Elite Pharmaceuticals Inc (ELTP)

[Pharma Sleuth]

The buyback is interesting because whether folks want to believe it, there is a large short position to be covered here. If the company starts grabbing a few million shares here and there, they would be in trouble. It gets complicated and the company wants the cash for growth. Both sides have merit but any share buy back if done right and that's a big if, would drive the stock price pretty fast.

Again has to be done the right way. This stock is thin and doesn't take much to move it. And if it moves, and its that thin, traders and others will pickup on it. The fundamentals of the company are unlike any other I have ever seen on OTC. But they can't just go lets buy $1m in stock tomorrow because the short play here will just wait it out ...unless.....hehehe