Elite Pharmaceuticals Inc (ELTP)

[DSherman]

Yes, I am fully aware of the Elite float, however, if the float is tightly held the resultant affect on trading is a lack of liquidity and volatility. So, take the float and subtract the unrestricted insider shares, institutions, retail holders sitting with higher pps shares and not selling to determine the real trading float. I would guess the trading float is somewhere south of 100mm shares and includes those with shares within the trading areas of the chart which is 05-.15/per share, this number increases with the pps. I’ve seen posts claiming to have avg down to the .08 range, my question would be why didn’t they exit during the runs to 14 or 9+ or even 8 to break even from the bottom runs. Simply choices.
Eltp