Elite Pharmaceuticals Inc (ELTP)

[richme]

You are correct that "whether the sp is up or down today, does not mean that ultimately the underlying tangible value of the company has changed....." What is unsaid is how much is Elite really worth and it does not appear the the current PPS is reflective of its worth or value if as often said a product is worth what a customer is willing to pay for it. To add to what a customer is willing to pay one could add what a customer is will to buy in sufficient quantities to make a difference just to prevent the boat load of 1 share skewing the customer driven valuation. I think with good reason of many savvy investors and CEO still unsubstantiated valuations that Elite was worth $2.10 up to near $4.00 and that is the fallacy of opinions posted on a board and frankly since CEO refuses to divulge the valuation there is no valuation; just BS.