Replies to post #383923 on Elite Pharmaceuticals Inc (ELTP)

[Pharma Sleuth]

The biggest problem they have is that in order to buy those shares back, the stock will run away from them. The fundamentals of the company are extremely strong at this market cap. The stock would get too much attention and people tend to follow trend. It is why stocks run the way they do on OTC.

A few million shares bought and the stock runs 20-50%. We just saw it. They did flood the market. then they have to create the reasons why the stock is down, but all that is left is Nasrat the bogeyman and look at the price.

It is a self fulfilling prophecy. Drive and hold the price down with short shares, then make up the reasons why. Post a million times a day every day. That's the psychological part. Eventually people capitulate, get worn down. WHY ELSE WOULD PEOPLE POST THE SAME NONSENSE 10X A DAY?

It's to have that psychological effect.

Honestly this stuff isn't that complicated when you remove that emotion.

The line from the CEO "The better the company does, the lower the stock price goes" should tell you all you need to know to see whats going on.

[namtae]

Sequests demise was in 2016

So you've analyzed ELTP has been shorted since from the high 30's all the ways down without any significant covering.

Do you have any idea how expensive it would be to hold a short of a penny stock that long?

Also, now that in the past few years Elite has apparently turned the corner into a self sufficient, profitable company. Yet the alleged shorts remain short, no effort to even try covering? Why not?

You read too many blogs and posters making all kinds of claims of the secret way to do it.

Shorts pile on companies taking on toxic securities or penny stocks that get pumped through massive promos sending the share price skyrocketing on worthless companies

This ELTP narrative about shorting/manipulating is silly.

Theres plenty of ways to determine a serious short threat and I bet, neither you nor the others have even bothered or could get access to that info

Its "feel good" stuff for longs waiting to for the squeeze. Not in ELTP, thats a pipe dream and nothing more