Replies to post #82502 on Elite Pharmaceuticals Inc (ELTP)

[Couch]

Sorry when it comes to actual FACTS.....I'll take mine from the actual source of real ELTP information from ~~~THE CLOSER~~~.

http://www.elitepharma.com/investor_relations.asp?goto=368

Mr. Hakim stated that “this credit line matches the credit line already extended by our Chairman, Mr. Jerry Treppel, and when combined with the previously established Lincoln Park equity line, is another step in our endeavor to secure the critical mass financing which is required for the further development and eventual commercialization of products utilizing Elite’s patented abuse resistant technology. I firmly believe in the superiority of Elite’s technology and am grateful to Elite’s Board for allowing me to demonstrate my confidence by providing much needed funding to help Elite achieve its potential.”