It comes down to a lack of trust in the leadership. Lots of talk, no action. I should say the only action comes in the form of CRLs, consistently. The CEO continues to shout from the rooftops that Elite is the tech others want. Lots of ra ra and no fruits from laboring. This is a prove it to me stock. If the warning letter does get lifted, it may be a good selling opportunity on a nice bump. But the price will fall again until an ANDA approval. Even then it will still fall again until an actual sales plan is not only launched but real sales are coming in. Show me more than hope and wishes are what investors want. Until then, nothing but rainbows and puppy dogs wrapped in a big CRL bow.
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