Elite Pharmaceuticals Inc (ELTP)

[richme]

You bring up some very good points. They would mean a lot more if the loan had come from a Goldman Sachs or any major investment firm.
To me the arrangement is akin to getting a 33% credit card or a pay day loan, and again in my opinion, this factor diminishes the benefits of the loan. There were some individual loan arrangements in the military where new servicemen or older ones that did not take care of their money, would go to 3 for 5 lender (illegal of course) for loans. The would get $15 and pay back $25 on the next payday. Even if the borrower happened not to spend the $15, it did not make him or her any richer.

Sorry Tangerine but there is some baggage, in my opinion, to the $5M arrangement that should not be overlooked in the discussion. And yes, I still have every single ELTP share that I bought, in two accounts, one account 128K average close to .16 and one account 46K at about .085. I decided to take a chance, take a high risk, that ELTP may turn out to be one of those miracle companies that makes a move beyond most expectations and runs up a few dollars. If it does, it will get all my money back and some; if it doesn't it will not be the first time that I've lost big money.