Elite Pharmaceuticals Inc (ELTP): A small buyback with excess cash would g...

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Elite Pharmaceuticals Inc (ELTP)

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Re: Sctrben post# 372033

Thursday, 08/04/2022 2:28:11 PM

Thursday, August 04, 2022 2:28:11 PM

A small buyback with excess cash would go a long way. You can only ping the ask so many times/day with such a plan, but over the course of days/weeks there would be much more attention and support levels would be raised much higher than today’s prices. Doesn’t have to be a huge buyback as the avg daily volume is so small. Plus, it would start getting rid of bloated float.

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