ELTP-starting 2013 valued 600% higher than starting 2011.
I took the indicators off the chart to make it VERY CLEAR that Jan. 18, 2011, price closed at .04 for ELTP... Jan. 18 2013, price closed .085!
Now, when you look at the chart below, you will see that price is over 100% higher now, than 2 years ago. Patient longs still have had over 100% gains...
And.... that is with a significant increase in amount of shares in the float.
So the market is valuing ELTP over 600% more today, than just 2 years ago!
Those that say ELTP hasn't made any progress in 2 years, here is the proof!
Indicate the number of shares outstanding of each of the issuer’s classes of common stock, as of the latest practicable date. As of February 11, 2011 the issuer had outstanding 106,129,258 shares of common stock, $0.001 par value (exclusive of 100,000 shares held in treasury).
So .04 x 106,129,258 =
Company valued at $4,245,170 dollars market cap!
Now...As of November 8, 2012 the issuer had outstanding 350,337,260 shares of common stock
.085 x 350,337,260=
$29,778,667 dollars market cap!
So the growth of ELITE PHARMACEUTICALS, Inc has been 600% in 2 years, from a 4.2 million dollar company to a 29.8 million dollar company.
Way to go Jerry Treppel and team!
Sentiment: Strong Buy