Hunglow - Here's a different way to look at it. This is an $.08/ stock, therefore it is speculation - period, aka a risk - but if you are wanting to speculate, I really don't think there is any other $0.08 / stock that is positioned any better. If I lose my investment, about 15k shares, then so what? If it moves where it might given the "ducks" that management has lined up, then I could make a nice ROI. Summary - risk return relationship is alive and well in ELTP.
Those with a gambler's mentality never win in the investment game. Elite Pharma is a long-term investment, a real company with real products, and practical leadership with a strong business plan. It's really difficult for any basher to take away with today's patent achievement with more success to follow. Patience is key. Cheers!
Wrong watergirl Elite is a penny stock with a half billion shares outstanding. Everything is not peaches and cream here and why Elite has fallen -63% since May after the 10-K was released. I suggest you read it.