Watson can afford to wait it out right now. I would be careful about speculating that Watson knows this or that or what their plan is. For all we know Watson and affiliates have been buying up Elite shares and plan to buy out the company. That is more likely the way this will go in my opinion.

Elite wants profitability to show they are secure so they can deal from a position of strength.

My true instincts says that they show through a BE study that the technology works and they can get an approval. I think the company gets sold.