Elite Pharmaceuticals Inc (ELTP): Some may perceive the Bridge Loan as an...

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Elite Pharmaceuticals Inc (ELTP)

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Re: Couch post# 41869

Thursday, 01/17/2013 2:46:30 PM

Thursday, January 17, 2013 2:46:30 PM

Some may perceive the Bridge Loan as an indication of Elite's difficulty to available financing for its business operations. On the contrary, when CEO Jerry Treppel increased a line of credit for an addtional $500K, then we have a CEO who is result-driven and will not have any financial obstacles impede Elite's progress to proceed with its drug pipeline development. Cheers!

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