Elite Pharmaceuticals Inc (ELTP)

[rrr2003]

Actually, the ANDA's were purchased by a convertible note.

the andas were acquired on 8/1/2013. The 10Q filed a few days later showed 231K in cash. LOL LOL

"On August 1, 2013, Elite Laboratories, Inc. (“Elite”),a wholly-owned subsidiary of Elite Pharmaceuticals, Inc. (the “Company”),executed an
asset purchase agreement (the “Purchase Agreement”) with Mikah Pharma LLC(“Mikah”)and acquired fromMikah a total of 13
Abbreviated NewDrug Applications (“ANDAs”)consisting of 12ANDAs approved by the U.S. Food and Drug Administration (the
“FDA”)and one ANDA underactive reviewwith the FDA,and allamendments thereto (the “Acquisition”) foraggregate consideration of
$10,000,000, payable pursuant to a secured convertible note due in August 2016 (the “Note”)."

http://ir.elitepharma.com/profiles/investor/pdfview.aspx?m=secpdf&c=1053369&ID=000114420413042864/0001144204-13-042864&b=2258