Elite Pharmaceuticals Inc (ELTP)

[WeeZuhl]

The low volume is weird. Usually when there is no buying or selling pressure, the SP gets incrementally ground down with by wash trading, and that is not happening right now. It is not surprising to me that the sides are drawn pending further updates on SequestOx, but the MM's do not seem to be playing the usual games right now, whatever that means. The Preferred Shares conversion is intriguing, since there is no obvious reason to do it (other than the unknown reason why he did it). But CT order is not much more interesting than business as usual. I count 10 CT orders since 2010, so far none have been harbingers of blockbuster news. Those are usually used to hide from public reports the specific details of arrangements with suppliers and distributors, for competitive reasons.


Should be an interesting conference call, that is for sure.