Replies to post #372563 on Elite Pharmaceuticals Inc (ELTP)

[no2koolaid]

Wrong...

You act like our troubles with the stock price are recent.

The list presented is not incorrect, but it has no grounding. Let's do a quick grounding...

"Dollarland" was first brought up with SOX, as was the statement that "no one can stop us". It also ties to the uplist to the Nasdaq. A bit hyperbolic for sure. However, all seemed possible pre-SOX CRL...6 years ago, when the company had little revenue, debt and NO profitability. In case it has been missed, the macroenvironment changes and sometimes dramatically...notice the pandemic? How about the opioid litigation and regulation? Change in US presidency?

As to fundamentals being built...How do you think they got to profitability AND were able to establish the financials that enabled the loan and purchase of the building! Yes, a business with increasing revenues and profitability priced at 4 cents is undervalued...obscenely!

Finally, not sure where the $2.40 came from, unless it is some average of the valuation analysis mid-point ($2.10) and high point ($2.70). Funny how the mention of the valuation with the 40 cent low became self-actualized.

As for the list, clearly missing are the positives. But this being the OTC, who cares? It is all about trading not investing, right? Since I do not need the money right now, I will wait because I see what is happening. That I can see it largely is because of my background and education, which is not so common. Kind of like speaking a different language, which is what education provides. So, people can listen to me or not. I do not care. I am merely here to offer a distinct perspective, not count the daily heart beats of the share price and suggests how to trade.

Relatedly, we once had "someone" posting here about technicals but she (yes, she) gave up and sent me a note that she could not apply the technicals because of the manipulation, so she stopped visiting. Bear that in mind! (pun intended)

With that, I have a busy day...