Elite Pharmaceuticals Inc (ELTP): Hedging would have been best, but at tha...

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Re: Sixman post# 215007

Monday, 07/18/2016 9:35:43 AM

Monday, July 18, 2016 9:35:43 AM

Hedging would have been best, but at that time they didn't have an abundance of money and probably didn't want to waste any. Management didn't assume anything. Nasrat specifically cited the doctor at the FDA who told them it was a labeling issue.

Should they have hedged against everything? There's an infinite number of things they could hedge against. This all comes down to the FDA changed their minds. Nasrat made that clear.

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