Elite Pharmaceuticals Inc (ELTP): Treppel talked about Novel two conf call...

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Elite Pharmaceuticals Inc (ELTP)

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Re: Steges post# 11081

Wednesday, 01/11/2012 2:05:19 PM

Wednesday, January 11, 2012 2:05:19 PM

Treppel talked about Novel two conf calls ago I believe. What they have done is manage to hold on to that asset and watch it grow. Probably more then double it's value or more. I think that is part of this Socius deal too. Basically, get the financing in place so you don't have to sell off your prized asset.

Which is also what led me to think that they got the financing to show a partner they can remain solvent along the way. Having an asset is nice but as time passes the value of that asset can go up or down. Cash is Cash

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