Elite Pharmaceuticals Inc (ELTP)

[heidibrown]

Hmm. Yeah. That makes sense. I tried to slosh through the directions for the S-3 trying to figure out WHY they would use the S-1. I figured they HAD to. As you pointed out, it is the default status that gives them the privilege of completing the S-1.

And looking at the "burden hours" of preparation, it looks like their lawyers made close to $200,000 to prepare the S-1. Maybe more. Like Billy said, "First......

Seems Elite did what they had to do to get $5 million bucks. Who wouldn't? It justs takes some of us regular non-SEC-legaleeze types a while to realize ALL those WORDS that seem to mean SOMETHING, mean absolutely NOTHING.

Peace and love from SC...Heidi