Elite Pharmaceuticals Inc (ELTP): While I was of course joking, there coul...

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Re: DR Ryan post# 19276

Thursday, 06/21/2012 10:31:27 AM

Thursday, June 21, 2012 10:31:27 AM

While I was of course joking, there could be some seriousness to it. Elite pulls out for presumably a better deal. It's possible negotiations took place with Socius to change their deal and through those negotiations they could know roughly what the private placements could be worth. If it was for .25 (completely random number) it would be an easy play for Socius to start buying.

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