Elite Pharmaceuticals Inc (ELTP)

[richme]

Massive hypathon which included:
Pumped excitement over the savior CEO just coming aboard from Big Pharma (Actavis);
Excitement that CEO came along with his 12 ANDA's that would be making money for Elite (yes, there were calls that 4 would launch every quarter-1 has actually launched in 3 years);
Excitement that CEO would use his exposure to promote Elite;
Promised not kept, i.e., NDA filing by 2014 (agree there was a very small fine print amongst the 12 foot letters).

I think that the hot air isn't working any more as reality (massive dilution); missed scheduled; CEO claim that its generics are bread crumbs.