Replies to post #239566 on Elite Pharmaceuticals Inc (ELTP)

[Just give me $1.50]

And there are also nasdaq companies with ZERO sales that trade over 10 TIMES Elite's market cap.

Perhaps Elite's stock price should be $1.70 right now like those other Nasdaq companies with ZERO sales.

I know of nasdaq companies with $25B pipeline, doing $70mil in sales from only 1 new product and trade at only 2 time elites market cap.

[jour_trader]

The float from ongoing dilution is a noose around their neck. This will permanently go away after the tech is approved and unexpectedly large sales are rolling in or after a reverse split to get us to NASDAQ - assuming the company doesn't get acquired. Company still has an uphill battle. FDA needs to green light with an ER or IR approval.