Elite Pharmaceuticals Inc (ELTP): Jerry Treppel - Elite Pharmaceuticals, I...

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Thursday, 07/05/2012 9:57:51 PM

Thursday, July 05, 2012 9:57:51 PM

Jerry Treppel - Elite Pharmaceuticals, Inc. - Chairman and CEO

Let's be straight up and frank here, okay? When Epic invested, it was through Epic Partners, which included non-Epic people. Okay? Not a majority,but there were some.

When investment was made, it was a three-year holding period. That three-year holding period expired. Those investors are in at a very good price; they've made a lot of money, and some of them wanted to take the money -- their profits. Fine. Okay?

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