Elite Pharmaceuticals Inc (ELTP)

[no2koolaid]

It seems my point was lost...but why not try again?


A sub-penny scam is characterized by an absence of revenues, the absence of a product pipeline, the absence of engagement with regulatory bodies like the FDA, and the vast presence of insider selling. Let me see...Elite has revenues, a notable pipeline, clearly they are engaged with the FDA, and the company employees and officers are holding onto their shares. In fact, they are taking shares as a large percentage of compensation. Clearly, its not a scam.