r/ELTP_Stock

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Where did the price collapse? Know that your money is giving him exit liquidity?

I just want to leave this here for new investors. Around this time last year, Wolvshammy led a campaign stating that buyout was around the corner. He also opened many false supporting accounts to help him, but the point was to recruit as many investors as possible to gain exit liquidity in ELTP.

He swore buyout was around the corner and as the stock price rose he unloaded about 1.6 million shares and as you can see the stock price crashed around the same mark he and this particular group of pumpers sold at.

Today, he is looking for more exit liquidity. Be wary for deception. There are many such accounts on ELTP. They will claim that FUDSTERS are manipulating a barely known penny stock to keep it down, when really the price was suppressed by those hoarding millions of shares. They created a ceiling where newcomers will not get far in money accrual if they are successful at all.

The manipulators are the pumpers. Wolvshammy has been willing to "pretend" accrual to convince others to buy in, but it's matter of basic math. Sacrificing a grape to gain a melon. He deleted the daily posts about buyout and only left a few up, along with crazy evaluations of $4 per share to lower the guard of new buyers. A lot of people lost money on this pennystock and on the manipulation surrounding it.

Please be careful listening to the DD and overestimations of this stock's value. GL and I wish you the best.

Some of you these days criticized the CEO because of the falling stock price.

Some of you tried to explain the falling stock price by pointing out the 5m compensation that the CEO got or the warrants or the outstanding shares...etc.

And it's false, the stock price traditionally goes down if the company is:

• mismanaged (and this is not the case)
• falling revenues (this is barely our case but we have new products coming so we are not in this position)
• uncertainty about the future of the company, that's our case.

Uncertainty.

Currently we know that something will happen between November 2026 (next CC) and February 2027 (possible uplisting) but we don't know what will happen exactly, the CEO surely knows but he can't disclose it.

The market doesn't know in what direction the company is heading to, not having a direction is what makes people lose confidence, without confidence the stock price goes down, while the market waits about the next news.

That means that the stock price will go up the moment we will have news if either we will merge and uplist, if we will uplist alone, if the company will be bought out...etc.

I have made a new board where we can all stick our heads in the sand and listen to each other pump ELTP while the share price falls. We all must pledge our loyalty and love for Nasrat or be banned from my new board.

Hey ELTP stockholders,

Attention comes when more warrants issuance occurs, like to know how such events affect the primary market activities, will warrants be exercised and in for the ride another “dumping” ground of higher float?

Appreciated no rage or solicit, thanks.

Note: Avoid speculative or punitive answers.

I love this stock but this ridiculous. There's only like the same 5-6 real people on this place and the rest are days old to months old accounts from both sides either spreading fud or spreading unrealistic bullish predictions. I just want to see REAL people's discussions on the stock thank God wolvshammy made the new subreddit to get away from this nuisance

In the early days of PLTR I made a similar post because we were having the same problem this board is. People spamming / trolling and then claiming they were "making a bear case".

They are not. So I'm going to give you people a good example of what stupid reddit FUD looks like and what an actual bear thesis looks like

FUD:

"oh my god! The stock went from .25 to .22 on no news!!! hows it feel?!?!?" - this is a low volume penny stock. One guy selling or one guy buying will cause big moves.

"Bag holders!" - this means nothing. Its a term used by people who don't know how to read a balance sheet

"$5M bonus!!!!!!!" - Meaningless. Nasrat has 220 million shares. Ultimately he'll make far far more money getting the stock up then he will skimming off quarterly profit. This is the only "fud" that has some credence if it keeps happening or that number rises. But I've been invested in this for 2-3 years Nasrat has for 29. He can take some cash off the table. But his ultimate incentive won't be cash it'll be the 200 million shares he owns. This is an attempt to get an emotional response and pretty much anything attempting to manipulate your emotions if FUD.

