Replies to post #213679 on Elite Pharmaceuticals Inc (ELTP)

[RLSJ84]

High 3s to 1 and change. But recovered. Then one day got approval and went from 4ish to 12ish.

I think Elite is in a similar situation. Small biotech first submission to FDA. (Despite elite adding someone from FDA) and just had minor issues that mere communications with the FDA resolved.

But we won't know for at least 30-45 days.

Monday will be interesting to see people's thought process. Dollar stocks are different from penny stocks. They behave much much different.

Caveat to all this.....SOMX is now out of business. Go figure. Pharma world is indeed very risky. But upsides are phenomenal.