Replies to post #282321 on Elite Pharmaceuticals Inc (ELTP)

[Gman24]

Nice post mts...we are more than ready for the ride.

[mrwrn2010]

I agree with most of this but 1 question - does Nasrat really own 51% of the shares? I thought he had ~150-160M of almost 800M total.

[no2koolaid]

mts, that was an excellent post on many fronts. But, as the end game is most relevant to long term shareholders who have maintained their faith born of proper due diligence, your most telling point is one missed almost completely...Nasrat has always been invested in Elite for the purposes of their being acquired rather than going it alone and reaching the big board. His majority ownership ensures Elite gets to his destination, a destination that will benefit all shareholders, but most assuredly those who have larger positions.

It is a tried and true criticism by analysts who complain when CEOs and senior executives own very few shares because it is an indication of little commitment to the company and less skin in the game. However, taking shares as compensation, as is routinely being done by Elite's executives, is the antithesis. Still, unencumbered by facts or evidence, attempts are made to try and parse an argument that holding so many shares is a negative. And, of course, the companion to that is the ungrounded and irresponsible statement that Nasrat is selling shares. This without a shred of evidence. Frankly, I have no respect for ungrounded arguments.

https://www.merriam-webster.com/dictionary/bias

[Don'tDrinkTheKoolAid]

Must be why the stock can't get out of it's own way.

[Jimmy Joe]

mts I agree with others..... very good post.
That would explain the run up to $0.97 then the stock price decline
down to what it is. Like I have been saying, make money going up and make money coming back down.

Anyone that thinks this stock cannot be shorted is in denial. It can be shorted easily and is shorted every chance they get.

[BostonTrader]

Manipulators are one thing, momentum traders (which are the ones who ran up to .97) are another. Momentum traders will focus on ANY stock they think they can move, period.