Replies to post #150391 on Elite Pharmaceuticals Inc (ELTP)

[AJSails]

Speaking as a accounting and finance major, your point (other than quoting GAP), is?

[no2koolaid]

Thanks, you are absolutely correct. When I foul things up, I will admit it and I did, indeed, confuse things.

I should have learned that old adage - "haste makes waste"...or at least confusion. I promise to not offer a short narrative in the future because I may just mess it up. But, the key point I wanted to make was that a fluid bed dryer is a tangible asset for which they paid or are paying and can be verified through an invoice. This means it is not something that is fantasy, which was the implication of the post that I responded to. Further, this asset would be depreciated on a schedule over time. On that we should agree.