A reverse split does nothing to increase cash flow.....the revenue is the same,, it is just allocated among fewer shares on a per share calculation.......There is no reason for a R.S......it does nothing, except increase the overhead cost to the extent of the cost of the R.S.....makes no sense......This share price will not increase until there are approvals......and it will be stair stepped.....as the approvals come in and as the products are marketed.......it will take more time as these things always do.......

My numbers are for the year ending 3/17.....not quarterly

I am speculating 15M in revs; 5M cost of rev; and 10M gross.......or better......no thoughts on interest expense, etc........

O.K....calling all speculations (pro and con),,,,,,,What do you speculate will be the financials on the next report? Revs.....loss......adjsuted.....???....whatever you think........just for grins....give it a go....

Thank you........I missed it....there are so many postings on the board that time just does not permit reading them all......my life would be spent doing only that!!!

Is the next earnings announcement expected sometime between June 13 and June 19? Yahoo so indicates, but I have not seen an announcement. Do they usually do a CC the same day?

Happy SequestOx to you......Happy (and so on)........and many happy ANDAs .....

Very likely the first of several positive P.R. announcements on approvals over the next 1 to 3 years.......let's guess the share price at the end of this year; next year and 2019.......my guesses are: 65 cents..........1.25...........and 1.75 in that order.............yee hah!!!!........what can the naysayers come up with now?????.......

PR just out on SequestOx.....data will be out in July, 2017....delay due to patient recruitment issues.....IMO......this is good news.......doing it right....getting it right...

I think that anyone who advocates for not developing abuse deterrent opioids because some of those already "hooked" will seek heroin, fentanyl and the like to satisfy their addiction and, thereby, forego the opportunity to prevent abuse and addiction in those newly prescribed opioid pain killers ....resulting in numbers of new addicts.....more deaths.....are wrong headed............prevention is easier than trying to cure any addiction and should be done with all speed.......this is the policy of the FDA, CDC and the medical community.........Sorry, Weez......your article does not support your thesis and weight does one of the authors.....give it up....

THE ARTICLE THAT YOU CITE BY GRAHAM IS DISCUSSING A STUDY AND REPORT BY RAND......YOU FAIL TO QUOTE OR ACKNOWLEDGE THE STATEMENT BY POWELL (CO-AUTHOR OF THE RAND REPORT) REPEATED BY GRAHAM, TOWIT: "THE FDA IS ENCOURAGING THE DEVELOPMENT OF MORE ABUSE DETERRENT OPIOIDS SIMILAR TO THE REFORMULATED OXYCONTIN. THAT COULD CREATEA "TIPPING POINT" POWELL SAID.......IF AN OVERWHELMING MAJORITY OF PRESCRIPTION OPIATES BECAME HARDER TO ABUSE, IN THE LONG TERM THAT MAY REDUCE THE LIKELIHOOD THAT PEOPLE GET HOOKED ON ANY OPIOIDS TO BEGIN WITH. THAT COULD EVENTUALLY LEAD TO OPIOID OVERDOSE DEATHS DECLINING."

THE LIKELIHOOD THAT PEOPLE GET HOOKED TO BEIGN WITH.......IS THE KEY TERM........SO, THE FDA IS EMBARKED ON ENCOURAGING THE DEVELOPMENT OF ADT OPIOIDS.....MAKES PERFECT SENSE AND ONE OF THE AUTHORS OF THE RPORT YOU RELY ON AGREES THAT SUCH COULD LEAD TO FEWER ABUSE DEATHS....THANK YOU FOR BRINGING THE REPORT TO MY ATTENTION.....

There is one step in the logic necessary to reach your conclusion which is not covered by your data.
Your conclusion is, as I understand your post: ..."the increase in all opioid deaths is explained or caused by the introduction and increased prescription of ADF Oxycontin. What is missing is data that shows that patients prescribed ADF Oxy stopped that RX and went to other opioids. Also, it does not show the number of patients RXd the ADF Oxy and stayed with it and did not die of opioid abuse.
If you conclusion were correct the proper public policy would be to stop development of abuse deterrent opioid meds. New patients would only have the currently available and not have the benefit of abuse deterrent.......that makes little sense to me. The often stated concern and demand foru more ADT opioid pain meds by the medical community and disease control experts. In short, total opioid deaths might have been, and almost certainly would have been, greater in number. I must say, though, that I appreciate your post.....I just think that you have arrived at a conclusion that is not supported by your charts.

