Elite Pharmaceuticals Inc (ELTP): I totally agree. I liked what happened...

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Elite Pharmaceuticals Inc (ELTP)

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Re: tangerine post# 20356

Saturday, 06/30/2012 11:02:01 PM

Saturday, June 30, 2012 11:02:01 PM

I totally agree. I liked what happened to some degree, but at the same time I think that it wasn't the right move for ELTP. It would be completely different if they were a well established company instead of a company trading on the OTC. The difference being is the pps is completely controlled by traders. Treppel's reaction during the CC had a negative impact to the pps because of the stature of the company. Traders saw it as a weakness and sold. It could have been completely different if ELTP had a better history. I think Treppel took a chance on the emotion and was wrong on how people would take it. Which is why we haven't seen that again.

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