"Look at this chart with the dates I've selectively decided!!!!" - About as meaningful as me using the chart pre-vyvanese to claim this is a great investment. Chart investing is for suckers. If your an active employee at Jane Street its great but 99% of people who attempt to invest on technical analysis will lose all their money and burn out.

"oNe bIlIOn sHaReS" - meaningless. Doesn't matter if there's 1 billion or there's 10 million. Daily volume is daily volume and market cap is market cap. At one billion shares this is .22 a share at 10 million its $22 but there would still only be about $300k of daily volume and you'd want to see about 10% of the market cap in daily volume so we need to hit about $22M regardless of if thats spread of a billion shares or if its spread of 10 million. Share count would only REALLY be a problem if they needed to raise money in the future. Seeing how they have 0 debt and are profitable this really doesn't matter. Again, this is something that sounds scary that's attempting to illicit an emotional reaction. You never really see these people explain why a large share count is a problem

BEAR THESIS:

"Almost all the financial gains from this stock have come from a single product that has been getting compressed quarter over quarter" this is true. Personally I didn't invest in this because I think Methadone and Vyvanese are great investments but this is 100% true and 100% a real risk

"They only have one major client" - true and a risk but also typical for the industry. There aren't very many pharma distributors. If we become a major manufacturer for generics we'll have like 6. But the risk at the moment of them turning around saying "nah we're good" is very real and would be very disruptive"

"Future growth is reliant on government approvals" 100% true. So far ELTP has done a great job identifying and getting approval for high margin generics but the "past doesn't predict the future" pendulum swings both ways.

Though it would be fun to add a bear thesis version of a common Fud - "ELTP will need to raise money in the future and the large share count will make that difficult" - I don't think that'll be the case since their so cash rich but this would be an actual bear thesis.

Really anything that's not trying to enact an emotional reaction is a bear thesis. If they are discussing the balance sheet, the market, the industry soberly then its a bear thesis. If they're basically going "LOL U BUY AT .75?" its FUD.

TLDR My Theisis - if you go back to when Wolv was spamming "buyout soon" you'd see posts by me saying "I hope they don't". Personally I invested in this because I believe in this managements ability to identify high margin generics and get approval for them and I believe there is a lot more money in that long term then selling the company for $1.2. The pharma market in the USA is screwed and I believe there is a lot of room for a new player and when they get established I believe that new player will be worth a lot more then the .39 / share my average is currently at. But this is still a penny stock. A million things could go wrong. The entire point is you can use a little bit of money to get a large position. So be careful and make sure your weighting your position properly. If my ELTP position goes to $0 I won't feel it. Oh also, this is coming

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Good luck everyone I hope this helps you identify who actual bears are and who sad, sad people just trying to troll a subreddit are.

edit: I would also not listen to anyone telling you this is a sure thing. Its a penny stock. It has a lot of risk and there are going to be big swings. Personally I think the risk vs reward profile is high enough that ultimately I'll do better sitting on this then I would have in the S&P but be prepared for this to go to .1 before it goes to $1 and ultimately be prepared for it to even go to $0. You should NEVER go "all in" on a speculative penny stock.

In 2013, Nasrat Hakim left Actavis to become the CEO of Elite Pharmaceuticals. It was on the heels of a strong legal move that Actavis made on a patent dispute and was able to access a drug earlier than other competitors. Hakim likely parlayed a role in that to move to earn a shot at a CEO position. Careful what you wish for though - although there was excitement for an Anti Abuse technology, he may have not realized he walked on to a ship where he was in charge of rearranging the shares on the Titanic. Luckily for Elite, Nasrat refused to accept defeat and pivoted the company. That's a story you've heard me detail before though. Right now, you're going to learn about The Wolf Pack and what happened at Actavis almost immediately after Nasrat left.

Bill Ackman, CEO and Founder of Pershing Square, a hedge fund, made an agreement with Valeant to buy 10% of Allergan. Once their position was made known, they made an offer to buy Allergan for $46 Billion. The CEO famously said he felt "surrounded by a wolf pack" to describe the situation and phrase stuck. Actavis stepped in, debatably as a White Knight and debatably with their own motives, to buy Allergan for $66 Billion. Ackman made $2 Billion off of the move and Valeant picked up a nice $400 million for being part of the wolf pack.

