Elite Pharmaceuticals Inc (ELTP)

[HankVerde]

For whatever it's worth, I signed up for a free account with J3 Information Services Group (www.j3sg.com/index.php) and looked at ELTP. I found this information about recent insider stock transactions (this is an image, but if you have an account you can view this information a lot of different ways, including a lot of detail):

www.4usuccessprograms.com/ELTPTransAsOf120612.jpg

What's a little disconcerting to me is that in the last 12 months, and virtually all in the last 3 months, insiders have sold over 14,000,000 shares and bought none. Now, there have been quite a lot of exercising of warrants (the "D" in the "Action" column seems to be for the exercise or "disposition" of warrants - if you have an account you can click on the "Form" column and see the transaction detail), so indirectly insiders have acquired large amounts of shares for incredibly cheap prices, like $0.04. I guess if I could buy shares for that price I wouldn't be buying on the open market either.