Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.
Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.
New to this board. Just bought in at $0.0049. Looking for a nice ride with $APYP!
I seldom post, but your analysis was a voice of reason. It was well thought out and presented. I agree 100%. Regardless if a "bad news" post is due Thu at 6:00 AM, Fri at 6:00 AM or Fri after market close, the point is that if by 6:00 PM Fri no "bad news" post has been issued, we are in the clear and should enjoy a very nice price rise when the good news eventually does come out.
After 14 years, I have no choice but to wait it out too.
GLTA!
Traber is an indispensable asset in his own eyes and in those of his buddies whom he's enriched, but he's done nothing to enhance shareholder value (unless you consider dropping the share price from over $19 to $1 as enhancing shareholder value). So, my answer is NO!
Imagine the cash bonuses management will vote themselves if anything ever does get approved! Enriching themselves at the expense of the shareholders is Traber's game and if something good happens well, so much the better, but management is grabbing what they can while there is still cash in the bank. He's counting on the richer investors to keep finding his personal pot of gold so as not to lose the fortunes they've already committed, and so far it's working.
At another company I'm invested in the CEO takes all of his compensation in stock at current prices, no options at a discount. He's also invested millions of his own money buying stock in the market. He believes in the future of the company's products, which are in FDA trials and review. I've been a GALT shareholder (and all of its predecessors) since 2003 (yes, I know, a gluten for punishment), and I've never seen that kind of commitment from any GALT management team. And this one is the worst. A change is due!
Good luck to all shareholders, especially the tired ones like me.
Amen, brother! As a former sufferer of severe back pain resulting from a bad auto accident 45 years ago, my life would have been unbearable without powerful pain killers (prescribed morphine in my case) after the accident. In fact, that kind of pain left untreated definitely could cause a person to become suicidal. I'm talking screaming pain. There was no way to sit, lay, stand, whatever, that gave any kind of relief.
If my back hadn't healed to a bearable pain level, I would have had to be put on powerful pain meds for life. At least I would have had a life. No one could have lived with the kind of pain I experienced, and I'm the kind of person who hates to take an aspirin and won't take pain blockers at the dentist. I have a high tolerance to pain, but I have total empathy for anyone in severe pain who requires pain meds in order to live a somewhat normal life.
July 14 is my birthday, too. It'll be hot here in AZ, but not as hot as Elite's share price come that glorious day. If the FDA approves the NDA before Bastille Day, I won't complain one bit. After holding our position for five years, I'm looking forward to reaping a fantastic reward over the next two years.
GLTA!
Great post, Couch. Telling it like it is! I've never seen a penny stock that has so much real revenue, huge pipeline, and a portfolio of patients for proprietary in-demand technology. The pps should be in the dollars, not in the pennies. Soon it will be.
Welcome home, Aqua! Hope you had the trip of a lifetime (at least your lifetime up until now . Soon Elite will give all of us longs the trip of a lifetime. I can't wait! It won't be long until we're all be flying over to Hawaii for a little "beach time" thanks to Elite profits.
Hey Aqua,
Enjoy your European trip. Don't worry about Elite. The story just keeps getting better and better. You'll make money every day you are away so treat yourself well and create life memories. We'll see you in a month when Elite is well into their phase 3 study and the stock price is in the 30s.
Don't worry, be happy!
Hank
Congratulations Richme on your 46th wedding anniversary and your upcoming 75th birthday. My wife and I celebrated our 50th wedding anniversary last November. Not many of us make it this far so consider yourself part of an "elite" (pardon the implied reference) group
In April of this year I'll be celebrating my 4th anniversary as an Elite shareholder. In 18-24 months I'll be celebrating my multi-million dollar profit
Nice volume today . Zero shares for a stock that's not suspended would be a first for any stock I've ever owned (although there's still 10 minutes left in the trading day so maybe some shares will trade hands).
There hasn't been a positive sign of any kind from any source about Medient for the last month or more, which is a very negative sign in and of itself. And the silence from management for the last 7 months has been deafening.
