Elite Pharmaceuticals Inc (ELTP): I believe, the price has bottomed out an...

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Elite Pharmaceuticals Inc (ELTP)

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Re: Sankarad1 post# 345051

Monday, 10/05/2020 9:36:03 AM

Monday, October 05, 2020 9:36:03 AM

I believe, the price has bottomed out and cannot go down any further.

I would like to believe this is true, but the available objective evidence suggests otherwise. Valuations and projections vary wildly among the amateur analysts on this site and others, but the only true professional analysts who have followed this stock regularly over the past 6 years are from the team at Lincoln Park Capital. They believe it is possible for SP to fall below .03.

https://sec.report/Document/0001213900-20-017103/

(b) “Accelerated Purchase Floor Price” means $0.03

How about the ADT technology they develeped. I believe it is patented.

It is, in fact, patented, but, unfortunately, not by Elite Pharmaceuticals.

Occam's razor: the simplest solution is most likely the right one.

Hanlon's razor: never attribute to malice that which is adequately explained by stupidity.

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