Elite Pharmaceuticals Inc (ELTP)

[Sixman]

WeeZuhl

I have appreciated and respected your contributions to this board for as long as I've been reading it, however, my critical comments regarding ELTP are spot on. I can accept your criticism, but I submit you focus on ELTP as a whole rather than in an optimistic, narrow scope.

I contend:

Management failed to navigate the approval process in a timely and strategic manner. This failure in management has caused an indefinite delay for SequestOx. This delay substantially devalues the technology and makes it nearly impossible for ELTP to sell and market it. Too many years have passed. Too many missteps. Too much dilution to keep the lights on. Too many self dealings.

The technology might be the greatest thing ever, but ELTP, in its current form, has no ability bring this to market. No money. No approval. Nada.

It was great while it lasted and the market finally spoke, definitively.

The genetics don't support higher valuations.

The lack of transparency doesn't support investor confidence.

All IMO of course. I'll gladly admit being wrong if they right the ship, but I've taken my money elsewhere.

Six.