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It's simple; Sungen wanted cash only. Elite doesn't have that amount of cash. So Mikah bought them.
Did you listen to the conference call? A little critical thinking and piecing 2 and 2 together and one can deduce what's going to happen.
0 with Adderall IR/ER and 100% owned generic Concerta. Funny joke. ;)
OTC markets aren't forward looking.
Things are looking mightyyy nice with only an $80 million market cap here. Lots going on behind the scenes.
What do you think half ownership of an approved generic for Adderall IR and ER is worth?
Important to note too that he mentioned that includes very little profit splits as well (for ER).
Adequate API secured for the rest of the year. - Nasrat
Great news.
Why would they need an excuse? Adderall ER launched March 31st. Hold your horses for the Q1 2021 numbers.
Conference Call Information
Elite's management will host a conference call to discuss the year-end 2020 financial results and provide an update on recent business developments. Stockholder questions should be submitted to the company in advance of the call.
Date:
June 30, 2020
Time:
11:30 AM EDT
Dial-in numbers:
1-800-346-7359 (domestic)
1-973-528-0008 (international)
Conference number:
98840
I am convinced, whatever the news will inevitably be, will indeed come out of the blue. In the meantime, we wait.
Now do Q1 2021 coming next, :)
Thanks Uncle Sam. (Although we all know where that $ comes from)
Or Elite could eventually own 100% of it. Hmmmm.... ;)
Maybe lunch detention.
Adderall ER numbers in August, ;)
Full steam ahead with adderall er. Lots more to come.
Pretty sure that went out the window on Thursday ;)
An interesting Thursday & Friday. We'll see what next week brings.
I'd go with it being a forced liquidation (Had a margin call somewhere else or desperately needed the cash for IRL things. The seller had flashed a 1,000,000 sell order days before on the ask. (P.S if you really want to off load shares on a low volume stock...don't do this.) Assuming it was a singular person, he/she took a nice 40-50k bath on that fire sale of shares. Safe to say it was a weak shareholder, best he/she is free of those shares and won't be a nuisance moving forward.
I think it should be crystal clear why they did away with the "open mic" style of conference calls.
The MM doing the selling was someone with GTSM; do some light digging and something might appear.
I'm currently having my lawyer deal with it. Lawsuit to follow shortly. I demand a press release, or else.
Might even be a case meant for the Supreme Court.
You should sue them, 100%.
You'd prefer bankruptcy?
That's for the next Q; Yahoo skipped over financials coming next week.
Who cares as long as the Adderall ER is selling. That's all that really matters.
Dilution > Bankruptcy
Is this really a debate?
No, it won't be issued for about a week.
Nice find.
My thoughts precisely.
You see, what happened was... 3 people...at the same time...during a global pandemic...where few companies are hiring new people...decided to quit...again at the SAME time... from a good, stable, professional job.
Wait, that doesn't make any sense. LOL.
Very nice.
Not sure I'd agree with that just yet. I'd say rather we had issues with the funding for it. Obviously going forward that won't be an issue.
Generic Concerta as well. There's a lot going on with Elite for only a $75 million market cap.
I think anyone familiar with the market in general knows if you really want to fill a large position, doing that isn't the smart way to do it.
Standard in the OTC world though.