Elite Pharmaceuticals Inc (ELTP)

[Dante Fantasia]

It is the Everlasting Carrot

Lol! Right on, Jour. Yeah, the carrot keeps getting shorter as Nasrat's nose keeps getting longer. Sick of carrots and no hay.

So, from my perch, what I'm seeing is a notable sp drop, but the volume does not suggest panic. A million shares sold--a lot of posters on here have several million. I guess that is an "upside." This always tanks when nasrat gives a CC, but usually 20% or the like...I think we may be scraping bottom, but don't see much upward movement for a long time.

It seems to me the conundrum is trying to sell any big position vs. tanking the sp when one does, or being too low to sell so might as well hang on rather than lose a major percentage (depending on entry). There remains a very big upside potential, but it has become much more unlikely to be realized than back when SequestOx was granted priority review. People may be inclined to hold and take the risk as .10 now can be huge if things go right, and not much more of a loss if it tanks more from here. It's not going to "zero" as solvent and not an ongoing concern, but not much news action in the cards in the near future so will be dead money for a while. Nasrat clearly lied through omission by not disclosing the Tmax of SequestOx and that does not sit well by me.

I don't know. May look around for another place to park this money, but the market as a whole has gotten very frothy, and any one of many world events can bring it all down in a hurry. May be a time to scout out some option plays. I haven't decided to sell, but it's time to seriously consider. I came for the SequestOx play--seemed like a no-brainer, now has turned into a parade of generic opioid applications for future revenue with much more dilution. SequestOx may come to fruition but looks like that will be quite a long wait. This is a no-win situation for now at least. Can't help feeling scammed by management. Don't blame the "pumpers" as it's my own DD that I buy/sell on, but is curious the disappearance of a certain few...don't think the company would pay for pump do you? What a mess...

Maz