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Timing seems perfect for Elite. It appears that the tide has turned for shareholders as the company rises like a Phoenix. Any reasonable dip should be viewed as a good buying opportunity.
I'm looking for continued up volume purchases as MMs scurry to handle the flow.
Both Oxycontin and Concerta are Schedule II drugs with a quota assigned by the DEA. Considering the recent success Kirkov and Nasrat have achieved with Adderall, it is reasonable to assume that the quota may start off at a modest 2-5% and then increase as the company shows it is a reliable manufacturer and distributor of the products.
If either of these 2 future needle movers are approved, a 1$ Nasdaq qualifying price is not out of the question.
I was using your time table but since no one knows, as you now say, I'll take it with a grain of salt. Tha next conference call is 75 days away. I'll wait to ask NH when stock is much higher then today.
When considering whether to take some off the table, I think that with a few significant announcements due within 90 days, it would be premature at this time.
Stock looks cheap here and it is apparent new eyes are watching and participating.
Congratulations. On 1/15/19, you posted that your goal was.095. Glad holing for 4.5 years worked out for you. Best wishs in your future endeavors.
August 16 8K shows the deal is dead. I would not be surprised if someone wasn't prosecuted for this scam. Sorry for all the innocent shareholders who believed in this company.
Mikah assumed the research and development role during a period of economic uncertainty when Lannett withdrew from its distribution contract fort Adderall. Likewise, as he well knows, the Adderall purchase was deferred until the company could assess the success of self distribution as discussed on the conference call.
Mikah's share is currently 25% of the Adderall profits.
Up until now, elite was basically a one trick pony which remained undervalued as the market awaited the positive or negative results after Lannett withdrew to sell their own Adderall. Luckily the choice of hiring Kirkov for that division has apparently turned out well as reported for the 1st quarter.
The filing of the next ANDA for either Vyvanse or Concerta will raise Elite into a higher class of generic manufacturers. That will make the competitors take the threat of competition more seriously. Solution: Make us an offer we can't refuse.
Thanks for timelines. Stock still undervalued but not for long.
I don't see afterhour trades. Are you sure you are correct?
What was the price the day Nasrat became CEO?
Hey King. Good call. When is your best guesstimate of the announcement of the filing of Oxycontin. What is your best estimate of the PDUFA date. TIA
Since short selling is allegedly not permitted for non marginal stocks, inscrupulous market makers can go long or short under the guise of keeping an orderly market.
I believe that elite has been manipulated by unscrupulous market makers with Citadel being an All Star in that department. Nwbo currently has a pending case which may be favorably resolved, hopefully, later this year.
As The King has noted,some big houses do not permit purchases of otc, bulletin board, stocks which has helped nefarious MMs ply their trade.
When Eltp gets on Nasdaq the stock price should achieve fair value based on excellent fundamentals and future growth with Needle Changer ANDA approvals.
Who knows, a future acquirer may even be interested in Sequest.
Fundamentals will overcome MM manipulation here as the company moves toward satisfying the criteria to get off otc, bulletin board, and list on Nasdaq.
Stock is obviously under accumulation.
Thanks for the 2016 update to make your point. Lot's to unpack as usual.
By the time their exclusivity ends in Late Feb 2024, Elite may be only a few months from approval of its version. Timing looks good.
Stock is trading at more than double its 50 day moving average (.041) and well above the 200 day MA (.035) on high volume. Any shares purchased within the past 3 years are profitable.
Amazing that there are still complainers here.
You can't help yourself. Please take that literally and figuratively.
Using technical analysis to refute technical analysis. Classic post.
Nobody goes yo the restaurant anymore since it's too crowded. RIP. Yoggi Berra
Russia offered the rocket ride and it's now on the moon.
We had a very good day.
Schwab took over Td ameritrade but accounts are being switched over a period of time. I have been notified switch will be done at a future date.
You don't know what others think about adt. The fda additional requirements made the tests too costly.
The additional funds that will be available from an increasing revenue stream may permit elite or its acquirer to do the final tests
Lol. No one believes you. Up 2 cents or 80k on 4 million shares. 🤔 jammy buffett.40% roi?
Google definition of moderator.
Mikah has 25% of net profit from Adderall. Buyout should occur this quarter as NH realizes it looks like a conflict. I wonder if they will publish buyout price since Mikah is private.
You still feel the BOD should resign In BOLD Caps. Exactly 1 month ago.
Much better but comment of share " repurchase " discussion" does not merit top billing or belong on top.
Moderators are supposed to be neutral. Not Advocates or Opponents.
We are giving you a Mullinagain. When we need your opinion we will ask for it. So tee off and stay off. Don't need any facha de morte as party just starting here.
Respectfully Jamster, nobody will miss your posts and self serving pleas to sell the company and blame of the ceo for a poor stock price.
You may have noticed your analysis and rants rarely if ever get a like.
More then one time you have proclaimed you sold which belies you incredible claim of a huge position.
Many here hope for 15 cents thinking you will sell. Fool me once, shame on me.
A few years ago, before the demise of Sequest, there was an article in Seeking Alpha which I believe may have been penned by the late great no2k.
Wit the positive momentum, and expectations of future growth, buttressed by new products and being a major Adderall distributor and authentic generic manufacturer starting in January, I would not be surprised to see a positive article in financial publication such as SA. or Barrons
Everyone tries to get in on the act.
Were having a very good day. Enjoy the weekend all. Maybe delayed open on Monday.
And "Good Night , Mrs Calabash , wherever you are!"
Never count your money while sitting at the table. Didn't you vow that if you got even. you would sell. Your cheatin heart will tell on you.
right in the middle with you. Block put up on the offer. We we see how serious the buyer is.
But wait. No Nasdaq no rise in pps especially if you adjust for inflation.
Looks like a good fit for Prasco/Buel.
Fair buy out price is 500 million or .50 cents a share. A seven bagger from here. It will move quickly when the Jammy sells and loses his whammy.
Highest volume day today. Previous was 2.4 m in July.
You've been doing s lot of shoveling and coal smells better than the other stuff. Who thought the POS Express could run on coal.
Amazing what a 75% increase a value in a week will do for some people's mood. Cue Glenn Miller.
Were having a very nice day!