Elite Pharmaceuticals Inc (ELTP): trials may be take them at least 3 years...

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Elite Pharmaceuticals Inc (ELTP)

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Re: Couch post# 70219

Saturday, 09/21/2013 7:40:21 PM

Saturday, September 21, 2013 7:40:21 PM

trials may be take them at least 3 years. 90% fail rate. If they can handle to succeed the phase 3 trial, at least 1 more year to have first product shipment. I'm doubt they have enough cash to survive in next 4 years without dilution. To make dilution more cash-efficient, RS will be made first. Well, long way for longs, but good for day traders, like me, I suppose!

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