Elite Pharmaceuticals Inc (ELTP)

[jour_trader]

No, not a fan of fluff PRs at all. Those are ridiculous and add no long-term benefit to the company.

The management of the outstanding shares is abysmal at best. Management will have to do something about it before going to an exchange, which means if they are avoiding a small consistent share buyback (which would stabilize the price, decrease volatility, bring in new investors and drive the share price up by creating a rising floor), they are sold on a reverse split. A very small consistent buyback portrays confidence in the company, especially with the colossal outstanding float.

What management is lacking is confidence from investors due to the consistent inability to execute the majority of their communicated plans. I think this is the partial reason why Nasrat is quiet on future plans since very little has come to fruition over the past 8 years. Why set the bar if it’s always out of reach and get blamed for it. Less accountability if you don’t set goals. Most CEOs will under promise and over deliver - it’s been the exact opposite since Nasrat started.