Replies to post #319198 on Elite Pharmaceuticals Inc (ELTP)

[dr_lowenstein]

but not enough to file any ANDA fees at $171k per.

I am fairly certain that the FDA does NOT accept shares in exchange for filing fees

[bms65]

With current 10Q numbers and future improved revenues, I don't think 170k is anything to worry about. Their increased cash on hand almost doubled that 170k. Not to mention any potential milestone payments coming in.

I get that if necessary to survive then they will have to sell even at .02 but I strongly believe they will come up with better plan B instead of selling millions of shares for few $

Tomorrow CC perhaps might clear up some of my ??s