Elite Pharmaceuticals Inc (ELTP): Close to $3M cash burn, which is $3M of...

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Elite Pharmaceuticals Inc (ELTP)

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Re: JamesF1 post# 384492

Monday, 08/14/2023 9:05:33 PM

Monday, August 14, 2023 9:05:33 PM

Close to $3M cash burn, which is $3M of $4M loan received. Good thing is that as of filing, 2nd year of loans isn’t expected, but things do change. Hope we see that cash inflow start hitting Q2.

Where is margin improvement from flying solo? Does not exist.

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