Replies to post #345051 on Elite Pharmaceuticals Inc (ELTP)

[namtae]

Beyond ridiculous

The lack lustre volume and side ward movement of price suggests that the market is anticipating some major news in the short run.

[WeeZuhl]

I believe, the price has bottomed out and cannot go down any further.

I would like to believe this is true, but the available objective evidence suggests otherwise. Valuations and projections vary wildly among the amateur analysts on this site and others, but the only true professional analysts who have followed this stock regularly over the past 6 years are from the team at Lincoln Park Capital. They believe it is possible for SP to fall below .03.



https://sec.report/Document/0001213900-20-017103/

(b) “Accelerated Purchase Floor Price” means $0.03

How about the ADT technology they develeped. I believe it is patented.

It is, in fact, patented, but, unfortunately, not by Elite Pharmaceuticals.