How does this apply to Elite Pharma?

The players in the move above decided to act in coordination to make a move on a company, but individually they had no legal requirement to file a 13D since they did not have a position over 5% at the time (there's some gray area here legally, but it's inconsequential at this time for this part of the story). Once the wolves had accumulated their position, they then filed the required legal forms and made their move. That is what a wolf pack now describes, a group coordinating a move, riding a legal line, in order to quietly gather up shares to make a move. The move does NOT need to ever be filed unless they decide to formally combine forces right before an announced move (they would they file a 13D, or, less likely, a 13G). The whole pack moves quietly in the night. The smart ones already know where this is going...

Wolf Packs do NOT have to coordinate a long effort - they can be shorting and suppressing.

What does a Wolf Pack move look like in reverse? It's a move coordinated in the dark to hide the intentions of the group. BUT WOLV!!! What would that look like? Glad you asked:

1. Coordinated fear posts being spread that would be obvious. Obvious how? The same posters who were spreading fear and lamenting the "loss" on their stock shares would CONTINUE to post negative things about the stock as their supposed shares when from 2.7 cents all the way to 82 cents. Which is interesting because when MY shares went from 2.7 cents to 82 cents, I sure wasn't posting horrible things about the stock. That sounds crazy if you're naive. It sounds intentional if you have a single brain cell.

2. They would put themselves on boards so they could ban positive posts and flood any person who is gaining attention to undermine them. FakeQueen/IrritableBowels had two accounts as mods on Ihub and they would ban anyone who gained too much attention. The only ones they couldn't ban were the positive posters who were mods as well The only reason she got removed as a mod is because she got too arrogant and started making antisemitic remarks to one of the posters and booted from the role. No2Koolaid was an infamous poster on this stock who worked in finance at a Fortune 50 company. He was harassed constantly and a huge nuisance to the FUDsters. They were elated to hear of his unfortunate passing a few years ago, and I truly wish he were here to help battle them.

3. Unusual Trading Activity - spoofed orders, dragging the bid, washed trades.

4. Paid accounts and bots - Look at the accounts commenting on FUD - look at the number of purchased Reddit accounts commenting FUD on this stock. Look at the number of brand new accounts with negative karma spamming posts and negative comments. And look at what they say - NOTHING. Not a single iota of actual reasoning or research. Just fear, hate and fud.

Reasonable people have asked "where is the proof of shorting?" Of course there is naked shorting, but you don't NEED to naked short with a Wolf Pack strategy. It's right out there in the open. Over 50 FUD posts have been deleted from the other ELTP forum in the last 40 to 45 days alone.

So how do we fight a Pack of Wolves?

There are three ways to fight them.

1. Report them to the SEC and the FBI - go for it if you want. A forensic accountant who specialized in fraud reported Bernie Madoff for 12 years with no luck. Criminals know the government isn't going to do anything about fraud. Vlad openly robbed the public. Senators trade on inside info daily.

2. Form a counter attack through an investment vehicle/LLC/group - I guess possible but highly unlikely for a stock this small. I own more shares than everyone in the C-suite except for the CEO himself. And to be clear, I'm probably obligated to say I'm specifically NOT advocating for this as that would likely trigger a general solicitation and a 506C filing.

3. Look the other way and profit off of their efforts - I've kind of taken this approach, but I can't keep my mouth shut. So, I wouldn't say I look the other way. I clearly call them out all the time, but I do acquire shares more aggressively the more I feel like they have suppressed the stock. Look at the fundamentals. The PE ratio is criminally low.

Why do you think the gap is there for.

Because they can, thanks a lot Nasrat

Here we go again, I say we loose 2 cents this week and go into the teens. Everything stays the same, down down down. So why buy now when you can save .07. They want you to buy.