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Oust the CEO who owns 260 million shares? Ok. Great plan there!
Duped by you? As you were the one posting the fake PR you created?
It was fixed 5 years ago.
The bug where PR's could be seen on their website has been known for years.
There's manipulation on the big boards and sure is here in OTC land.
There's no shorting on the OTC.
Yes but not PR'd by the company yet.
Hence why it says *Leaked*.
The problem is the fact that they send this out, with no context with it, is going to cause the stock to plummet on Monday. Very poor execution.
There will probably be some news that comes relatively soon to try to calm some nerves but I doubt it'll be enough to cover the people that will sell in fear next week. Oh well, way of the OTC's.
Exactly! We drop to low .02's easy come Monday. What an awful decision to do this right now.
Won't matter with Armen voting for.
Pretty funny aye. Can’t give an update on any uplisting but hey let’s spend $10 million to buy a telehealth platform (then pullout of the deal after shareholders unanimously agreed it was a terrible way to spend $10 million) and NOW let’s have vote to do a massive Reverse split when they already know Armen holds enough shares to vote in favor and override all shareholders. Just great.
Least it was only 5 and not 50. I’m glad I still only have a starter position.
Yeah the timing of this is bad, imo. You don't want to announce a RS with the stock already down 50% since Mars left. Ugh.
A lot sure going on during this "quiet period" Armen. Guess the whole becoming SEC current thing isn't on the table.
This could get bad on Monday.
Someone getting married?
Speaking of 5 cent stocks, what did Nasrat say about shareholders that sell at these depressed prices? When did he say that again?
Wow, a 5 cent stock that was just 8 cents. Wow. Almost like penny stocks don't trade on fundamentals, rather on volume and pumps. Watch what happens next.
Elite is a profitable company. Thanks for playing though.
Here's our volume. Or at least a start.
Was gone all day, have a lot to catch up on apparently.
How do you know?
I don't think that's it. I think they might just be confused? Not sure what to do or direction to turn? I feel it should be fairly simple. If the S1 is taking a long time, work on becoming SEC current. $40/million revenue companies should be fully current, not that hard to grasp.
Management sure isn't helping. Status of S1? How about becoming SEC current? They need to do one.
Yep, small fishes playing around now.
"Huge" volume past 2 days yet we collectively own more shares than have traded. Important for everyone to keep in mind. Big moves come with 10 million + consecutive days
"They're" testing to see if .06 level holds.
The idea that kicking out the guy who owns 25% of the company is a good idea is hilarious.
It's nonsense. Demanding the CEO, who owns 25% of the company to resign is nonsense LOL.
Maybe Nasrat should just dump his 260 million shares?
Maybe you should alert the SEC?
Company is profitable, investing in R&D but yeah it's over. LOL.
Profitable, good. Only 600k shares sold to LPC last 6 months, GREAT (I like this even more). And no, not adding currently. Recently bought 300k more last 3 weeks in the .06's.
Will wait to hear about upcoming profit splits in the conference call today.
Yeah I know, share price is pathetic. Should be 3x higher.
Quit looking at minute by minute price movements on a penny stock. Stop it.
Volume precedes price. ;)
Earnings after hours Monday.
And really I don't know what the holdup is.
Not SEC current is a major hindrance imo.