"I feel it is the right time for me to pass the ba

"I feel it is the right time for me to pass the baton and let new leadership take the Company into its next phase with the abuse deterrent technology. I remain very optimistic about Elite's future."

Elite will announce its fiscal year ended March 31, 2013 results on or before July 1, 2013 and will host a conference call shortly after the filing to discuss the results and provide guidance on the developments in the opioid space.

I can't be the only one excited to hear what they have to say, haha.