Elite Pharmaceuticals Inc (ELTP): Million share offer on level 2 at .085....

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Elite Pharmaceuticals Inc (ELTP)

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Tuesday, 12/10/2019 10:27:02 AM

Tuesday, December 10, 2019 10:27:02 AM

Million share offer on level 2 at .085. Wonder why someone would show such a large size since this acts as a deterrent to future buyers who may fear the seller "knows something". This is especially surprising as major GDUFA date approaches. This seller has been here for a few days.

Two possible scenarios. MMs trying to scare out some weak hand shares or someone trying to sell before news of delay in Adderall ER approval.

It is troubling that CRLs apparently are not required to be announced within the time frame for critical news.

If someone hits the offer, all bets are off and we can see a major upside breakout.

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