Elite Pharmaceuticals Inc (ELTP)

[Couch]

Writing is on the wall! ELTP execs buying stock as well as taking salary in stock. Products launching. Trials being started and finished. Glad I've got my shares with about 98% of them locked in for long term gains!

Yes the DD longs here understand the real risk was back in 2011 when Jerry Treppel was CEO and the company was a few short months from turning the lights off. Now that Nasrat has become CEO and secured $40 million dollars for ADT funding and received the FDA's guidance on its Phase III trial, the heavy lifting has been completed.

My personal favorite in all of this has been Elite's Intellectual Property (IP) Rights and hiring of Dr. Kenneth Smith has been a stroke of genius by Nasrat. Worst case scenario Elite has to pay Purdue royalty fees for Eli 200. Yes indeed Nasrat is the Maestro running this company like a Chess Master (CM).

At this point, I just have to sit back and wait for the next run. It is coming.