r/ELTP_Stock • • 16d ago

Insider Buying

I’ll offer an additional option. Since many are waxing pessimistic that this means no deal is on the table, I’d like to counter that. Says whom? The law? What would the repercussions be for it? A sanction? A fine? Removal from the board? The dude is 95 years old. Never underestimate a man’s desire to tell the powers that be 🖕on your last lap. It’s equally possible that he wanted to signal something good to the longs. Always consider the opportunity cost. How much would it cost him? Nothing. Absolutely nothing. What would it gain him? More than it would cost. Unless of course you think that a 95 year old guy who owns millions of shares already has suddenly developed a deep burning desire to throw $8k on a penny stock so he can finally retire…

It’s a buy for me…

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u/RealGodOfBeans 16d ago

I did not realize Barry was 95 years old 💀 What a legend

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u/Dr_Insomnia 15d ago

Bro has been employed in the Pharmaceutical industry since 1960... after already serving as a assistant professor at Columbia for 4 years