Elite Pharmaceuticals Inc (ELTP): Milestones have the same impact in 2017...

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Elite Pharmaceuticals Inc (ELTP)

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Re: freegriff post# 260539

Sunday, 06/11/2017 10:05:51 PM

Sunday, June 11, 2017 10:05:51 PM

Milestones have the same impact in 2017 as they do in 2016. There is no change. Revenue is spread over tenure of agreement with Epic. Now If that Epic agreement comes to an end, you can play an accounting trick and have the remaining amount booked as revenue, similar to writing off remaining book depreciation when selling assets. I wouldn't be surprised to see this sleight of hand at some point.

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