Elite Pharmaceuticals Inc (ELTP)

[no2koolaid]

Context is important. When that "once a quarter filing" was announced by Elite the money came from selling shares to Lincoln Park Capital and we know that the company had problems doing that not because of LPC but because the p/s was below the price needed for them to sell according to the contract. This is why the new LPC deal lowered the basement price from 10 cents to 3 cents. That effectively eliminated the effort to squeeze Elite financially, which is reason enough to be happy as investors. But, the context has changed and now Elite's product development will be financed by the cashflow born of the profits of the company. Just like big firms that are profitable. A big distinction...and...

...The reason I know this distinction is from working as a business executive with global responsibilities for a Fortune 50, not being isolated in some technical setting. It is very different being an executive in a Fortune 50 firm, with a budget that far and away exceeded that of Elite, as I traveled the globe to help the business. Speaking of context, that is a BFDifference. But, as the SVP of Finance once told me, if you have to explain such differences, why bother?