Elite Pharmaceuticals Inc (ELTP): I do not understand this "we are down" s...

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Elite Pharmaceuticals Inc (ELTP)

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Re: Je3232 post# 187313

Friday, 03/04/2016 3:05:15 PM

Friday, March 04, 2016 3:05:15 PM

I do not understand this "we are down" statement.
Elite is holding at $0.30. Support was moderate as late as yesterday. Now that support has given way to $0.23 today.
The push down should happen soon..... but even with support gone at $0.30 Elite still holds.

Is Epic selling shares to pay for impending milestone payment?
I think they are. Not doing so all at once but over the course of days... maybe weeks.

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