Elite Pharmaceuticals Inc (ELTP)

[Dr_Thorfin]

"The FDA believes that Elite does not have adequate SOPS for ADEs, and failed to investigate, evaluate, and timely report ADEs.Elite takes the matters identified in the Warning Letter seriously , the FDA may withhold approval of pending drug applications or take other actions that would have a material adverse impact on the Company

That sucks,i believe it can and will be a quick fix, but my view as elite beeing a perfect companie is losing ground.
Lets see how the markets react.
I dont believe 20 cent will fall though