Elite Pharmaceuticals Inc (ELTP)

[WeeZuhl]

Blaming the static stock price on a cabal of insiders is like blaming the Moon for the setting of the Sun.

Right, we shouldn't utilize known facts to analyze a company's performance. Hold on while I consult my stock chart for the latest doji indicating a near term breakout from our eight year resistance.

If there was interest in selling or buying, the volume would naturally be much higher. The only thing that will cause a substantial move here will be demand for shares from new investors of sufficient quantity to offset the sellers and/or a big news event acting as a catalyst to draw in new buyers.

How does this dispute what I am saying? At 6 cents, Nasrat gets more than 10 million shares/year just for his salary and interest on trimipramine. We don't know the details of how the company pays Mikah for its cut of Adderall sales, but suffice it to say, I'm sure the tab is running and will be paid in shares. If the ELTP share price doubles, then he gets half as many shares. It is definitely in his personal interest to keep the share price in single digits, and his actions bely his true intentions.


I recognize that I could be wrong about this. It could be that his seven years of disappointing performance and unending string of failures are only indicative of gross incompetence.