Elite Pharmaceuticals Inc (ELTP)

[Hike]

There is a proposal to the bondholders to push it out a bit. They make the interest payments but they are behind on the principal payments. They say it has had no effect on their ability to conduct business. They have not to date had any response, as far as I know, to their proposal to the bondholders.

I suppose any plan to pay debt involves turning a profit, which they are, IMO, on the verge of doing. The debt isn't really very much. It's less than 10% of their market cap.