Elite Pharmaceuticals Inc (ELTP)

[pawel2009]

CEO's actions prove that P&D argument is garbage.

He could have retired even richer than he is now if he just sold some of his shares around .97, or when PPS was going lower from exuberant highs. He didn't, and no one can dispute that (check SEC filings). No one can dispute that someone in his position is well educated, and armed with financial advisors. Also, no one can dispute that he has the best knowledge regarding ELTP's prospects, given his insider info, and 30 years of big pharma experience.

Given the above, all the talk about not trusting what ELTP's been saying is illogical. And all the news has been positive as the CEO noted in the previous CC would be coming.

Sure, more authorized shares coming, but that's expected for a penny stock (and in reality a small cap growth company) with R&D expenses. Would anyone expect anything different? You need money to make money. And LPC just demonstrated that they'd like to put up 40 million of their money, after previously committing 10 million. A repeat financial backer, who knows more about ELTP than they knew before, and now they're putting up 4x more money? Hmm.