Sat, Jan 31, 2015, 11:13 PM EST - U.S. Markets closed


% | $
Quotes you view appear here for quick access.

Elite Pharmaceuticals, Inc. Message Board

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



    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.

    This topic is deleted.
    SortNewest  |  Oldest  |  Most Replied Expand all replies
0.325+0.001(+0.31%)Oct 30 2:28 PMEDT

Trending Tickers

Trending Tickers features significant U.S. stocks showing the most dramatic increase in user interest in Yahoo Finance in the previous hour over historic norms. The list is limited to those equities which trade at least 100,000 shares on an average day and have a market cap of more than $300 million.