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Hahahaha Couch. Day or 2 more like this and that accumulation line will be at a straight up 90 degree angle! LOL
Just don't quite know what to make of these last few trading days! Average volume 1.5 million.. over what, 40+ million shares traded last 3 days? Intriguing to say the least. Looking forward to launches just around the corner!!
Agreed. Extremely overdue on Naltrexone and should see double drug launches of the additional 2 Phentermine dosages very soon. Hope my funds clear today or tomorrow to add just a few more before any significant PRs drop! GLTA
Motivation is everything.
Looks like that was about 9.3% of his total share holdings, according to Yahoo. I'm definitely selling all my shares now.
Couch, did I read something from you about Naltrexone being held up because of someone getting transferred or something at the FDA? Thought maybe it was either you or Lasers that mentioned something about that but I can't find the post.
I have the most uncanny knack for not having money in my trading account when the best bear raids hit!!!!!!!
Haha. Only 4 days for January 2013 eh? Must've missed the memo.
Coincidence? I think not!
Definitely. 10-15 million is my guess, anything more than that... I'd be ecstatic!
I have no doubt that their investment has grown substantially. Elite should receive a nice payout for their ownership of Novel. Valued at ~3 million in 2006?? Now 6-7 years ago?? C'mon.
Agreed, no point in even eluding to it unless it was, in fact, being seriously thought about. Lol
It's easy to sell them, plenty of longs here who'll buy them from you.
Do you understand what the term refers to?
You honestly believe the other 2 phentermine products won't launch?
I'd be ecstatic with anything over 10 million from the Novel sale! Long as they have enough to pay off the debt completely and work on some trials, I'm happy.
Nice surprise to have increased lump sum this year from NJ debt program as well!
"Just a question, but does JT have any vested interest in the stock price going up? LOL LOL"
Absolutely. What a great point! LOL LOL. He's leading Elite to a better financial position, increasing the fundamentals to consequently increase the share price. Not only does he personally own a substantial amount of shares, he has also invested/agreed to loan $1,000,000 of his own capital to Elite to further the company's activities. His "vested interest" is actually very reassuring! LOL.
You didn't answer my question.
Since when is the amount of employees that work at a company considered speculation? Or the amount of products that they produce/sell?
I'm also hoping to get a fill at .075, good luck to you! Got a .08 fill earlier
Boom! Next patent approved in a few months eh?? More good news for ELTP! 2013 is going to be quite an impressive year.
The FDA has jerked ELTP around like a freaking chihuahua on a leash about giving them Naltrexone. It's been ridiculous for a LONG time. Cut the crap already.
If you were that concerned, you'd look them up.
Agreed, should be very soon regardless. So many other things pending as well.. never know when another will sneak up on us! Awesome that we'll get 2 launches at the same time any day now! And Naltrexone is so overdue its stupid. GLTA!
Hope this is indeed the case Lasers! Thanks
I was re-reading the PR today.. Do we think Elite already has the new API on hand or won't have it until early in 2013?..
Elite Pharmaceuticals, Inc. ("Elite" or the "Company") (ELTP) today announced that Elite has in place an agreement for the next year with the Company's sole supplier of the active pharmaceutical ingredient ("API") for Elite's Phentermine product lines which include Phentermine HCl tablets 37.5 mg. and Phentermine HCl capsules 15 mg. and 30 mg.
A supply limitation was disclosed by Elite on October 15, 2012, but is now resolved for the next year. The purchase orders now in place will allow the Company to obtain adequate amounts of API, although at a substantially higher price than previously paid, to supply both the Phentermine tablet product and the soon to be launched Phentermine capsule products. Elite anticipates that some of the increase in API pricing could be offset with increased manufacturing efficiencies.
Don't get me wrong, I'd love for it to be launched any time this week but just trying to temper expectations and get opinions.
Appears to be liquid oral suspension actually, Hike.
FAMOTIDINE FAMOTIDINE 40MG/5ML SUSPENSION; ORAL Prescription
http://www.accessdata.fda.gov/scripts/cder/drugsatfda/index.cfm?fuseaction=Search.DrugDetails
Indeed. Have given the generic Famotidine PO med many many times in the hospital setting.
Another approval for Novel!
FAMOTIDINE
(ANDA # 201695)
000 FAMOTIDINE
NOVEL LABS INC
Approval 12/17/2012
http://www.accessdata.fda.gov/scripts/cder/drugsatfda/index.cfm?fuseaction=Reports.MonthlyApprovalsAll
Yeah I'd personally rather us make it on our own as well, was just joking around. Hopefully we see profitability this next CY 2013!
Guess they should start looking for other acquisition candidates then! Us??
Exactly. Good post.
"Buy the rumor, sell the news"
I think when ELTP completes this turnaround into being CFP and generating substantially higher revenues like we are all expecting, the Elite employees deserve a huge pat on the back and a raise!
Snagged a few more at .089
Yeah son!! 12,000 more shares at .08 bam!
Gotta love cheap seats eh Couch?? Dunno who the idiot was who sold them to me but thanks!
Like Aqua says, cheers B_ !
Definitely high-five worthy, Nasdaq!!
I mean we are seeing some great news lately eh????
Hope I can buy in today!
When I heard him say it, I immediately thought that if he cared enough to become the leader of the company and if his investment was sizeable enough to prompt him to do so, then he must be legit. And then, what is my investment of a few thousand compared to his/Ledgemont's millions?