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.
What kind of deal do they have with IPCI? I'm naturally very familiar with the HITK deal because it was so recent, but I'm not familiar with the IPCI relationship. I agree that the 20/15 earnings announcement should prove to be intersting.
I'm lookingh forward to the day when positive EBITA is achieved. If we can get revenues up high enough to produce a 2M annual profit, that would put us at about .02 EPS at the current 98M O/S structure. Using a conservative P/E estimate of 10X this would value the stock at .20 cents per share. Normally the pps on a drug discovery company is much higher than that because of the potential earnings that can occur in the future from what is in their pipeline. If you look at the current EPS of other drug discovery comapanies, say for example ANX, their EPS is at -1.99 as opposed to ELTP's -11. ANX's market cap is at 59M versus ELTP's 5M. ANX 530 which is currently an accepted NDA awaiting approval by the FDA has a market possibility of only 200M. I don't think that there is any comparison here. The fact that ELTP is currently enjoyng decent revenue from their Lodrane products coupled with other products that are alredy approved by the FDA tarting production, and a pretty decent pipeline sitting out there, I think this baby is a diamond in the rough. A.25 pps would not be unreasonable to see in the next few months and $1 could be achieved in a couple of years if all of the stars align for us. I also think that a buyout would not be out of the question in the short term because of their platform and their pipeline. A larger company, maybe even Hi Tech might consider that since evrything is already in place.
Looking forward. Have a great weekend.
I think that the retail investors and day traders who thought that they were going to get rich quick and bought on the spike got impatatient and sold at a loss so they could move on and try to make some quick cash elsewhere. ELTP is a long term play in my eyes. They are doing all the right things to partner with other drug companies to levearge their delivery method. These partnerships should increase revenues over a period of time which should have a positve effect on their bottom line which will in turn have a positive effect on the pps.I'm sure that you will see spikes like this last one in the future when additional pr's are put out but I believe that over the long haul that the pps will steadily increase as their revenues increase. I own a pretty large position on this one and am currently at a loss of 11% but I think that the selling pressure caused by the retail buyers and the day traders getting out has pretty much subsided by now and we should see a slow and steady increase in the pps as the revenues come in. There is pretty strong support at the current pps so I feel confident that my investment is safe. GLTA longs.
Be patient is my advice. This company only puts out pr's when they have something material to talk about. This is not one of those fluff type pump and dump stocks that the day traders like to play. Elite has products on the market right now that are generating good revenues. These revenues are on the rise and should only get better as time goes on. The deal that they struck with Hi-Tech will also generate revenue for the work that Elite is performing with ceratin milestones and royalty payments. They have 3 more drugs sitting at the FDA as we speak awaiting approval. This is a real comapny that should begin making some real earnings, maybe as early as this year. I don't see any future dilluting that I am worried about because they don't need any money to survive since they are living off of their revenues. I think it could dip a little here and there but I think it will rise slowly over time. I threw $25,000 at it, that is how optimistic that I am. I think that when all is said and done, we could be at .10 cents after earnings are released on Feb 14th, .25 cents by second quarter if the economy continues to repair it self and we have a posotive pr or two, and if all goes well, we could be at .50 cents in a year or so. I'm going to keep an eye on it every day, but I'm not going to become frustrated with every tick up or down. My suggestion is to hold for the long haul but always do your own DD. Good Luck.
Actually, the 8K really has no bearing on the pps at it's current level. The warrants were already figured into the current price because it's old news. If the 1M payment doesn't go through, the warrants are eliminated and that would have a positive impact on the pps. They made this deal some time agao and are now in a much better position and probably wouldn't want to make a deal like that right now. Good try though.
Tick, Tick, Tick, Tick, KABOOOOOOOOOM!!!
Someone slap the ask for a few shares. I would but I'm out of cash.
Wound tight as a spring. Nobody is budging. The sellers a re all gone and we are just waitng for the next pr. Regardless of how the dispute with EPIC turns out, it will be a win, win. If they get the 1M, it's a win, or if they walk away it's a win.
Is it halted? I can't get my buy order filled.
I'm trying to buy some at the ask but my order won't fill. Taking a long time.
I don't know about the volume being so light today, but I think we are definaely going to rise today.
ELTP short squeeze in the making this morning. This could fly big time today. Check it out!
ELTP looks like a short squeeze could happen this morning.Check it out!
