Elite Pharmaceuticals Inc (ELTP)

[lasers]

Clients limits will be raised as demand grows for $ELTP's ANDAS Opioids to meet the increase demand by patients.

In the real world $ELTPs cash on hand is growing as are their ANDAs sales.

I received a few questions relating to my comments last quarter regarding the timing of shipments. Specifically I had mentioned that some shipments had just missed the September 30 cut-off last quarter, so the answer to those questions is yes. Those shipments were reflected in the December quarter's revenues but on the flipside the end of the December quarter we had a hold on to some finish inventory and not should to a customer due to a quota issue that the customer had. So they ran out of 2016 quarter, we had a wait until January to ship.