No...I am not trading either.......my thesis is: the company is sound financially; has the generics for sustaining, but not breath taking, revenue; has some partnerships (quite frankly are hard to quantify); but the real promise is the ADT product pipeline especially considering the huge social, legal and medical issues surrounding opioid abuse. Feels good to invest in companies that actually can improve our society by helping to solve/treat disease. To me, and I certainly do not know, a "Golden Cross" is confirmatory of huge buying interest and will be a huge buy signal for some. But the power of that dissipates at some point/percentage.....there have probably been dissertations on this subject. Fun to watch and enjoy your sensible posts....

Couch: What would the chartist predict for price movement once the golden cross happens......by the way, by definition, doe it have to happen and stay upon the close for one or more days or is it enough that it happens even if temporarily....??? Not sure at all what the "science" of charting would say about that...............In my mind, this share price does not go to where we hope and expect until approvals and then the golden cross will be insignificant......

It depends on the credibility of the complainant.....if credible, the investigation is done right away and is announced....if not, they don't do it and don't announce it......

Well......the complaint has to be fact based and from a credible source.....if the source is credible, the investigation is started immediately...and announced......if an investigation is not announced immediately, that means that the SEC has concluded that the source is not credible....not believable......since the SEC has not announced an investigation......guess what? ....the source is not believable........

Yes the can.....they may hold as much or as little as they want to.........the 4.99% perameter has to do with the duty to make public reporting on financials........they are not a public company now...but, if they were to hold 5% or more of the A.S. they will have to report there own financials.........unlikely that they would want to do this...but they could.........

They could be holding some .....or all......my guess.....they actually look at the market.....they look at the bid and ask.......they look at volume.........they have done DD.....so, they can hold or they can sell or they can do both........but, they will not let their holdings exceed a certain % of their total....no way to know what that is....but, they are intelligent investors...

Oh......wow......4.99 % of the OS is about 45M shares......so they take that and sell it right away and then get another 45M shares....then sell it........interesting .......the ave daily volume has been about 830K shares........about 5% of the 4.99%...........so, if you are right, and if all of the shares sold in an average day were the LPC shares, it would take 20 trading days to sell those shares........it has been less than 20 days that the "deal" was announced..........SORRY....your BS is easily exposed......

Please post your source for that.....how many shares have they purchased in the last 30 days...or whatever time period you choose.....and how many have they sold? You would have to know that to make the statement that you did if it was in good faith.

What are the number os scripts for such; what is the price range for these meds' would you not expect Abuse Deterrent to command a higher price that current science?

The consensus of the sensible seems to be that SequextOx will be alone in its market if approved in the near future.......some believe it to have Billion dollar sales potential....I do not know the market for this med....but others do.......I do believe, however, that sales should ramp up very quickly for this least dangerous option in the class.........IR opiate............if so, the bidding war to acquire Eltp cold be fierce.....

LPC is not listed as a major holder right now........we do not know if they have been requested to purchase shares under the most recent agreement as of this date. If they purchase under the most recent agreement, they may or may not sell right away........they surely have done substantial DD on this.
They could hold all; hold some; etc.....very likely to depend on what they believe to be the near and long term future for Elite and what the price movement of the shares is at the time.........my guess is that they will not let the investment in any company become too large a % of their total investments.....it is a private company so no one on the outside will know those holdings.........

I am very long ELITE.......I do not want them wasting time or money pumping their ADT until approval(s).........word will go out through the medical community like wildfire once this is available......docs who rx pain meds want this.......when they read the studies and know that it is available, they will rx it quickly..................if for no other reason, to rx anything else will result in huge lawsuits for providing dangerous drugs when much a much more safe pain med is available.......this will be the easiest class of drugs to market since polio vaccine.....

There is none....none listed on Elite's website for SEC filings.......

Well , they could do that.......on the other hand they could hold for a while.........they certainly would not want to commit to purchase on demand on a company that has a likelihood of falling stock price....and would be inclined to do it on a company they believe to have a rising stock price.......

