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Financing issues here? I think I mentioned that about 6 month ago in one of my messages here. I got chased away with a commend like " who are you to talk about this company and claim to know anything about this company" Well, I saw some warning signs overall here. It takes money to complete Phase 3 trials. Lots of money. More money than some companies can afford. Toxic financing is then the last option for companies who can't afford or get traditional financing.
Phase 2 is not that bad but when it comes to phase 3 that is where real hard money will be needed.
As I said. I posted this concern about 6 month ago and got chased away like a rat intruding the board.
You all can chase me away now again but for me things are starting to get a little more toxic here.
GL all
The Lonely Wolf
Pretty much exactly what is happening here. Good post.
Its not higher because short term traders do not like to wait 6 to 12 weeks or 6 month. They want the money the same day or at least the same week and get out and move to the next stock.
That's fine with me. Everyone has a right to do what he or she wants to do with his or her money.
Good evening!
TLW
I'm not sharing your opinion. At this point in time price fluctuations are just noise for me. Only short term traders without the big picture in perspective care about this kind of noise. For me as an investor in Elite Pharmaceuticals it is just too risky at this point to sell even small amounts of shares, hoping for a lower entry. I'm looking at the big picture here and things are moving along as planned very nicely.
LONG ELTP
I respectfully disagree. This company has to much going on for trading at this low valuation. They needed money and they could not find conventional financing. Bad for the shareholders who held at much higher levels and before the RS and I truly feel bad for those who held on through the RS but I expected this and I'm buying in big time now because now is the time to buy.
Every investor or trader has to make a decision and I made mine here. I started a trading position and will average down if it does go lower...
As always just IMO
The Lonely Wolf
Me too. Started a position today at 0.3501. Close enough for me. Might not be the bottom here but who can catch the exact bottom? I admit I cant. The market cap for this great company now is only a little over 1 Million. GBSN is not going to 0 and that's all I care about.
Time to buy IMO.
Make your own decision. I made mine today.
Greetings. The Lonely Wolf
Gents, please get serious here. We are in the best stock on the OTC. This is the real deal. Minimal dilution, solid financing and no need to more dilution. Partnership with an established private well known company. Milestone payments, generic drug business expanding.......Block buster line of AR line of drugs......Whats more to think about? I'm in and what you do is your problem.
Thank you!
The Lonely Wolf
Just one little example.
Yes. This one company is also named ChemChina. They are expanding with their money and they are reaching for global.
Yessssss. Maybe because State owned National Chemical Corp of the People of China agreed to buy Krauss Maffei Group yesterday. The Company I work for...........China is more and more investing in Europe... The Company they just agreed to buy is in Munich Germany. Resently the also bought the tire maker Pirelli.......
Never under estimate China.
Hi John Langston, since there's not much to talk about ELITE I'm answering to one of your signature pictures. I'm sorry but Im afraid you are wrong.
Wolfs do perform in the circus. There is even a great song about it. Its about a circus in Vienna and a old wolf who sits in a cage next to a dancing bear. It tells a story about his dreams to be free and wild. . The Song is called "Der Alte Wolf" and the Author is "Ludwig Hirsch".
Too bad you probably can't understand the Language because its in German with Austrian dialect
Enjoy anyway! :)
At what basis are you calculating a 2 cent stock price here. Is your calculator broken or miss functioning? Lol! You are really funny. LMAO.
Looking forward to your proof for this statement.
Thank you.
TLW
T Trade. No Afterhours trading at OTC. A trade that did not settle during normal trading hours was finally concluded as a T trade.
Yes I completely agree. This will indeed open some eyes. Welcome to sub penny land and please prepare to get used to trips and zero bid here. IMO
TLW
And to this statement all I can contribute is:
I wish you all a very good Night here and nice dreams.......
TLW
Fake bounce. Low volume and no strength. Watch out lower. IMO
Yes. I'm glad they are able to keep the Nitrogen pressure in the tires compliant. At least BLTA is compliant to junk yard regulations. Are you serious?
Intrinsically worthless. Good point!
Lol! Good one. Watch and learn
And lets go back to some old lessons we learned:
Support at 0.04 was broken today.
Major support levels become resistance
Will wait for high 0.02's to buy back in.
Is it really that difficult?
TLW
About time to do so.....Lol!
VOIS Going to da moon!!!!!!
LMAO!!!!!!!!
