Elite Pharmaceuticals Inc (ELTP)

[Trend-Setter]

A simple answer would be "I will file a complaint with the SEC" and will issue a press release upon submission. But he didn't which means no interest in doing so?

CEO --- "I read this question anyways. Is there any way to have the SEC investigate what is happening to Elite stock? The company is doing the right things. The CEO is managing risk properly, the revenues are going up. The company is cash flow positive and still the price of the stock goes down.

There is no logical explanation. You are correct. That’s all I can say. It’s very frustrating. We’re doing all the right things. Four or five years ago, the stock was $0.15 or even before that $0.30, when we were not making in any money. And now that we are actually a viable company where the profitable company, which you don’t see too many on the OTC that are or even on NASDAQ frankly.

We still the stock goes down. So there is no rhyme and reason with it. I’m hoping that all will change when we get more products, our own sales and marketing and maybe make a transition to a better exchange".

I hope he will surprise us to take action unto this matter.