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Not exactly the best use of time, that's for sure. CEO buys through Mikah and flips to Elite for a profit not at arms length. Crazy.
Although this will get us an inch or two closer to CFP, but won't get us past the goal line.
It did make me chuckle as I this was not the PR that we were all looking for. lol
The Memorial Day weekend did cross my mind, but I think the results lean favorable for the BE study.
Love the Bid at 0.21 and Ask at 0.20. Will be nice to one day get off the OTC.
So sorry to hear. One of my fears, and I think this is a valid fear, is that ADF tech will push oxy users to heroin & fentanyl.
Don't speak so soon. How soon to forget that Nasrat pulled the Friday evening CRL. Very coward-like. Haven't had any live Q&A since.
Regardless of what they say, it cannot be taken as truth, regardless of how positive it sounds. Do you recall all those NASDAQ promises? Safe Harbor gives them a ton of leeway in language.
You are right, but on the flip side that is management's job to instill confidence. Anything they say future related falls under Safe Harbor language and could be complete and utter BS. Their confidence could mean absolutely nothing in the end.
Yes, if you have a separate ticket to vote for in a proxy war. I have never seen a write in option, but it could exist I guess, if the company permits it. Usually you vote for the board members up for election or withhold your vote. Since this company isn't owned by institutions (primarily mgmt & retail owners) it gets much more complicated.
You can't just vote someone on a board. For companies to expand their board, board approval must be given. Shareholders vote for the company's recommended Board members periodically. If another investor wants to make a board seat recommendation that differs from the Board's recommendation, this becomes an incredibly expensive proxy war that can easily cost many millions. The client I consult for is going through this now with an aggressive activist investor.
Except for that 20% dividend kicker he just added on his preferred shares.
No David Copperfield here, except for Nasrat. He can create new shares and dividends out of thin air! Amazing!
That is absolutely hilarious...and remarkably accurate.
Ha! Didn't see the change. Per your note, I am right there with you.
I think the only holding and dumping that is going on with ELTP is taking place within a bathroom stall.
You need to call your broker to arrange what block, if different. At least I need to do so via Scottrade
Absolutely. Most companies announce news pre- or post-market, but some do during the trading session.
The study results would be a material event and would need to be PR'd.
I read this article earlier this week and the part that I found troubling was 3,900 people initiating non-medical use of opiates each day. That is unbelievably sad and scary.
But this isn't a loan. LPC has virtually zero risk with the flipping of shares. This isn't equivalent to a commercial bank taking on risk for a loan or revolver option.
LPC doesn't win by being long here. That is not how these dilutive financing companies work. This is purely a quick sales transaction. LPC gets shares and flips on the market. They win by getting their free shares for the deal, flip and sell. How does this provide any other "potential" insight?
Yes and no. LPC III came to be since the last one expired.
Many partnership deals are done with upfront payments. Would be great to see something along these lines in place of the 7.5M to prevent further dilution, but have doubts. I agree that Elite is trying to create leverage, but anyone would know that in reality the potential dilution burns a hole in the CEO's pocket (excl 20% preferred share dividend). In negotiations it doesn't seem all that plausible, but to leverage several other partnerships against each other would be the real ticket, but just not realistic at this point.
Well, if he has no plans to use LPC now, why would he set up the deal that involved how many hundreds of thousands of free shares?
The same unanswered question of why are we no where near the PPS high of 0.97 if the pipeline is so fantastic. Pipe dreams.
If and when. Thought it was a done deal. LOL just like everything else in the pipeline. BE equivalence still has yet to be proven.
Not an option for him to go back quite yet. That is the new normal.
Too funny. Last Q I checked they had 11.5M cash on hand.
Good point. If data is positive, why would Nasrat line up LPC III knowing he would get the 7.5M? Unless Puracap isn't a done deal or results aren't as positive as expected.
Bought in below .23 so already up 5%. Working out just fine.
I am rather surprised we closed green. Just goes to show there are more buyers lurking. Momentum is slowing for sure though.
Not exactly. I did take advantage of the dip and loaded some into the Roths. Momentum is behind this one with few sellers awaiting news either way. There will be a volatile reaction regardless of whether news is good or bad.
Although I should.
Per your note, I don't daytrade OTC.
As soon as I said it I realized that. I always use historical closing periods for analysis, not intraday.
How is that when closing price for today hasn't taken place? We are going pending any bad sell off today. Please explain.
Charts are just historical. Golden cross is a momentum indicator, but again is just data from the past.
Golden cross is based on 50 & 200 DMA. Unless the stock crashes it just slightly tweaks the slope of the 50. With the recent movement over the past couple weeks the set up for the golden cross continues.
Nasrat is like the Federal Reserve. He can just keep printing money. Those 20% dividends he pulled out of nowhere will serve him just fine.