Large volume and up, low volume and down. Wouldn't that be more like accumulation and manipulation? Starting to get interesting here now IMO. Still on the sidelines. Best of luck to all.
The Lonely Wolf.
And despite the resent huge drop in oil and gas prices WRES is seriously undervalued. IMO
Actually Oil and Gas......
Business Summary
Warren Resources, Inc., an independent energy company, engages in the exploration, development, and production of domestic onshore crude oil and gas reserves. The company primarily focuses on the exploration and development of waterflood oil recovery projects in the Wilmington field within the Los Angeles Basin of California; and coalbed methane natural gas properties located in the Rocky Mountain region. It also has established a position in the Marcellus shale in an area of Wyoming County in northeastern Pennsylvania. As of September 30, 2015, the company owned oil and natural gas leasehold interests in approximately 113,307 gross acres. Warren Resources, Inc. was founded in 1990 and is based in Denver, Colorado.
Thank you Couch for your great article. I worked today and will work tomorrow. I will leave for St. Simons Island GA on Wednesday for a couple days at the ocean. With my honey and our 10 year old German Shepherd. I feel comfortable with my large holding here in the ELTP camp. I Thank you very much for your continuous great DD and to the point factual posts.
The Gentle Wolf
Amen.....Flat line. No heart beat. Rest in peace VOIS
Merry Christmas to all ELTP'ers and Families.
On my way back to ATL from LAX
Yes. This is the reason I am still here. This company does have potential. Just not right this moment. They are diluting the hell out of current share holders in order to reach their potential goal. Be prepared for below $1,00.-
This will not go up from here. The low of the day confirmed continued downward pressure. Just JMHO but everyone makes hopefully his own investment decisions.....
The Gentle Wolf
I very much agree with your commend. I am surprised myself. It was at 0.0005 today at some point.
I have been following this so called newest American Airline BLTA for several years now and I have owned shares at some point in time but sold all long time ago. All I have to say is that I am very disappointed with the outcome of the latest ASM. This company has been living off rumors for several years now. The fact that they blew off the still existing shareholders with a ASM at a Hilton Garden Inn, feed them a little snack and present more rumors is blowing my mind. The fact that they don't even find it necessary to make the ASM presentations accessible to all still existing shareholders makes me sad for those still holding.
All here. Please wake up........It has scam written all over it.
Thank you
The Gentle Wolf
Dr. Lowenstein,
repost it please. I know I'm an Idiot per your calling but I have been reading here for many years and have not seen such post from you. Please repost, just for me.
Sincerely
The Idiot
Yes. I agree. Ups and downs are normal in stocks. What you describing here is not ups and downs. Its down the hill for a year now and I don't see any sign of upward pressure here. Actually based on the current volume pattern I see no bid very soon. People who average down on this kind of stock will loose all their money invested. I don't like to see good people loose all their money invested. That's why I'm posting here. This is not funny anymore. $ 5,000.- became $ 21.- in less than one year.
By the way I was looking for the ups in this chart. Could not really find a significant up......
With Best Regards
The Lonely Wolf
http://ih.advfn.com/stock-market/USOTC/nate-039-s-food-co-NHMD/chart/streaming?period=9&freq=6
Good for you 229. Keep accumulating! You must have a lot of shares by now based on your postings I assume you are a co-owner by now.
GL to you and all the Best.
The Lonely Wolf
I really wish this will happen for you and some other investors here on this board. Big Box Deal Costco and take off SP.
GL
The Lonely Wolf
I agree and I really hope that investors who averaged down have a low enough average to get out during the next dead cat bounce.
This is no longer an investment. Its a money pit or grave. Sorry but I have to be this blunt. Get out when you can......
The lonely Wolf
Yes. Robin Hood was the Prince of the Thiefs or Thieves because he did not steal for his own enrichment. He stole for the sole purpose of helping those in need of help. I for my part like this. You don't?
The Lonely Wolf
NHMD was over 0.12 about a Year ago which means in plain simple if I had invested $ 5,000.- in this company one year ago I would have gotten 41,666 Shares.
This $ 5,000.- or 41,666 shares are now, one year later worth $ 20.83. Now if it goes back up to .01 as you are hoping for this would bring my initial investment of $ 5,000.- to a whopping $ 446.-.....Less than one tenth what I invested in less than year ago. Great! Love it. Good tax write off
With best Regards
The Lonely Wolf
Same to you Dr Pete Rose MLB.
Thank you!