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Elite Pharmaceuticals, Inc. Message Board

  • couchtripping2 couchtripping2 Jan 26, 2013 4:56 PM Flag

    HEY BEEGLE REGARDING WHAT NOVEL IS WORTH.......F......U

     

    Jerry Treppel - Elite Pharmaceuticals Inc - Chairman, CEO
    Again, this is Jerry Treppel. Let me clarify a little bit. As a minority investor in a private company, under GAAP accounting rules, you can never write up the value of an asset. All you can do is write it down.

    So, the value, it could be worth, not saying that it is, but say it was worth twice what shows on the balance sheet, that's never going to show up on the balance sheet. It's just the way it works. And, you should know that the founder of Novel is well known throughout the industry and, in fact, sold his previous company for an excess of $100 million to par.

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