Elite Pharmaceuticals Inc (ELTP): ON NAKED SHORTS: I can't find the pos...

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Elite Pharmaceuticals Inc (ELTP)

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Wednesday, 03/26/2014 11:09:57 AM

Wednesday, March 26, 2014 11:09:57 AM

ON NAKED SHORTS:

I can't find the post but someone said that "naked shorts would have to cover" .

Last I heard , "naked" shorts are still illegal , offshore, shady transfer agents which the SEC still either turns a blind eye to or cannot prosecute.

If I'm wrong , someone explain it to me.

Anyway, naked shorts are the ones that have been trying to drive ELTP price down for a long time imo , just so they can get shares lower for legal purchase..

and if they want in at lower pps then they must realize what us longs know about the true value of this stock.

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