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Elite Pharmaceuticals Inc ELTP
Posted On: 11/16/2012 10:34:51 AM
Post# of 2146
Posted By: Couch
I'd like to get some sense from the longs here what they think is going on with the stock price currently? I realize some Epic investors sold for a profit awhile back, people got discouraged by the Phentermine API situation and sold, people sold for tax purposes before the fiscal cliff debacle and a large number of shares have been shorted recently.

I get those factors lead us unfortunately into the .07's. But nobody thought we would be profitable at this point with drug launches being held up for so long.

In essence, Phentermine is launched, we have Naltrexone up next...the CC conveys the Socius deal is back on, Novel is looking to be sold......and here we are still sitting in the .07's. If you told me we would be back at .145 I'd say makes sense. Is this stock ever going to climb and hold the teens? This is crazy at this point with as much as the company has turned itself around. What gives?













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