Elite Pharmaceuticals Inc (ELTP)

[jour_trader]

Don’t forget that this is an OTC stock. Fundamentals don’t play nearly as big of a role until it gets on a different exchange. No large active or passively managed funds can touch this stock. It’s simply not an option. This is purely a retail shareholder play with mgmt ownership. When a small fund buys in it is purely speculative for an immaterial amount. These purchases will neither stabilize nor drive the share price up. If we start getting some, as Nasrat calls them, needle movers approved. This is the time to move to a larger exchange with a well-executed IR strategy.