Replies to post #30674 on Elite Pharmaceuticals Inc (ELTP)

[tangerine]

I have to admit that was a funny post by Ama. All the products are priced in before they even are FDA approved, bring in revenue or we even learn what some of them are. Company is therefore trading at a PE of .1 based on projections on some of the ones we know about.

Reason PPS is low is because traders are bid wacking to get people to sell and get people frustrated.

Meanwhile company is about to be profitable going from 4 relatively new products to 8 products. Based on what we see on a daily basis, this explanation makes a lot more sense and. Ties some ends here toether.

And it is coordinated as some folks work the price back and forth, trading between a small group of individuals.