Replies to post #48119 on Elite Pharmaceuticals Inc (ELTP)

[dr_lowenstein]

LOL LOL I was correcting the record. Here is what I posted:

Second, Treppel actually became a board member on Oct 28,2008 and CEO on Sept 9, 2009. At the time he became a director, the company had 1.5M in cash and positive working capital. When he became CEO, although cash had lowered considerably, the company still had positive working capital. In fact the threat of bankruptcy referred to occurred after the Sept 2010 NJEDA payment was missed.

Seems clear enough.