Elite Pharmaceuticals Inc (ELTP)

[jour_trader]

I was hoping that wasn't the case for anyone. I have consistently tried to call out the over exaggerated expectations, but get ridiculed. There will be a positive ending to the story here, but will be much smaller and later than some loud investors here claim.

I find it funny that Nasrat doesn't know why the stock didn't react at the additional details of the FDA meeting. Believe it or not, there is a trust issue with management. Delay after delay, issue after issue. Disappointing revenue. Investors are waiting for approval at this point and are no longer taking management's word on their future outlook. I had to deliver a similar message last week that investors no longer have faith in management of a multi-billion dollar company. Same exact message. Real results need to be seen since investors get burned so many times, eventually there becomes no reliance on future outlook. Trust needs to be rebuilt. Elite has been a struggling "show-me" stock for several years. 2015 was supposed to be breakout year. Then it was 2016. Still nothing yet, but may see some grass shoots in late 2017, but won't be from SequestOx.

Best of luck.