Elite Pharmaceuticals Inc (ELTP)

[lasers]

Seems you still don't understand the smarts of a Jerry Treppel.

When Jerry Treppel has completed the deal with the Pharma, then there will be a PR and then there will be a lot of pain with a "Short Squeeze" !!!

Meanwhile the 10-K is crystal clear as is removal of the B &C preferreds.

In case there is a problem connecting the dots.




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Elite is converting the B & C to Common shs to get rid of the Preferreds. Elite is moving from a position of strength so that the next deal is a Pharma deal as I previously posted.

Third Party Funding for ELI-154 and ELI-216


Elite has developed ELI-154 and ELI-216 and retains the rights to these products. Elite has chosen to develop these products itself but expects to license these products at a later date to a third party who could provide funding for the remaining clinical studies, including a Phase III study, and who could provide sales and distribution for the product.


Page 11 & 12

http://xml.10kwizard.com/filing_raw.php?repo=tenk&ipage=8346235

How about more like this as a speculation?

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