Elite Pharmaceuticals Inc (ELTP)

[Don'tDrinkTheKoolAid]

Actually it’s probably .002 they have nothing but a huge float close to 1 BILLION shares. The CEO is a huge con man. He’s a known liar and hasn’t done anything he said he would do except blot the float. He said he was going to launch Percocet and norco. He never did as he found out he would be sued if he did. He is ripping off share holders for 10% on 2 loans totaling 2.2 million. 1 was for a drug they have very little sales can’t even cover the interest payment. The other is for a loan he gave the company years ago and only collects interest.
He also collects $500 a year salary and the company can only make ends meet by diluting when the stock gets to .10. Then he unleashes a flood of shares until the stock drops below .10!