Replies to post #344631 on Elite Pharmaceuticals Inc (ELTP)

[Chasing]

The only way we go up is through earnings, a merger, and the eventually buyout.

so really just earnings, which will take still several quarters at best. I'm a little surprised it can't hold .07 but I suspect contintued dilution, which is why I think there's no way this thing moves any time soon.

I don't think Nasrat was nefarious a few years ago, but I do think the FDA has driven him to it. How could it not? I have no doubt he was truly told the problem could be resolved with a label and had the rug pulled out from under him. True, he probably shouldn't have been naive about it. But it still remains that he and we have been screwed by the FDA changing their word multiple times.

[jour_trader]

I disagree. If Nasrat is in this for the long haul, there are levers he can pull to organically move the stock price up. Is he in it for the long-haul? Doubt it.

He could:
- Launch IR communications program (nothing being done today) and tout achievements and strategy
- Continue to invest in pipeline
- Launch small stock repurchase plan to stabilize price and start reducing bloated OS
- After few more quarters become eligible based on financials to move to NASDAQ with reverse split.

There’s lots Nasrat could do now that we are finally CFP, but what will he do is the question. The above are steps to increase investor confidence in leadership opening the door to investing in this company. At this point, there is no long-term plan communicated so at best, the company is ignored until certain steps start to be taken. Now that we have cash, let’s see what he does with it. Strengthening the balance sheet as we’ve seen the past couple quarters is a great start, especially during these uncertain times.