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Re: The ELTP King post# 327166

Monday, 01/27/2020 1:08:46 AM

Monday, January 27, 2020 1:08:46 AM

Post# of 402120
I have been a shareholder since 2012 and am familiar with all of the CC's since that time. No such thing was said or occurred in this manner. In fact, I am inclined to call BS on this.

Elite specifically stated in the conference call back then that the first 5 million dollar payment was kept in a separate account to be used for and only for the SequestOx trials. They weren't allowed to use this money for anything else, which is the reason for the separate account.

And then Epic paid Elite 2.5 million to pay for the SequesOx NDA filing fee.

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