ELTP short squeeze play could be in the works this morning. Better check it out
A positive pr about earnings updates or FDA approval today could send this flying.
ETMM now bidding .049. Here we go! Raise your ask price.
Bid is on the rise already. ETMM who was the shorty is now on the bid at .048. We could have our short squeeze play today that we have been looking for. Should be a very interesting day.
If it doesn't proceed, we will probably see an automatic 40% jump in the pps since the warrants were already figured into the current pps. That would be pretty sweet! ELTP doesn't need the money now that they are generating such good revenues. This would be pretty sweet.
Let's get ready for a green day today. ELTP rocks!
Looks like someone needed to cash in some margin call money.
Yesterday, when the ask ws .05 and the bid was .045, I put in an order for 20,000 at .05 and it didn't show up on L2. The starnge thing is, that I got the shares for .049 which was lower than the ask. Hmmmmmmmmmmmmmmmmm.
I think you made a smart move. I added ove 400,000 shares yesterday bringing me over 1m shares.
Warren Buffet says that the stock market is patient investors making money off of the impatient invetors. I for one, will be very patient on this one.
Agree. Wish I had some more cashola. I'd pick up a few more that that it has stabilized.
By the way, someone posted on another board that if you set a high sell price that the shorts can't borrow your shares to play their games. I set a sell order today for $1 for all of my shares so if that is the case they can't use mine against me. Does anyone with more knowledge about that than me know if that's true or not? If so, everyone should put in a sell order for $1 right now.
Looks like she's wanting to climb today. All the nervous retail buyers are out now and moved on to something else. The day traders and flippers know that they can't make any money here today either, so they have moved on. Let's have a close of at least .055 today.
Look at it as an opportunity to add to your position. You know good and well that it's the MM's playing with it right now. This stock could be at $1 within two or three years. Is was at $1.55 just three years ago before the economy tanked and just look at all the good things that are going on right now.
Does anyone know how to calculate what the pps should be at the current O/S if the comapny has positive EBITA of 2M this year? I really never knew how that was calculated.
I will be a very wealthy man if that is the case.
Nice and steady climb over the next 30 days to .08. Then let's have some good pr.
Them .05's were very thin...
God only knows. You know that they travel at their own pace at the FDA. Hopefully sooner than later.
.051's were only 20,000 deep.
Slow and steady here. This is a good sign that the selling may be over. Now we wait for some nice pr's the put this back where it should be.
When FDA approves the next drug, this thing is going to go flying. It would be nice to see this creep back up to .065 prior to any announcements being made. It would be a lot more fun to have a 100% increase over .065 than it would at .05.
CEO Treppel bought 500,000 shares direct in July with his own money. I don't think that he would have done this if he didn't believe that his company was going places. Any time that you see management buying their own shares tells me that they know something good is on the horizon.
Real companies with real products and real growing revenues don't need to put out fluff pr's to attempt to drive the pps up. The facts are the facts. They now have three great partnerships under their belt and pending FDA approvals on the horizon. Revenues and earnings will all speak for themselves. I think that Jerry Treppel is taking this company to some great places and I believe he is confident that the 500,000 shares that he bought at .07 will end up being a good investment for him. Let's look back two years from now and see who was right on this management team.
I was able to pick up 465,000 shares yesterday when the bear raid hit. I'm sitting on a very nice position on ELTP now and have a lot of confidence that I made a very good buy for both the short and long run. Ther are several upcoming events that can make this a real game changer with upcoming FDA approvals and earnings reports that will more than likely be getting better every quarter. After all, earnings is what it is all about. The annual sales are almost equal to the current market cap and how often do you get an opportunity to buy a stock at that pps in relation to it's annual sales. If we get more fda approvals, this could also be a good buyout candidate. Who knows, Hi-Tech may see an opportunity here for them. They are very familiar with Elite's operation and the have the ability to handle a purchase like this. With some good news releases, this could also send the shorts scrambling to cover their position. It will be very interesting to look back on this one a year from now to see how it all plays out. Good luck to my fellow longs on this one.
Do the math! 3.3 Million in annual revenue from drug manufacturing and royalties and a market cap of only 4.6m. Doesn't take a rocket scientist to figure this one out, does it?
Sales are on the rise and will only get better as new products come on. Soon, there will be earnings and the we will be talking about the p/e ratio as opposed to this being just another speculative stock.