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It's not dillution. It's called shorting. Elite has already stated that they are not dilluting, but that they are living off their revenues which are ever increasing. You are obviously trying to mislead people on this board because you have no grounds to substantiate your claim. You must be a shortie on this one.
Not a pump. This was real news on a real company that is generating real revenues and are trending towards generating real earnings. The shorts had their day today but the longs will have theirs tomorrow. Every dog has his day. It's all part of the process. I did my DD on this one and believe that over the long run, we will see the pps rise. I'll be very patient.
This boat is going on a cruise to paradise real soon too. I have another buy in oder and if all goes as planned, I'll be up to 1.1M by eod. I'll hold on from there though to wait for a pop. Good luck to all of you.
Patience! I'm having fun picking up more shares. Trying to add to my 1M right now.
Just got back from an appointment. Looks like there was a little bear raid while I was gone. Just picked up 300,000 more shares and am at an even 1M now. Thanks for the cheepies and see you guys at .10 real soon.
Looks like a lot of good reasons to hang araound.
.058's were pretty thin. I tried buying 50,000 more but there were only 20,000 to be bought.
Just added to my position. I'm at 650,000 shares now and will build it to 1,000,000 over time if the prices stay this low. This one is a no brainer. The next pr that comes out stating that earnings are increasing or that one of their drugs are approved by the FDA will send this skyrocketing.
In the green again today. Slow and steady climb up to .08 by end of week. Then a little pr would put this up over .10 real quick. Earnings report should prove to be very interesting also.
Nice buys coming in already.
Looks like the sellers are gone today.
Let's have some more green today! 10% per day would be nice.
Agree. Let's see some action here today.
Let's get over .08 again today!!
Ask is climbing. Just went up to .064.
I don't think we will have too many sellers at these levels. Look for a staedy climb from here on.
I don't think we will have a huge move up in one day, although, I think that over a one month period, we will be back at .25 and at a buck within a year. We could gap up 50% today though.
Set your sell orders at 1.00 so the sharts can't borrow your shares. We could get a real run up on this one today.
ELTP could be a real sleeper and is getting ready to run big time.
ELTP is a sleeping giant. Getting ready for a real run up in my opinion.
ELTP is poised for a huge run up. Just cut a deal with Hi-Tech, and revenues are starting to soar. Ought to be a multi bagger real soon.
Revenues for the quarter ended Sept 2010 totaled $994,646. If you take this X 4 quarters, the estimated total revenue for a full year would be about 4M. The market cap at the current pps is only 5.5M. HELLO!!!!!!!!!!!!!!!
To put the Trellus selling into perspective, since mid 2010, Trellus sold a total of 475,000 shares. This only amounts to 2% of their total 23.4M share holding. Jerry Treppel, CEO of the company bought 500,000 shares in one purchase on July 12th at .07 cents which exceeds the amount that Trellus sold. Trellus probably sold their shares to buy a new company car because the value of the sales only total $28,500 at an average .06 cent sell price. So when you look at all of the red bars on the insider trading charts over the last year, it's nothing to really get excited about. I remember trading this stock at .75 cents two years ago before the economy tanked and wanted to kick myself for not buying when the pps hit .07 because it spiked back up to .26 real fast after news that wasn't nearly as good as the Hi-Tech deal. Now we are here again at the same pps in a depressed biotech market and there has been no dillution. Elite has FDA approved drugs on the market that are increasing their revenues quarter by quarter and three new drugs that are FDA approved and ready for launch which should also boost revenues. The recent deal with Hi-Tech should add tremendously to those revenues. Elite should be in the green in pretty short order in my opinion and when that happens, we will be discussing the pps in relation to the p/e ratio as opposed to it being a speculative stock. I think the current holders will get a very good return on their investment. As Warren Buffet said, the stock market is patient investors making money off of impatient investors.
I just read the entire contract between Elite and High Tech. High Tech pays for all of the development costs and Elite recieves compensation for production & milestone payments at certain points in the production process. Elite is also entitled to royalties on the sales for up to fifteen years. Seems like a pretty sweet deal to me. This is probably the single biggest piece of news that Elite has put out in the years that I have been following Elite. That, in addition to other recent partnerships and drug acquitisions, increasing income, decreased expenses and a recovering economy could make this the perfect storm for ELTP. This could be the best opportunity stock of the year.
Agree! I picked 650,000 shares today and am in for the long run. Diane Will with Investors Relations is very helpful in helping you with the information that you need to make an informed decision. I emailed her today and she got back with me in less than an hour. This is a real company, with a real product and service. They have increasing revenues and have reduced debt. This deal with HITK is a major game changer and I believe that we will be back at .25 within a few months if the markets continue to improve, especially if we get another good pr or two. Good luck to all.
HITK stock is up over 500% over the past 15 months. Must be doing something right. Turning off my computer now and not looking at it for a while.
I think it's a good hold for a while. Good luck to you.
.059's were only 20,000 shares thin. Tried buying 80,000 and only got 20,000. We should be heading back up very soon, not that it matters though because I'm not selly till I make some big cash on this one.
Article on Bullseye stocks.com
Elite Pharmaceuticals, Inc. (OTC:ELTP) percentage change grew 27.45%, currently trading at $0.0650 and its overall traded volume is 4.47M shares while reporting, the stock has average daily volume of 683,069.00 shares. ELTP opened the day at $0.05, it made an intraday low of $0.05 and an intraday high of $0.06. The 52-week range of the stock is $0.04-$0.12. At current market price, the market capitalization of the company stands at $6.37M and it has 97.95M outstanding shares. Elite Pharmaceuticals, Inc. (Elite) is a specialty pharmaceutical company principally engaged in the development and manufacture of oral, controlled-release products, using technology. The Company has two products: Lodrane 24 and Lodrane 24D, being sold commercially. It also has an approved generic methadone product developed with its partner. The PharmaNetwork. Elite manufactures two once-daily allergy products, Lodrane 24 and Lodrane 24D, that were co-developed with its partner, ECR Pharmaceuticals (ECR). The products are being marketed by ECR. Elite’s revenues for manufacturing these products and a royalty on sales for the fiscal year ended March 31, 2010 (fiscal 2010), aggregated $3,339,870. Elite co-developed a generic methadone product that was approved in November 2009. Elite is also preparing for the manufacture of this product at the Facility.
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CEO Treppell bought 500,000 shares at .07 a few months back.
I have been in contact with Elite on several ocassions in the past and they are not a "pump" Company. They are all business which is good. I think this is a great long term hold and believe it will hit .25 in the short run and back up to a buck within a year if all goes well.
Looks like CHDN is finnally done selling today. Let her rip!!!!!!!!!!!!
Almost done!
Huge orders are hitting the .065 ask.
Here we go!
3MM's at the .06 ask were only 120,000 deep. The ask is very very thin here.
HITK has a 315M market cap. That's no small potatoes. Wonder if a buyout may be on the horizon? HMMMMMM?
.06's are almost empty. Back up to .07 real soon.
ELTP hit .08 yesterday when the news first broke.
Looks like a party is getting started here today. Lots of huge buys going on today.