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I agree. Very sad & next week will be ugly.
I think Nas' comment on 2-3 years had nothing to do with buyout. He could tell there were issues with submission. He was building in a huge setback. Nice to see his loan was repaid, further dilution and shareholders reap the pain.
Now the S1 makes sense. I think another trial is in order & cash needed to support it. Now it will set us back months if not longer. Took TTNP 2 years to rectify their CRL. Need to wait 30 days to at least meet with FDA.
They have a few business days to communicate a CRL, if that was the case. Wouldn't have to receive that news until Tues or Wed.
Good thoughts. I find it troubling AL-02 has been waiting since January's PDUFA date to finalize labeling. Who knows when FDA is going to act on this. Hoping we don't run into the same issues.
Since when do companies dictate what the FDA does? Pure trash
Please don't accuse CEO of being stupid. I disagree.
The 400 million market = 200 million. Nothing more, per the CEO.
All respectable companies have leadership that leads, hit challenging goals, etc. We wait from a government agency for news instead of from the company? Laughable.
So we get information on Elite from the FDA and not the company? Why are Elite's mgmt being paid? Doesn't add up.
Show me one other company that waits until the website is updated. No one does that.
You do realize SO is 50% split with Epic, right? Shouldn't you cut all future rev streams to eztrapolate that assumption as well? Per Nasrat, SO has a 400M rev potential, becoming 200M after the split with Epic.
Except that it is the truth. Lol
Tell me when Nasrat has underpromised & overdelivered. It has consistently been the opposite.
Same data on which CEO stated SequestOx has 400M potential. Now give half away to Epic. Straight from CEO's mouth, but why believe him?
So do I. Delayed submission. Nasdaq in 2016, now 2019. Or do you want to spin his words otherwise?
No proof FDA said that. Nasrat screwed up on that one.
Because notification from the FDA isn't valid?
FDA's website for prior day approvals gets updated around noon EST.
Please elaborate. I completely disagree. I see many are still holding & waiting for the FDA's response.
Not the next day!! Say it isn't so! How will we ever find...the will...to live...
Good post. Glad someone else sees the flip side of the coin regarding the risks to offset then everything is better than perfect crowd.
We both remember that night all too vividly. Rug was pulled out from under them after FDA approved their trial path & rejected it upon PDUFA. Made zero sense. Never say anything is a done deal with the FDA. They march to the beat of their own drum.
Let's first hear from the FDA before we talk acquisition. TTNP provided a PR late evening of PDUFA date. It ended up being a CRL setting them back 2 years. Don't see that with ELTP though.
If FDA approved today, we will see it on their approval website late morning; however, if that was the case we will see a company PR tonight or tomorrow.
Why would he specifically move the date to 3 years? Why would he mention 3 years if he was more focused on a buyout? That technically means that the success over the next 3 years will be good, but not stellar as some here would have you believe.
Your response makes zero sense. Thanks.
If a buyout is in order why would the CEO say a Nasdaq uplisting could be up to 3 years away? That doesn't jive.
Company will PR it & potentially hold cc. The link provides prior day approvals, not current day.
TBD. If it is bad news - usually after close. Each company is different.
Clock starts ticking on approval. If they don't pay I would it to be a force nullifying the contract.
This just reiterates the 10K/a & CT filing. Nothing more. Just an administrative filing.
From SEC website on this morning's form:
"Notifications of effectiveness for Securities Act registration statements and post-effective amendments (other than those that become effective automatically by law) are now posted to the EDGAR system the morning after a filing is determined to be effective"
Like I said before it was deleted last night. Dead wrong on this.
Dead wrong. Not all do. I was major part of an acquisition that based it entirely on the revenue stream. EPS was ignored in this case. Sometimes it is factored in, sometimes it isn't. Many different valuation methodologies and you know that.
Today's activity is likely to be a mix of factors at play. We know LPC is selling and what a great opportunity to sell when there is anticipated to be great momentum around the timing of the PDUFA.
There are various ways in which to acquire an organization. Some of those are based on today's stock price, but are more for mature organizations. Another common methodology is to use a factor of today's revenues multiplied by a factor, but this is for a steady business, which would leave out future revenue projections - which is what this tech is all about.
I agree. This was a classic case of trading on rise of price prior to FDA news, but taking it all off the table before news is given to avoid the yes/no outcome.
Neither did Amazon until this past year. Hmmmmm....
I'd buy that. The volume is so small it isn't worth another thought. Market opens soon enough.
Shares traded what appear to be in pre-market are between MMs. To my knowledge retail traders do not have access to any pre- or post trading for OTC stocks.