Elite Pharmaceuticals Inc (ELTP): What. . .less than a million in cash now...

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Elite Pharmaceuticals Inc (ELTP)

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Re: jour_trader post# 319212

Sunday, 08/11/2019 3:27:24 PM

Sunday, August 11, 2019 3:27:24 PM

What. . .less than a million in cash now? I must be reading the last Q all wrong.

They have less than a million in cash on hand now (maybe $600K).

I am seeing cash on hand for 2019 Q4 as being $2,277,643 and 2020 Q1 at $2,576,948 an increase of $300,000. So. . .you are saying Elite has burned through 1.5 million dollars half way through Q2? I find that hard to believe.

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https://s3.amazonaws.com/sec.irpass.cc/2258/0001213900-19-015154.pdf

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