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Bounce off .09 then head to .10 maybe. In the long run it doesn't really matter anyway, a penny here or there.
The question was to prove accumulation...which I did.
I think you'll be very pleased with those when Elite captures 10% of the XR market. ;)
I don't see how it's possible to trade with any decent size with this stock. Sure, 25k shares it might be possible but for anything meaningful it's not worth it. Too few buyers/sellers.
IMO either play it for the long term, medium term or stay out and wait for an opportunity where larger volume comes in.
$16,000 total traded today = dumping? lol
In an economy where employers are cutting back, wouldn't surprise me for job openings like those to go quickly. Just guessing of course.
Thanks for the info prk8r3! Please keep us updated and stick around. Good luck!
I'll take 10% of the XR market and 10% of IR. Nice, very nice.
I would've sold you some for less than .74 Dawg :)
I hope those shares turn out to be very profitable for you in the near future.
Then they need to contact the FDA as it clearly shows on at least 2 separate web pages that they have discontinued all of their XR.
There's no way of 100% knowing (yet) I suppose but it is odd.
Walgreens official site lists Teva. However, FDA site shows Teva having discontinued all of their XR. Did Elite/Lannett swoop in and take Teva's place since they left the market?
Hmmm....
https://www.walgreens.com/rx-druginfo/pharmacy/finddrug/druginfodrugdetails?drugId=649877
That's some nice due diligence right there.
Yeah, convert his 120 million then do that. Makes perfect sense.
If Nasrat doesn't convert, he's due an interest payment. I believe 10%? Someone can correct me if I'm wrong.
You want Elite to have to pay that instead of Nasrat converting to common stock, the same kind we own? Really?
Got the same from TD; voted FOR for both.
With as low as the volume is now it's tough to say, could go either way in the meantime. The trading range for quite some time has been .06's to .09's.
IMO if you're interested in the stock plan on holding until mid next year if you want to see some solid gains. Sure the stock could (and should) rise as the next 2 earnings reports come out in June and August but larger gains will probably take a solid year.
Thanks for the clarification AR.
We'll need 3-4 solid quarters to see how we're doing with Adderall XR before we get a good idea of future value IMO.
How many shares of common does he own now? How many total will he own once he converts, which he can starting April 28?
No, he owns common stock. The same we do. Now why would he be converting his preferred to common stock?
Also, you didn't answer the question. How many shares does he own and how many will he own after the conversion?
Razzamataz, how many shares does the CEO currently own? And more importantly, how many shares total will he have once his conversion from preferred to common (the same kind we own, btw) is complete in the not so distant future?
Thanks.
Welcome, it's been quite some time since I've seen you around here.
So I should sell? What should I do? I need guidance, please.
Good or bad reviews aside, I'd take anything found on reddit with a grain of salt. ;)
Maybe someone with more expertise could chime in but I'm not sure what kind of delay in filing this ANDA we might incur due to the Corona virus.
Nevertheless, I'm hopeful we see news of this filing by the time the June conference call rolls around.
Oh yes. With yearly revenues soon to come close to matching the current market cap of the company, the share price will eventually show the true value of Elite.
If "buying and holding," what difference does it make (other than a gain on paper) if the stock is at .xx or .xx?
Price only matters if it's hitting your buy/sell target, that goes for any stock.
You could've had .13 9 months ago. Also, what changes at .13 vs .08?
Any additional funds will be used to purchase additional ANDA's and on further trials. As said before, Nasrat owns too many shares to cash out in any way other than a buyout or a merger with a much larger company.
Doing a share buyback or a RS doesn't do anything. Follow the $, his conversion can take place at the end of this month.
So it's not good news Elite just launched a product with a market of over $1 billion with less than 10 competitors when our market cap is only $65 million?
That's interesting. How about the next ANDA to be filed with a $1.6 billion market? Bad news too?
An 8 figure revenue quarter might do it. At that point the yearly revenues would be getting close to matching the current market cap of the company.
Great news! Now let’s get that 10% of the market!
Lannett IR stated launch expected late March/April.
I'll feel a lot better when it's finally launched; hoping for an early April launch PR.
Looks like any sellers that wanted to panic sell are out; building some support in mid .06's. Next good piece of news and we'll be on our way back to the .09's
I've been buying as well when I see shares available.
Do I hear .20 today? I don't see why not.