15 minutes and all the speculation can end. You are up Nasrat

Let me try this again. You read his post wrong, he didn't say what you think.

The market will reset after listening to Nasrat, but before the open. Nothing can be traded on now, so it doesn't matter.

Lol lets see what Nasrat has to say. Hopefully the issues are not big.

Not if its cold...lol

You hope, again you don't know this for sure

Your reasoning?

Another example of where something isn't right, but it's the shorts and market makers fault again. It's the standard of those who don't want to accept reality. I've seen it so many times and not just in bios, where negatives are actually over time spun to positives and of course great buying opportunities.

It was the smartest and most responsible thing they could do no matter what the outcome is. Keeping your shareholders informed of material events isn't just smart, it's your job. Now let see what is actually said tomorrow and how forthcoming the information is. We know there is a delay at best, let's see how long and to what degree. In any case, the additional shares will weigh on stock price to some degree, but Nasrat can help mitigate the effect if the issue is smaller in nature. No one knows yet.

Why would anyone assume that thing would stay the same and not ask? This is a great CEO, but did not ask the question? Unless you are saying they did ask the FDA and then the FDA suddenly changed its mind?

Dr. Carliff was confirmed back in February. I'm sure Nasrat would have talked to him and asked if the FDA still had everything they needed, no?

Just because ELTP provided everything, how do you know it was set for approval?

Sometimes you can do so much DD that you miss the obvious staring you right in the face.

Yep, this is the best option. Stop guessing what will happen, stop
praising Nasrat for having a conference call which is the least he should be doing. Listen to what is said and as importantly, anything not said. Then decide for yourself what to do. No one here has your interest or money at heart like you do. Trade and invest on reality not dreams of owning mega yachts off this stock.

It's it accurate and what made me sell back in January. Everyone was waiting for the NDA acceptance and then we find out it was not even filed yet.

It is good a CC was put on for Monday. If nasrat is not
Forthcoming, stock will be annihilated. If he is and it's a minor issue, then price will stabilize. Talking about buying more shares now before seeing is just a brainwashed mentality. Might be a good buy, might be the worst buy...we will see.

He didn't win anything because he wasn't short. Posting that problems exist doesn't mean those of us who post are looking for prices to crash. He was correct in reading the circumstances that a problem was on the horizon. There may be people paid to come to these boards and scare longs, but there are also others just posting what they see from many years of experience.

More shares will be issued and .40 cents is an absolute pipe dream with approval. The genetics are worth nowhere close.

There is no chance this stock is worth .40 cents without the approval.

That would be a major victory, but I can't see it unless we get more info. People will assume the worst.

Actually I would say the part ahead is almost the tougher part. The toughest decision is figuring out when to buy more and average down or cut your losses and sell and move to a better opportunity. Many people can't make decisions in the moment and get wrapped up on where they bought in and let it cloud their analysis.

Absolutely, good luck.

Ok I'm going to give you an expression that used to get tossed around the trading desk all the time. If you like it at 10, you'll love it at 5 and at 1 be absolutely ecstatic about it. Lower doesn't necessarily mean you should buy more.

How can it be a gift when you don't even know what the issue is? This is the garbage I am talking about. Maybe it is, maybe not, but you don't know yet.

Honestly, I have no idea what will get it back on track, I don't have the medical expertise for that. I'm the guy who tells you that Eltp was trading completely wrong for a stock that was supposed to be a lock for approval. The writing was on the wall that someone knew a lot more than us and many times people on the message boards ignore clear signs thinking they are smarter than the market...they usually aren't.

How did you select $2.80? Chart? Gut feel? A dream?

There are no sizable shorts to speak of. Something like 50k shares last we saw, which is a absolutely nothing. The selling will come from shareholders.

The thing about trading is it teaches to quickly to admit when you are wrong. The market doesn't give a damn about ego or anything else. If it got approved, I would be buying on Monday if I could have gotten in at a decent price. I'd rather buy late than hope the light at the end of the tunnel isn't a train.

The flippers as you call them are already out, as they were the savvy ones here.

Depending on what's in the CRL, you may well be on the right track. Where the heck is Nasrat with an update?

Same guy who said that nothing will stop elite. ??

Aqua, the question is why? You don't even know the issues yet, why buy till you do? It's not a crime to look elsewhere, the market has been fantastic with a lot better companies than elite, and there is still more to invest in over this questionable futured company.

The 2nd writing was in the last few days before the 14th where the stock price was actually dropping. The minute we couldn't cross .40 it wasn't good, but to actually start falling under .35, something was rotten in Denmark.

Not wishful, beyond dreaming. Be happy if it doesn't open in the teens. Very happy

Ah thanks for the clarification.

This is where I am. Don't like to see people lose money, especially a lot of it, so feel sorry for them. The select few pumpers though probably never had the positions they touted daily.

That was with milestone payments which won't recur, was it not?

Totally agreed. I've said many many many times this stock wasn't trading at all like a stock where approval was a lock and Couch stepped on his high horse repeatedly with his "not a damn thing anyone can do to stop Eltp". Ummm couch? In the end i doubt you make much of anything off Eltp from all the buying you claimed to have done.

Nasdaq you smugly asked that I ask you when I would like my shares back you bought at .382? Ummm...how about 15 cents? This is why you don't send smart ass PMs

Come on everyone knows it was the market makers....

Notice the lack of question mark?