Elite Pharmaceuticals Inc (ELTP)

[jour_trader]

CEO previously stated he intends to max out LPC agreement, but was before share price was this depressed. If maxed out would net around $10M. Reverse split is already on the table as an option to get to NASDAQ. Will be interesting to see how creative CEO will be or if he'll just turn on the dilution spigot. He must understand the float is killing the share price.

A few years ago he stated once we get some solid proof in our hands is when self promotion would start. He has only shot himself in the foot here, by not getting word out, while being the largest investor.