Elite Pharmaceuticals Inc (ELTP): Accepting the reality that Elite has det...

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Elite Pharmaceuticals Inc (ELTP)

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Tuesday, 09/05/2017 1:38:40 PM

Tuesday, September 05, 2017 1:38:40 PM

Accepting the reality that Elite has deteriorated from a once optimistic investment (which was based on flawed data and embellishment rather than real science) to one with revenues in steady decline for 2 years in a row... Remember, Elite revs were $12.5m. then they reported just under $10m, now they file a quarter with only $1.7m???

Dont be fooled by the rhetoric this is just industry related!!

ITs a failure of exec management!!

Then sure-thing Sequest is rejected by the FDA and the 3 clear paths forward werent so clear afterall... as Elite gets into a head-on collision with a MAck truck due to failed study results.

Realization is setting in, as Elite share price is testimony to... a total collapse and lack of interest.

Stock dont lose 80-90% value in a raging bull market for no reason. lol

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