Read this post and had to chuckle.
Look, if those that post here cannot see the forest but for the trees...........
I've been an investor here since Jerry Treppel, Chris Dick.....
Disappointment that SequestOx fell through~? YES~!
Disappointment that Purdue and Sackers took the market with a totally inferior ADF~? YES again~! But that's politics, money, and the how the lobby works EVEN with the FDA. Like usual the little guy, Elite, took one on the chin.
So Purdue starts a campaign to make Oxycontin THE go to for pain relief. Even hires doctors to promote their formulation.
Lawsuits start and not just on Purdue, but other pharma manufacturers like Malinckrodt, J&J..... distributors like Cardinal......
NH pivots away from opioids and some here were upset he did this even though one lawsuit could have obliterated Elite.
Elite Pharmaceuticals has been Cash Flow Positive since when~? For years and years they have been CFP. Each Q and each year revenues continue to go up. When have they had a losing Q~? When since they had a losing YEAR~?
Now with newly formed partnerships and more money making generics in the pipeline the sharepice remains $0.13-$0.15~?
Drugs they have NOW are on the shortage list. They can't make enough of them and still the shortage list prevails.
The balance sheet is better than many upper tier pharmaceutical companies, and continues to improve. Still the share price remains in the dumpers~! Why is this ticker's price being suppressed~? Manipulated~?
Everyone has to do what they think is best for them. NASDAQ2020 has been pro-Elite since 2012 and why not~?
Gave everyone GREAT advice to buy when the stock was languishing in the $0.02s to the $0.04s. WAY UNDERVALUED THEN AND STILL IS WAY UNDERVALUED NOW~!
No way it should be trading at $0.135, but here we are.
Do what is necessary. Everything on this forum should be taken with a grain of salt.
Is this ticker shorted/naked shorted~? Trust ORTEX or FINRA~? Nope~! Their data is OWNED by banks~!
Do your own DD and decide.
This investment has been very frustrating since 2010-2011 for me, but I know what I own. Have known of the potential since way back then.
$ELTP baby~!
Bullish
