Profititable years or Qs? I believe that these in

Profititable years or Qs?

I believe that these initial studies will be one time charges and once cleared, we won't see them take on additional debt or R&D expense. These products should be big enough and any success should attract a partner for 24 hour Oxy or similar. So we are talking another 2-3m dollars. Its why they like the Socius deal if they have to take it. They can take what they need as they need it and wait on Novel as it make sense.

Regarding Novel, It depends on what they get. Hoping for 8m or more. Why? Because that would allow them to pay off their debt, and pay for the trials and have a little left over possibly to cover them until CFP.

What is funny is that the deal before the bondholders is what I believe was a full payoff in Sept 2013....How was that going to happen.....Novel is my guess but maybe sooner.

If you pay off the debt, then no more interest payments too which is an expense. Don't forget that and a debt free, CFP company is going to get additional capital a lot easier then one in default and CFN

From a stockholders value POV, be debt free and have money for all your R&D and be cash flow positive from operations. That will drive PPS much higher and strengthen ELTPs position.