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Elite Pharmaceuticals, Inc. Message Board

  • meifud meifud May 15, 2013 9:41 AM Flag

    elite's insiders selling in advance of any sale of their interest in novel

    16 million shares on the open market in the last six months without a single share bought

    and that includes the chief financial officer

    would almost seem as though the mention of monetizing novel was intended for nothing more than pumping the price so insiders could sell, but it was probably just a coincidence

    we think the monetization was mentioned for no other reason than to keep hope alive as the company was reporting to the SEC that there is doubt as to their ability to continue as a going concern

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