I fear Medient is history. Only a miracle will save it (like the management team funding Medient out of their own pocket). Assuming no miracle occurs, we'll have to figure out how to get rid of our shares so we can claim the loss. That might be a real challenge.
Hi Aqua,
I've been absent from this board for quite awhile. I've been reading it, but had nothing to contribute as the last 6 months or so have been pretty much a rehash of the same ol', same ol'. Now, however, I feel we are on the cusp of not only significant news, but a significant rise on the stock price, so I might throw in a few posts here and there. I just hope that this time the rise in price is more gradual so there is no gap to fill.
By the way, congratulations on your marathon runs. As a former marathoner myself (many years ago), I know what dedication it takes and the satisfaction you get from completing one (although you are a winner just stepping up to the line, even if you don't quite make it to the finish). Three years ago I completed two half marathons after a 30-year absence from when I ran full marathons. Unfortunately, I came up with a heart condition two years ago and now only do daily 2 1/2 mile walk/runs.
I don't have the stamina anymore for long-distance running, but I do have the stamina for watching the stock price of Elite get into the multiple dollars
Looking forward to seeing Elite go the distance!
Regards,
Hank
I did sell 43,000 share from my Ameritrade account at .97 March 5, 2014. I was trying to sell 50,000 shares, but only got filled on 43,000 (and I have the five partial fill statements to prove it). However, these 43,000 shares represented just a very small portion of my total holdings. I was just trying to "take a little off the table" during a parabolic rise that I knew could not last and I got lucky to hit the high. I also sold some on the way down, but over the last 10 months I've bought back all that I sold and more.
My belief in Elite is as strong as any stock I've ever owned in my many decades in the stock market. How can you not align yourself with a strong pharmaceutical CEO like Nasrat who has more shares than all of us combined, many times more. You know his efforts and values are focused on developing an exceptional company whose stock price will follow as the word gets out.
I see Elite moving to a more prominent stock exchange within 18 months and I also see the stock price moving into the $3.00-$5.00 range in that same time period, possibly (a lot) higher.
Hi conix, I always enjoy your posts and now the opportunity to clarify any misunderstandings.
I never said that Elite and Medient were identical (apples to apples), but rather similar (both fruit), situations. In September, 2011, the FDA banned over 600 non-prescription drugs, including the only two products Elite sold. So, at that point, Elite had no revenues, no products, and plenty of debt. Elite floundered for two years until they hired a new, highly qualified, CEO who almost immediately turned their fortunes around.
Medient, on the other hand, has revenues from existing films, has new films to release and has others scheduled for production along with debt. So, similar situations, but it might be argued that Medient is in better shape now than Elite was after September, 2011. However, since issuing stock, Medient has more than floundered under Manu. Its been a disaster and as we all know, the dilution has been atrocious!
However, we now have new, hopefully capable, management and the only point I was trying to make is that I've been in a similar situation that was successfully turned around when new, qualified, management took over so there is hope for Medient. It will take time and they may fail, but right now I feel better about the company than at any time since about a week after I first owned the stock and understood what a mess the company was in.
As for the $1.00 price prediction, I never said that (although others may have). My prediction for year-end (see my previous post), using pre-reverse split pricing, was 4- to 6-cents.
I hope this helps to clarify what I was trying to say.
I "know" Drugdoctor from the other board that covers the stock I talked about. I have a lot of respect for his opinions. I don't think he's really bashing, just raising valid questions. This week's events were unanticipated by everyone and everyone is now very excited. We have to temper our enthusiasm until we hear more concrete plans. Yes, I too am cautiously excited, and I did buy more Friday, but I will hold off increasing my position from here until I have more information from management. Trust, but verify
Thank you for your reply. I just wanted to clarify one point. The $1.00 by year end is my projection for the stock in my (true) story, not for MDNT. I don't know where MDNT will be at year-end (it's too early after the announcement to make an informed projection), but my gut says it will be in the $0.04-$0.06 range pre-reverse split price. That's a 20-30 fold price increase from where we are now. Of course, this is just my opinion and should not be taken as fact.
