Elite Pharmaceuticals Inc (ELTP): Why ignore over a billion shares outstan...

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Re: Pharma Sleuth post# 382908

Wednesday, 07/19/2023 11:54:15 PM

Wednesday, July 19, 2023 11:54:15 PM

Why ignore over a billion shares outstanding and we’re on the OTC. This is constantly ignored here. There’s no conspiracy. Stock price doesn’t react normal because we’re not on a real exchange. Large fund ownership of a stock can help stabilize and drive the share price north if the fundamentals support it and they are more long term holders. Surprisingly enough, most of the fund ownership today is passively held and has periodic portfolio rotation (ie Blackrocks of world).

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