big of a risk to buyback shares now. It is a pure gamble. If FDA says they need another trial or more data and they already buyback shares they are caught being short on cash. No company would take that risk. Buyback could occur if they become flush with cash after trial/phase investments & HAL studies are funded first. Unrealistic otherwise.

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