Elite Pharmaceuticals Inc (ELTP): I don't know how to make anyone beli...

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Elite Pharmaceuticals Inc (ELTP)

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Re: IB_ post# 337753

Tuesday, 07/07/2020 10:37:13 AM

Tuesday, July 07, 2020 10:37:13 AM

I don't know how to make anyone believe that factoring accts recable is not debt. The loan is covered completely by the receivable and it gives elite a chance to use the cash immediately and not have to wait for the receivables to be paid. Of course they will have to pay interest on the transaction but it is usually reasonable.

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