Elite Pharmaceuticals Inc (ELTP)

[WeeZuhl]

Anyone think this sounds familiar..This is an example of what goes on here in penny stocks

Yes, this sounds very familiar. A failed penny stock has dropped from .03 to .0001 in less than a year, and so management looks for a few last dying gasp pump & dump opportunities by issuing a fake news PR that says absolutely nothing and also *paid* tweets in an attempt to create a fake "short squeeze" opportunity. Penny stock investors (aka bagholders), desperate to reduce cognitive dissonance, eager to blame anyone but themselves, and totally unaware of how market makers work, buy into the pump & dump and continue to "average down" to nothing.


Yes, I think it sounds very familiar.