Elite Pharmaceuticals Inc (ELTP): This isn’t manipulation. This is the fac...

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Re: HGilS post# 360525

Wednesday, 08/18/2021 2:18:54 PM

Wednesday, August 18, 2021 2:18:54 PM

This isn’t manipulation. This is the fact that management is taking longer to execute. They are delivering sales much lower than expected and previously communicated. The. Company isn’t meeting the hurdle they set for themselves.

Elite is moving forward, but at a snail’s pace. $7M in revenue is not going to move the needle with a billion in O/S to gear up new investor interest.

The stock price doesn’t magically just increase. Why isn’t mgmt going to investor conferences? Why doesn’t the company publicize new initiatives? Because they aren’t worth honking the horn at yet. Perhaps in a couple more years.

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