Elite Pharmaceuticals Inc (ELTP)

[Jimmy Joe]

New investors to Elite Pharmaceuticals should read this latest
Seeking Alfa artical Couch posted.
http://seekingalpha.com/user/9750161/instablog

Excellent read that goes into depth about the company and its potential with the Abuse Resistant Technology (ART).

The company is also making strides towards revenue break even cash flow positive which will also be a huge event. First time EVER in the companies history. Should happen this quarter or the next. Contributions from manufactured products at the facility
will go a long way toward helping to pay the bills.
More drugs to come to production in their pipeline too.
Both phentermine capsule doses should keep everyone pretty busy
for the time being. If those of you are wondering why the hold up with Naltrexone one only has to think back to the "delay" with phentermine capsules. Limited staff more than a handful of products expanding studies (stability) along with quality control testing USP guidelines FDA approved for each lot produced. This equals a whole lot of work involved. Many of the current staff may just about be living at the facility.

The latest $10 million financing from Lincoln Park should be all they need to get the Phase III trials rolling along for their ART product(s). Jerry said that they are further along than people think. When Elite can bring an ART product(s) to fruition that is when shareholders are likely to see the shareprice begin to rise and Wall Street begin to take this company seriously.

Check out the history of Elite Pharmaceuticals as posted by Couch.
http://investorshub.advfn.com/boards/read_msg.aspx?message_id=87180690
Another excellent read.

This is a longterm investment. It will have its ups and downs.
Patience is the key here.