Replies to post #278241 on Elite Pharmaceuticals Inc (ELTP)

[Don'tDrinkTheKoolAid]

It's in the only interest of MM's to short it. Holding it at anytime would be disastrous for them.
Naked shorting is not happening here we've been over this before.

[WeeZuhl]

No it isn't.

Its being shorted every trading day and they know it..
otcshortreport.com/company/ELTP?index=ELTP

Nobody is shorting ELTP. I will give you another important tip, though. New shares are considered short by otcshortreport.com. Every day they will report short shares because it is impossible to keep immediate account of OTC buys and sells, but when Elite issues new shares through Lincoln Park, there will be an increase in reported shorts at otcshortreport.com.


Anytime anybody says there has been an increase in ELTP short sales and cites otcshortreport.com, think to yourself, "Uh oh, Nasrat is diluting the stock more by issuing new shares through Lincoln Park Capital."


Also, contrary to what was reported yesterday, ELTP cannot be shorted through Schwab. I have 2 accounts at Schwab, a brokerage and Rollover IRA. Both hold substantial numbers of ELTP, and neither are capable of short-selling ELTP. It cannot be done online or through a live broker.