Elite Pharmaceuticals Inc (ELTP)

[namtae]

A confluence of facts together draw an obvious conclusion about ELTPs share selling scheme

Institutional ownership - 0.2%

Investment Banker - None

Source of financing - dumping shares in open market on shareholders

last financial report - NET LOSS $12,000,000

How many years in business - 25+

What exchange - OTC

Penny stock - YES

Accumulated deficit - $151,000,000+

PAID FOR sleaze ball PROMOTIONS - YES

Massive increases in shares outstanding - YES

Eli200 solution to opiate abuse - NO

Shares stuck in tight range even though FDA APPROVAL, TENDER OFFERS right around the corner - YES

Deep drop in share price - YES 97 down to 31

Conclusion - just a matter of time before more and more smart shareholders realize whats really going on here