Elite Pharmaceuticals Inc (ELTP)

[Dante Fantasia]

All this says is ELTP and Pura had a dinner meeting 6 months ago to "negotiate a new contract." Nothing else, nothing since. That is not what is implied by claims of ELTP being wined-and-dined (i.e., "wine-ing and dining") by "the Chinese" for the purpose of anything else (like a buyout or path to Dollarland.) Doesn't even say who picked up the tab. Maybe Nasrat was the one who was doing the wining and dining and trying to get a better deal on production pricing. There is zero in this statement that suggests anything else, including any meals in the 6-month time-frame that past since this festive gourmet meal.

Again--stop taking things out of context simply to make things sound like a "big deal" is in the works. Nasrat seemed most amused that the meal was on Valentine's Day. So what? What if any "deal" reached by them included the assumption SequestOx would fly by the BE trial?

In plain English--this means nothing of substance that should affect any investment decision. They had a meeting with Puracap half a year ago. That's it.

Maz