Great things DO happen. I had a penny stock I accumulated between 2011 - 2013 for between $0.05 and $0.17. It went as high as $0.27 then disaster struck (a long story) and it dropped to $0.04. After two years of futility a new CEO took over last year and my 600,000 shares ran from $0.11 in January to $0.97 by March 5 of this year. I did sell some in the $0.90s, but got greedy and kept most of my position. Now it's in the mid $0.30s after falling all the way to $0.26 (the gap is always filled after a parabolic rise). The good news it that the very competent CEO has tens of millions of shares, about 11m bought with his own money before he became CEO, and he has not sold a single share, so he definitely is vested in promoting shareholder value. I project the price will be $1.00 again by year-end.
I see a similar situation with MDNT after this week's announcement and I added to my already 2,000,000 position on Friday. It may take 2-3 years to see the "big bucks," but the rewards can be beyond your wildest dreams. Just don't get too greedy and do take some profits on the way up, especially if it's a parabolic rise.
Good luck to us!
My first buys were in June, 2003, (which was three stock symbols ago) for $2.60 and I kept buying through September, 2003, for as high as $5.70. Remember, this was years BEFORE the 1-6 reverse split, so my September buys were for the equivalent of over $34/share at today's prices (but my fairly large position is actually profitable as of now)
I am intimately familiar with GALT in all of it's iterations and various management teams. After I listening to this year's annual meeting and also to this week's presentation I have to say at no time in the 13 years I've held GALT have I been more excited about it. I have a friend who is a nurse practitioner and he believes GALT will be a huge winner.
I had the pleasure of spending a few hours with Jim Czirr, the company's co-founder, about 7 years ago and know his commitment to GALT to the tune of many millions of dollars of his own money. He has the resources to ensure that GALT will not fail due to financial reasons.
I may have been stupid to hold GALT this long (it was as low as 30-cents, adjusted for the reverse split, in October, 2008), but know that in the next 2-3 years this could easily be a $100 stock, so I feel the wait will have been worth it.
Any other very long-term holders of GALT out there?
I haven't posted for a while as I've had no new due diligence on ELTP to share. I do try to read a few hundred posts every day though and I am delighted with your personal observations from the annual meeting, BSS. It just shows once again how fortunate we are to have a great CEO like NH running the company. Thanks for sharing.
And don't forget folks, even though the share price is down a little over 50% from the 52-week high, it's also up 6-fold from the 52-week low. I'll take that kind of return any day.
So, don't worry. Be happy!
I agree. Averaging up is a great strategy. Once you have proof that you have a winner, adding on the way up makes a lot more sense than investing in an unknown prospect. I feel MDNT has proven itself and I intend to add big time next week. MDNT is a proven winner, IMO.
This is my first post on this board. I've been following MDNT for a few weeks and accumulated a half million shares at around $0.01. I intend to add another half million next week. This is the best opportunity I've seen since ELTP. It's a real business with great management and exciting projects, unlike most penny stocks. I agree that we should see $0.09 or higher in the next few weeks. Dollars are a year or two away, but definitely realistic. I'm all in for the long-term.
I have to agree with you. We are in great shape for a run to a multiple dollar PPS over time. Whenever a stock has a parabolic rise, it's bound to drop like an elevator with a broken cable once the news is out. Maybe we all should have sold in the 90s the day of the PR, but the fact is we are all still here and we will eventually all be very pleased (i.e., rich) due to our faith in Mr. Hakim, whose objectives for this wonderful stock are definitely aligned with ours.
Go ELTP!
Hank
"Don't worry, be happy"
I haven't posted in a while, but I have to agree with Aqua and others like Couch who have done their due diligence and looking at the strong fundamentals. Sure I wish I had sold all of my shares at $0.97 (I did sell 43,000 shares there, but that was a drop in the bucket of my total position) and wish I had bought back at $0.38 (instead of $0.517), but it is unrealistic to hit the highs (I got very lucky) and the lows (still pretty lucky).
