Elite Pharmaceuticals Inc (ELTP)

[no2koolaid]

A little historical view would make it clear that the high of 97 cents lasted moments, not hours and certainly not days. Moreover, less than 1,800 shares were sold at the 97 cent point and then the price plummeted back into the 40 cent range within the same month and then back to the 30 cent level in two months. It was all manipulated as there was no news, nothing being said by the company or any representatives. Relatedly, at the time, someone spoke with Nasrat and he was as surprised as anyone because nothing was going in with the business - good or bad. So there was no basis for any p/s movement at that time, when Elite was losing money and needed the LPC agreement to fund the business to survive.

Of course we all know that becoming profitable and setting annual record revenues is the goal of being an effective business, but apparently it does not matter to Elite's share price. I keep hearing that it is Nasrat's fault for the share price and, yet, anyone with an understanding about business fundamentals and the inexact correlation to a firm's p/s finds that laughable...even more so being on the nefarious OTC. While I recognize the frustration with the p/s, Elite is continuing to become more valuable as a business and that is what matters for the end game. PERIOD!