Elite Pharmaceuticals Inc (ELTP)

[Couch]

Tangerine has provided more than justified reasons why the PPS sits where it does. Now with some further DD it would be pointed out in 2011 the company almost went BK. has a bond debt issue and had their only money making product(s) Lodrane 24 pulled by the FDA and the PPS has been punished ever since.

The company has had more than a few snags and bumps along the way since the Lodrane product including the Naltrexone hold up....the API situation with Phentermine....that has been rectified....the Market won't see fit to move the PPS until after the company shows it can turn a profit off the existing products.....all less than or around 24 months on the market.