Elite Pharmaceuticals Inc (ELTP)

[Couch]

Although Elite owes only several mil in accrued exp and a/p, those numbers can accelerate as cash will begin to dwindle, no more licensing or milestone fees coming to pay bills, R&D will drain more as Elite has to start from scratch with Sequest and lets not forget Elites cash cow LPC isnt going to be providing them with 10's of millions in cash going forward.

When put in perspective, suddenly Elite might be in for a serious cash squeeze and all thats available to them is severe toxic instruments,..

Now, that will keep them out of BK for some time however, theres a huge cost for that.... which is massive dilution like never before seen and the total meltdown of ELTPs share price

thoughts?

Boy that would be true except the FACTS prove that to be nothing but BS. Best not forget Elite's increasing revenues quarter over quarter - year over year.

Total revenues were up by more than 50% on a year-on-year basis. 3.3 million for this year’s quarter as compared to 2.2 million for the June 2015 quarter. 3.3 million in total revenues includes 2.6 million in manufacturing fees. You can compare that to the manufacturing fees of 1.7 million for the June 2015 quarter and that was a good quarter back then and the March 2016 quarter just 3 months ago, manufacturing revenues were 2.2 million and that was a very good quarter. So it went from 2.2 to 2.6 million from the March to the June quarter.

So on a percentage basis, manufacturing revenues are up more than 50% on a year-on-year basis and 19% when compared to the immediately preceding quarter.