Replies to post #44837 on Elite Pharmaceuticals Inc (ELTP)

[dr_lowenstein]

I believe in ACCURACY of DD. Here is the reality of the debt

The Company has requested a postponement of principal payments due on September 1, 2010, 2011 and 2012, with an aggregate of all such postponed principal payments being added to the principal payments due on September 1, 2013. Resolution of the Company’s default on the NJEDA Bonds and our request for postponement of principal payments will have a significant effect on our ability to operate in the future.

Nice try though LOL LOL