Elite Pharmaceuticals Inc (ELTP)

[DSherman]

Nope, what I’m saying is his valuation of $0.40 is accurate and this stock has intentionally been manipulated down since it became profitable. Just look back at previous postings wherein the CEO was pounded daily for not making profits, once profits were made he was then pounded for other reasons. A stick not rising with profits is an anomaly and not normal trading. A stock who’s ask gets hit and then continually lowered as if sellers just don’t want more profit is not normal. This is significantly manipulated to induce selling, the float here is very tightly held and the market wants the shares in the float. They will induce the selling they can and then run it. It’s all very simple. The problem here, as I’ve said before is the lack of volatility while long traders continue to hold stock at a loss. This occurred pre 14’ as well with a lower OS, BUT much of this additional OS is tightly controlled by insiders. Money wants 200+mm shares front loaded before it runs a stock with this OS.
Eltp