To all who did sell in the 80s and 90s and bought back in the 40s and 30s, congratulations! You are a better trader than I am. But I still have a very large position in ELTP and intend to hold for the $4.00-$5.00 area, and will probably keep a 250,000 share "core position" to ride this puppy out, which could eventually be in the double digits, or a buy out, whichever comes first.
Blessings and high ELTP PPS to all,
Hank
Don't worry, be happy
Unlike some, your comments always seemed to be in good taste, sincere concerns. There is no need to apologize. We absolutely faced challenging times with ELTP. I've been a shareholder since April, 2011. Anyone who has been here that long knows the frustrations we faced, quarter after quarter!
But Nasrat Hakim appears to be the right CEO at the right time and all of us long-suffering longs are blessed because of his fortuitous hiring. We have Jerry Treppel to thank for that. He stepped aside for someone who was obviously a better fit for the job of CEO and for that I am forever grateful to Mr. Treppel. We knew we had a great company, but management just couldn't seem to "get over the hump," until now.
Between Mr. Hakim and Mr. Treppel, we have a winning team and I look forward to a $7.00 stock price in the next two years.
Everyone have a great weekend!
Don't' worry, be happy!
God bless you, RichMe (oops, did I get your name wrong? Well, if you are holding ELTP long, you'll just have to change your handle). My lovely wife and I will celebrate our 50th wedding anniversary this year in November. For putting up with me all these years, and thanks to ELTP, she can have anything she wants as a "thank you darling" for our 50th. Time sure flies, and time is precious now that we are on the downhill side of our lives, but it's been a good, no make that GREAT, life so I have no complaints.
Don't worry, be happy!
Good for you, Aqua, running the LA Marathon. I ran it back in 1987 (yikes! Am I getting old or what?). I'd previously run the Fiesta Bowl Marathon in AZ in 3.5 hours. I "assumed" the LA Marathon, being run in the city, was fairly flat and never bothered to look at the course. Well, it turned out that the first half was, for the most part, up hill (I have no idea what the course is like this year). By mile 21 I was gassed and, for the first time ever in a race, I had to walk about a half mile before I could complete the course running. That was my slowest marathon ever at around 4.5 hours.
Now that ELTP has allowed me to be financially free, I plan to get back into marathoning. I ran two half marathons in 2012, but am terribly out of shape now (for me, anyhow), so it'll take a while, but maybe someday I'll join you for a marathon in Hawaii (but you can run ahead of me since I'm fairly slow now).
Don't worry, be happy!
Hey Aqua,
I've held (and added) ELTP since April 2011. Now we're getting our reward for our tenacity. Yes, it did take a new CEO to bring forth ELTP's true value, but whether dumb luck or brilliance, I'll take the money and add it to our legacy for our children, our grand children and our great grandchildren.
I'm glad for today's sell-off. Let's shake out the weak hands in preparation for the next monster run-up. We've made a heck of a comeback so far. I wouldn't be surprised if we ended up even a little positive for the day. ELTP is my best investment ever!
Don't worry about intraday fluctuations. This stock will easily get to $3-$4, and most likely $7. So, everyone,
Don't Worry, Be Happy!
I'm in for at least two, maybe 4, of the mugs that made me a millionaire .
Don't worry, be happy!
Hey Couch, thanks for all your DD. I stuck around for 3 years when things didn't look good because of folks like you and Tangerine and Lasers and a few others. Now I'm close to being a ELTP millionaire. You folks rock! "Dr Low" can post all the "that's nice" and "I don't care" messages he wants, but we know the truth, so don't listen to his BS. Just keep whatever ELTP position allows you to sleep well at night and you'll be OK.
In other words, don't worry, be happy!
I've been with Scottrade for more years than I can remember. However, the only downside to Scottrade is that they charge outrageous commissions for penny stocks (anything under $1.00). I was trying to buy 50,000 shares of ELTP for my wife's IRA and the estimated commissions were almost $100!
