Elite Pharmaceuticals Inc (ELTP)

[rrr2003]

That near $5m fee kept them going but now, in the recent fiscal year, that fee is no longer propping them up... Uh oh

Bottom line. . .if you subtract the one time milestone payments from the licensing fees the result is a 1 mil increase in revenue from the last 9 month period to this period. Rather than listen to unqualified opinions, I am going to go with the expert (the CFO) who has provided details on the revenue increase. Contrary to what is being implied here, Elite is in the best financial shape since its inception. The implied message that ELTP is not receiving any milestone fees this fiscal period and is at risk of BK is just ludicrous nonsense.