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Short interest has continued to increase since Nov 2023.
Whats going on here?
Will be interesting to see the next short interest report due very soon
Thoughts?
Dont you have the $$ now to buy? lol
Im sure the CEO regrets conducting suspicious business through Mikah and is sincerely sorry for creating the nefarious appearance of self dealing
In light of the above, I expect the CEO to both cease and wind down Mikah operations in the very near future to maintain what little integrity that remains
Is it possible word has leaked out about a CRL and the stock is reacting accordingly?
So you must believe the CEO was either lying or misleading investors with the Mikah is ceasing operations and winding down in Elites SEC filings
How do they get away with stuff like this?
Might have something to do with the selling and price decline.
I wonder if anyone ever submitted a question about this for the cherry picking Q&A session during earnings calls. I dont recall if the CEO ever addressed
Oh, and the slight of hand he uses claiming Mikah is a private company so its nobodys business. However, he knows Elite is a public company where it is shareholders business.
Should investors postpone buying shares until this is cleared up?
You may want to check that because I recall reading in multiple Elite SEC filings that Mikah was winding down and ceasing operations
Why would Elite file such a thing over years when it appears it is not true
,
Sure glad someone bought 1000 shares as the last trade to prop up ELTP
Thats a real big help Im sure shareholders are very grateful for
When will the secretive, unidentified, mysterious activist investor be buying more shares?
ELTP needs help.
Have you been the shorter all along?
You are
Why is ELTP still going down and not up?
Did anyone ever identify Elites activist shareholder? rofl
Is it true Elite has activist investors?
Who came up with that nonsense?? lol
Whats Mikahs cut in this deal?
It appears your ignore button has malfunctioned when it comes to my posts or youre just a lying m***********
Do those nefarious posters move from one stock to another as a team spreading phony factual due diligence to con investors?
Are they being paid to look so stupid?
What day will you be adding shares this week?
Eh, yes it is new dilution
The issuance of new shares to cover the accrued salaries etc, which in turn reduces the shareholders percentage ownership in Elite is the vey definition of dilution
Egold was a real dummy.
Total amateur with no business sense whatsoever. He got so humiliated with his Factual DD, it was forced to abandon ship here.
I dont know who was worse, egold or that uneducated dumbbell DE
Thats almost 130,000,000 shares being registered, meaning unrestricted and available for sale
Theres no way to spin this as good or neutral news. It potentially adds great downside pressure to the stock price.
Agree that the CEO is gonna hold but what about all the others? A sudden windfall for them as many of these shares have a cost basis much, much lower than current share price
Stop slinging your usual BS
Look, youre nothing more than a cheerleader with very little to offer.
Regardless of whatever Elite does, even getting a new potted plant for its reception area, you think it has to do with the company being sold for $billions
What a goof ball
Wonder why the filing was made the night before a long 3 day weekend lol
Penny stock investors so gullible
Like I said, an S-8 filing means all those securities are registered and may be sold in the public market. When you dont know what youre talking about you should learn to be quiet or get an education
The S8 is to register all those shares so they can be sold in the open market.
No other reason unless you're a dummy looking for an imaginary silver lining
Did I read this right, 49m shares being registered for resale??
Ouch
LOL I know.. just the tiniest amount of toddler reverse psychology and the thin skinned numbskull falls all over itself reacting
It's just too easy
Because the sleaze balls deregistered with the SEC so they're no longer required to disclose the mess they're in
Why is ELTP getting hammered today?
Isnt anyone curious of the business being conducted by Mikah, the CEO etc outside the umbrella of Elite?
Bigger issue is what nut can you find to buy this POS from you?
Maybe that dumbbell PCT pays minimum wage to repost tweets. he seems dumb enough but probably doesn't have $500 to risk
Considering the Adderall shortages, is now a good time to buy ELTP shares?
Why's the volume so puny
Maybe Art was worried about the $$ he foolishly loaned PCT
However, he knows PCT will have a few bucks coming in from the deal with ACE
He also knows PCT will have a few more bucks with their 1 year tail on certain hospital business
So this was the most opportune time to:
Repay those loans to himself from what ever funds he could put his hands on while some was available
Deregister PCT with the SEC so no filings are required, meaning no shareholder will ever be the wiser of the payback
Thats one possibility
WOW, 2 minutes to reply
You must stare at this MB to earn the crumbs the CEO forces you to grovel for lol
Still waiting for your investment banking stories. Give us a hint of the name before it went belly up//
Cmon, we all know you were nothing more than a penny stock broker pushing junk like PCTL hahahaha
Admit it. You dont have the brains to be much else
Maybe you havent kept up with PCTs tweets that their lackey reposts here within minutes
If you did youd know theyre full steam ahead with hospitals, agriculture, o&g and everything else under the sun
A huge conglomerate in the making
All theyre lacking is revenues, capital, a market for their junk and management. Once thats done, theres no telling how high this POS can go
Are you sure your personal trade closed the .123 gap?
Very nice of you HGils
I'll give you a pass because I know youre just unaware
But there are many, many companies with superior financial statements in every way that are otcqx
Elite is merely otcqb
Class dismissed
I thought the Kings lapdog would be too busy counterfeiting yahoo ids like an ignoramus to post here so much
Havent you been B slapped around this MB enough today?
Like Ive told you previously, there are many OTC companies doing much better than Elite, with much stronger financials etc
Are you new to investing?
$85m is an arbitrary figure but it doesnt mean it couldnt be paid over time
I believe Elite is derelict in not disclosing the terms of the agreement. Especially considering its with the CEOs private company which is such a conflict of interest
At the very least it should be disclosed in Elites SEC filings this conflict o interest exists