I am moving our accounts to Schwab. They charge $8.95 for up to 1,000,000 shares of a penny stock AND you can set stops on penny stocks, something you can't do with most other brokerage houses (that I know of).
I talked to E-Trade and they won't let you transfer in penny stocks.
I had an issue with TDAmeritrade trying to transfer my IRA to them about 4 years ago. They said they couldn't determine the purchase dates of another penny stock I had. It's an IRA so who cares? Anyway, I'm not transferring my IRA account to them.
I don't know about Fidelity. I had an issue with them many years ago and still hold a grudge, so I didn't even ask them any questions.
My account was up well into the 6-figures today thanks to ELTP. I know some of you have 5 and 6 times the number of shares I have, so I assume you were up almost $1m today. Congratulations! I'm envious, but not jealous. You were true believers when I was not sure and you deserve whatever you made. Bless you for your confidence.
Bottom line, don't worry, be happy!
First, if you had a million shares at $4 and there was a 1-for-10 (not a 10-for-1 split or you'd have 10,000,000 shares) R/S, the price of each share would be $40, not $4. The R/S does not change the value of what you have, but the reasons for a R/S might cause shareholders to sell, thus dropping the price, and that is often the case.
Second, I certainly don't want anyone to not express their opinion, but MY OPINION is that if it really bothers someone that much that it's stressful, that person should sell and move on to something that they will be happier with.
Given all the money I've made with ELTP this year, my new mantra is "don't worry, be happy" with the tremendous gains and potential we have with ELTP and don't sweat the small stuff.
I don't understand all the concern over a R/S. Yes, most of the time they don't work out, I'll agree to that point. But it's usually because when a company does a R/S it is desperate and is trying to keep their stock price up so they don't get delisted from whichever exchange they are on.
However, that's not the case with ETLP. Our CEO probably has more shares than all of us on this board put together, and I suspect he knows what he's doing. If he can loan the company $10m of his OWN money, and I'll assume he didn't give us all his money, he must have done something right during his career.
Do any of you really think he's going to do something that would damage the company and his (massive) stock holdings? I doubt very much this is the case, so don't be concerned about a R/S. And if it does happen, I'm confident it'll be the correct decision at the time.
If you are really concerned, then please sell your shares and go elsewhere. This one subject seems to have dominated this board more than any other over the last year. We've had so much great news recently and such a great rise in share price that we should all be cheering the decisions our CEO makes, not focusing negatively on a hypothetical situation that may or may not happen.
As for me, I don't worry. I be happy
I think he meant "here, in the US, in SLC". There are no large pharmaceutical companies in SLC that I know of.
Hey Aqua, be sure to let us know if the guidance blows your socks, or whatever, off (do you even wear socks?)
A VERY exciting day! 25 minutes to the most anticipated call of the year. Get those dialing fingers warmed up.
The volume is decent, but one "problem" could be that there are a lot of longs that are holding huge amounts of ELTP and they are not selling. IB one of them.
We almost bought a home in Wickenburg, but ended up in Cottonwood instead.
One of our best current trades, second only to ELTP, is a biotech stock that did a reverse split in 2012. It was a 1-6 RS, making a $1.00 stock a $6.00 stock. Then, as frequently happens with reverse splits, especially when the company is somewhat desperate (not operating from strength like ELTP), the price fell to $1.60 last year.
But, guess what? They got a new CEO who really knows what he's doing and is well connected in the drug industry (sound familiar) and the stock is now trading in the $15-$18 range. It was a 10-bagger from the 52-week low of $1.60, but unfortunately our average price per share is quite high so, although we have a nice 5-figure profit, it's not even a double for us yet (we bought years ago at high prices, averaged down, and held way too long, but it is now finally paying off as dumb luck sometimes overcomes stupidity).
Tuesday can't come fast enough for me. I think this will be an exciting conference call. ELTP is even hotter than today's weather, which is very pleasant indeed!
