Elite Pharmaceuticals Inc (ELTP)

[no2koolaid]

Really? I thought the realm of sub-penny was for those companies that were near BK, had a broken business model, and/or were lacking recurring revenues. I guess AMC & GME have made it clear that closing locations and losing money no longer matters, it is emotions and a stock (not a company) that matters.

So...at its current share price Elite's annual revenues will be greater than its marketcap. And I thought that was such an important issue. Funny how the parameters for what matters to Elite investors keep shifting.

I have to ask if anyone can find a company that is and has been profitable for more than a year, selling on the OTC, with a marketcap lower than its annual revenues? I am a pretty good researcher but I cannot seem to find one. And I think if we throw sub-penny into mix the algorithm will break!