Elite investors might want the share price to increase - even if less than GME - but should want it to be based on strong fundamentals. I am sure that there are Gamestop investors who think they are smart but they are merely riding the wave of Reddit's efforts to organize a slapback attack on hedge fund shorts...and they are winning based on emotions not financials. Retail investors are jumping in based on momentum; which shows the problem with Elite being on the OTC. Hard to get that kind of traction when MMs can use so few shares to manipulate the p/s and there is little awareness among mainstream investors of what Elite has done to become profitable.
The fact is Elite is profitable, GME is not. What is happening with GME will come to a screeching halt and here is why...
As noted GME is not profitable. They recently exchanged debt for bonds and are seeking to generate cash by selling real estate - which they should not have bought but leased. Buying properties increased their financial exposure. Same store sales for GME are down and revenues decreased 27% in the quarter before the last one - which was reported in December and saw revenues decreased 30.6%. So, the trend is decreasing revenues, just not as much as expected.
So, NO! Elite does not need a financial Gamestop story. Elite is increasing and will increase revenues. The complaints that Nasrat should be stepping up and making PR is nonsense - how many PRs did GME put out recently? RIGHT!!! Elite needs to focus on its business and it remains for people to buy shares. At least those who realize that investing is about looking at the future of a company and seeing it has a sound business with strong financials. That is investing. What we are seeing with GME is another just form of manipulation...admittedly high profile, but manipulation nonetheless.
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