Replies to post #57865 on Elite Pharmaceuticals Inc (ELTP)

[Aqua]

Hey there, IB.

Those were interesting insights from Soccadoc. Although I'm still investigating this, Yahoo Finance ELTP Insider Transactions showed some insiders and major holders sold some of their shares as of May 8, 2013. What's more mysterious is DriftnDrew discovered correlations and similar trends after Lincoln Park Capital formed agreements with several companies, and seeing their PPS drop. Maybe a coincidence or anomaly. With respect to ELTP, my hunch is Epic and their "agents" are deliberately capping the PPS to "thin-out-the-herd" of retail longs through attrition. It could be a setup for Epic to scoop cheap shares or they have something planned down the road - reverse merger or buyout by Actavis. The good news is Elite's ADT/ART just may be the "real deal". Just my opinion. Cheers!