Elite Pharmaceuticals Inc (ELTP)

[optimus203]

Yeah, I'm a little jaded with iHub and the scammers that come along and manipulate stocks I invest in. A perfect example is ELTP - all these new people come on board, pump up the stock on good news (saying they anticipate the stock reaching $1 and other BS by the end of year) then they turn around, dump the stock, and dissappear from board. Pumpers and dumpers are quite a sad breed and I'm not happy when they infest iHub.

I think the latest news is very good long term. I still think they need to get their financials straightened out and we should be golden. Still in the red a bit but they seem to be steadily improving their finances.

I believe their strategy is (as posted in a previous press release) to start manufacturing drugs from other companies, create revenue from these products, so they can continue developing their own pipeline (ELI-216 and ELI-154 - both in phaseIII pending). There are many companies that reply strictly on drug manufacturing, but ELTP is not one of those (in my opinion). My hopes is that they get one of these to take off.

On the moderation note, if anyone would like to take over, please send me a request. I hate to leave this board completely unmoderated, which is why I am still listed.

GLTA longs.