Elite Pharmaceuticals Inc (ELTP)

[packerfanbud]

Based on the filing Elite cannot find a new deal within 30 days. Therefore, asking why is pointless because they will not tell us what is coming in the future. We will need to wait for a PR.

I was never a huge fan of the socius deal. I looked at it as a necessary evil. It gave us money to put toward phase III, but diluted terribly. Cancelling that deal was a huge benefit for Elite, and their investors. The patent approval should allow for a deal that is much better for investors.

FYI - the commitment fee was not paid because Elite did not do the deal. That is straight forward.