Elite Pharmaceuticals Inc (ELTP)

[The ELTP King]

Last Conference Call:

Question: "SequestOx, are you still thinking about submitting SequestOx or have you begun the process, if the later when is your target date for resubmission assuming all as well?"

Nasrat: "We have never withdrawn SequestOx. It’s still a pending application with the FDA. We just did not finish all of the clinical trials they ask us to do. That’ll cost tons of money, millions of dollars, but we cannot resubmit what has not been withdrawn. It’s still an active application. We have decided not to pursue it because of financials as I’ve explained many times before."

Why is all this oxygen being wasted on discussing sequestox. The rat has said over and over its dead on arrival. Give it a rest.