Elite Pharmaceuticals Inc (ELTP)

[ARbigguy1]

Thoughts on naked short positions in ELTP -
IMO, anyone that thinks there are not bad characters in OTC stocks is delusional. There are those that will work with MMs to hide their maneuvers/manipulations and they both profit from it and most times it works out for them. They thrive on driving suspect companies into bankruptcy and delisting.
What happens when an investor maintains a short position in a company that gets delisted and declares bankruptcy? The answer is simple—the investor never has to pay back anyone because the shares are worthless. https://www.investopedia.com/ask/answers/maintain-short-position-delisted-stock/
I think there are some of these bad characters in ELTP and they thought had a shoe-in for bankruptcy and delisting when SequestOx did not play out. Think about it, they sold short on the way down from the highs of the SquestOx adding a positive balance in the accounts that they could use in other trades and have never had to cover ELTP YET. They did not bank on ELTP surviving and definitely did not see them becoming a profitable company. ELTP continues to grow revenues, increase profit, continue research, and get FDA approvals which will lead to, at some point in the future, BREAKING THE DAMN the bad characters built. When this happens, all shares will have to be accounted for and the shorts or naked shorts will HAVE TO COVER!
We need a GAMESTOP type push for ELTP!!! Anyone have the know-how and the network to get the word out and bring the crowd to ELTP??? I'll be honest - I do not have the social network know-how to bring the attention ELTP needs.
It amazes me that the bad characters in ELTP cannot see the HUGE opportunity to make bank by reversing their agenda, covering positions, and letting ELTP climb back to new heights.
Just thinking out loud and giving my opinion.