Elite Pharmaceuticals Inc (ELTP)

[Drugdoctor]

re"Aside from it being counter productive they are basically friendly partners that are pretty much tied together at this point."

And a good friendly partner it is, at this point. The FDA order on their drugs is a very bad thing for Elite, as it stands, however, there is time to possibly get approval from the FDA and HITK is working on that. How long it will take to get the phentermine new drug application switched to Elite for production remains to be seen, and the dilution from midsummer and the other preferred holders is also a negative.

However, with the potential the company has... paying .05 for shares at this level, with a potential outstanding of 300 million shares, doesn't seem a bad proposition to me.