If it is a failure, why would Lincoln Park Capital agree to purchase so many shares? No doubt they did due diligence in this company to make such an open ended commitment........also note that there was no closing date in the exchange agreement......my guess is that the exchange closes and LPC is obligated on their agreement to purchase shares as demanded by ELITE only if the SequestOx is approved or the study is so strong that approval is virtually certain.........second possibility.....only if a contingent deal is consummated that may also be tied to SequestOx............the lack of a closing date in the agreement tells me that there has to be some event in the near future to cause the closing to happen...

I think that there is more to it.......I think that have had a "look under the petticoat" and really like what they saw..........they see scenarios unfolding that will ramp up share price quickly.......they have, according to their website, a great deal of experience in investing in life science oriented companies.......I like the deal because the number of shares they have to purchase is controlled by Elite .....so, if the ramp up is fast enough the dilution could be much less than the maximum.....

OK.....but, what if you were LPC? What would you have to know to justify that deal????.....They have to believe that the 11M Bonus shares will be climbing in value quickly and that will justify the commitment? What else could it be???? They had to get a real peak at the deck to justify this commitment......

LPC web site shows a very sophisticated company without fools.......they have the talent to know what they are doing......so...query: What is in this deal other than the fact that they MIGHT own 40M in shares? They could buy those on the market.......the got over 5.5 M shares bonus......and will get a like amount in the future...........that is worth about 1.8M dollars at todays share price......much less than the interest they would earn on a 40M loan......or line of credit which is what this deal is most like......

So what is in it for them that is not apparent?.....I do agree that they had to know more than what is on the street to do this deal.......what is it? Has to be big.....has to have a great deal of certainly......

Can't wait.

I added 100k today ave price about 17.4 or .5..............there is some big news coming.......IMO........I hope this goes to 25 this week and shuts down some of the gloomy gusses on this board.......then, really good data in 2 weeks would spring this puppy up and up....................2 years from now, NAMTAE AND DR. WHATHISNAME WILL BE LONG FORGOTTEN......

This happened on March 30 according to the chart on Yahoo Finance.......to the chartists.....how is the delay, if any, in upward price movement after the "cross" taken into account????

OUTRAGEOUS...........................what possible basis do you have to make these statements..????? What is your source and what did the source state that was factual????

No.........this thread takes speculation to the extreme........is it possible to "speculate speculation"?
They would not have had to go through these machinations.......for what is suggested...........

hmmmmmmm...........reminds me of the gang that could not shoot straight...............First, there is no
duty on the part of a CEO to disclose what you say he should have disclosed, either before or after becoming CEO..............he may have had the duty to disclose that to the BOD prior to being hired; or, after hired if the relationship did not develop until then.......One must assume that the BOD knew at an appropriate time..................Even if he did not disclose to the BOD, they can overlook that or fire him, but it is their decision........................so, send your letter........the SEC staff needs a good laugh........

If a tree falls in the woods and no one is there to listen, does it make a sound?

Well............after reading the exhibits.......Nas does not have any more "value" or voting power by the exchange of common for preferred as is clear from the docs...................he has not purchased shares that other persons who are not "insiders" might have purchased or sold..........he did get the warrants...........warrants and options are routinely given to management without violating SEC Act 1934.
I did note that the exchange will happen at a "closing" and that date was not set in the docs that I notices......so, to happen sometime, but not a definite time........
Also, there is a provision re: what happens in the event of a merger, etc.......the language is boiler plate, but did make me "perk up" a little...........

It seems to me that the company and Das could decide not to do this just as quickly as they decided to do it.........

Query: Is there a deal that is very close to being put to paper and this is a showing to the other party (ies_ that the shares will be there when they need to be there.....??

Really think the "market" will view this with optimism.....time will tell.......if you are holding long it makes little difference what happens on any given day, of course......news of approvals is what this share price needs....

Worry about the p/share 6 months from now.....not tomorrow.............we know what was done....we can only speculate why it was done........it freed up a lot of common.......there are several reasons that we can all speculate about as to why that was done......most of them are "positive" IMO...........the fundamental question apart from all of the BS that prevails on this board, is "why is it in the best interest of the company and the shareholders for this to occur"?.........the freed up shares could be used in any number of partnership/merger/acquisition scenarios..........we shall see........

Gman24.....your explanation makes most sense to me...........shares freed up to avoid dilution of common............we shall see how they are used.......merger or partnership(s) make most sense......