Elite Pharmaceuticals Inc (ELTP)

[richme]

Lasers, many times I read that big pharma loved Elite but guess business is business and using the "big pharma loves Elite" served a useful purpose at the time. Of the three options you mentioned the LPC deal appears best to me since Elite already paid the upfront costs and likely can't not recover the amounts advanced. So unless a better deal comes up that on balance offsets any potential losses on the LPC deal why not stay with it. It is possible also that since the LPC deal is already on the books NH's intent is to tap it and other sources as well and that is why he see the need to revisit the shares situation later.