I'll meet you in Kingman or Bullhead City and we can car pool to Vegas (I'm in north central AZ and will be coming down I-40). I'll even buy the first round with the proceeds from other stocks I'll sell to finance the trip because I'm not parting with a single share of ELTP until it's up multiple dollars. Even then I'll only sell a little bit here and there.
It's always wise to take a little off the table in the event of some unforeseen negative announcement (it happens - think Enron and MCI WorldCom, plus dozens of other "can't fail" businesses like the big banks in 2008 and even GE, which would have gone under had it not been bailed out).
I had a 10-bagger back in 2005-2006 and it made for a happy retirement, but I truly believe ELTP will be a lot bigger winner than that. Based on my average price per share, I'm thinking a 25-50 bagger will be an easy reach in the next 2-3 years and a 75- or even a 100-bagger is not out of the question over the next 3-5 years.
I am excited to hear the conference call. Monday will be a long day with the markets closed and Tuesday will be loaded with anticipation. It sure is fun when your favorite stock goes on a run like this. No matter how much money Nasrat Hakim ends up making from his ELTP stock, he's worth it! And the more he makes, the more we makes. Sounds like a win-win for all of us.
Have a great weekend, everyone! Hank
It's not harder to make money on a $3.00 stock than a $0.30 stock. Normally a stock is priced at $0.30 for good reason, and ELTP had good reasons to be priced this low. But now it is moving strongly in the right direction for all the reasons previously discussed on this board.
However, it can only get up-listed to a better exchange if it maintains a price over $1.00 for some period of time and can only get the attention from fund managers if it's priced over $5.00/share.
Just think what the exposure of a NASDAQ listing could do to the price! And once it hits $5.00 the big funds can jump in and we're on a rocket ship ride to the moon and beyond.
I do think we can make the dollar range this year without a RS if the earnings release this week is good and continues to be good the rest of the year. However, getting to $5.00 will take a long time. Maybe once we are above a dollar and can get listed on a better exchange, a 1:5 reverse split would be beneficial. But I'll leave it up to the very capable management we have to make those decisions. I trust them until given a reason not to.
Reveres splits do not affect anything, other than the fact that in many cases they are done by desperate companies trying to maintain a higher-looking stock price in order to avoid getting delisted from the exchange they re currently on.
In ELTP's case, a reason they might do a reverse split is that they want a higher stock price so they can get listed on a higher exchange (which would tend to increase, maybe dramatically, the number of people wanting to but it). However, the percentage of the company you own does not change and, generally, the stock's price tends to fluctuate proportionately to the price of the shares. That is, if the buying pressure is there to lift ELTP from 30-cents to 40-cents, if ELTP did a 1:10 reserve split the same buying pressure would lift it from $3.00 TO $4.00.
If I have a 12" pizza to share with 4 people and we all chip in to buy it, I can cut it into 4 pieces, 8 pieces, or maybe 16 tiny pieces, but it's still a 12" pizza. We each own 25% of it. I still own the same amount regardless if it's 1 piece, 2 pieces or 4 pieces. If the pizza costs $16, then my 25% is worth $4. If I only have 1 piece, then it's worth $4. If I have 2 pieces, then each piece is worth $2. If I have 4 pieces, then each piece is worth $1, but my total value is still $4.
Don't let talk about a reverse split, which is not likely to happen anytime soon, scare you. And even if one is announced, still don't let it scare you. In ELTP's case, it would probably be a very good move.
I have to agree that it doesn't make sense that some posters are concerned, even upset, that Mr. Hakim is going to get very rich indeed off his ELTP shares. That's what we should all WANT to happen because the richer he gets, THE RICHER WE GET!.
Do any of you think it's just a coincidence that since he took over as CEO very good things have been happening with the company and the share price? We are all up 300% since he took over. We should be cheering his success, not criticizing it.
And the fact that he took stock in lieu of cash money just shows (1) how smart he is, (2) how confident he was in not only his own skills, but also in the company, and (3) that he felt is was important to keep shareholders on board by aligning his future financial success along with ours.
Please, Mr. Hakim, get very, very rich so we, the company's co-owners, can share your success.