Elite Pharmaceuticals Inc (ELTP)

[lasers]

I am very comfortable with all 3 possibilities.

There are three distinct choices.

(1) Secure a partner now that wants to come on board immediately with "reasonable" participation agreements.

(2) Go 100% alone and raise authorized shares with shareholder approval and sign another "LPC" agreement where new shares are sold into the market.

(3) Any Combination of (1) and (2)

IMO however it will likely be (3). Partnership negotiations is a Hardball tactic. There is "no nice guy" possibility agreement. By securing an increase in Authorized Shares, Elite leaves "no weakness" by which the "hardball" partner can exploit. Elite, thereby gets the "best" deal for its shareholders which is NH plan!