pagiantmetknicksfan@yahoo.com
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People are waiting on news. We know what is coming just not which piece first. I hope it is Lodrane actually, then hydromorphine, Then Naltrx, then Oxy.
Because I want it to already be in the $1 range when Oxy hits. I become a millionaire if it happens that way.
I noticed when someone asks them why there are on the message board, they don't respond and the thread dies. I should try that.
Maybe. Just seems incredibly dumb to take a short position on a stock that is going to hit multiple times and on any given day.
If Oxy news comes out they would never be able to cover.
Also, Yahoo sometimes gives you error 999 when you post too much. They are trying to win a war of attrition.
I am posting over there a bit. I feel almost obligated to fight the good fight. I have a big and growing investment in ELTP. It's also a good story they have to tell.
How many of them do you think are paid? Anyone with a history or insight into their world? I have read the articles online but was wondering who has personal experience.
Did you guys catch the 8k?
Basically it also says that Elite will work with Epic on 8 drugs. Epic can buy more shares if they meet certain milestones. Elite will get 15% of the profits. That is recurring revenue and Elite is basically to be owned by Epic. Epic execs are major holders of Elite stock. Safest penny stock I have ever seen.
It seemed like we sat for hours at .102 and .105 just gobbling up everything. What do you guys make of that? The price barely would fluctuate. I think the MMs are just trying to keep things steady but I am just guessing.
I imagine so. I want to know what Trellus sold today too. It seemed we just sat at certain numbers for millions of shares. no movement. Seemed odd to me.
I found this on the finra site just now
20110407|ELTP|9791583|0|24108581|O
About 40%. A lot has to be MMs naked shorting I would think but not sure.
Who's got the short volume?
like Elite?
I have a crazy idea but based on reading old posts and info, I think Elite may be the one buying the shares.
This was huge news. Basically means the plans as stated are being implemented. Plus Epic is there to back them up all the way. Epic basically and maybe literally owns Elite.
Products being shipped. Game over for the shorts
Going to buy a little more this morning if it doesn't run away from me. Funny thing is whatever the price is, it will be going up anyway so I shouldn't be too cheap...lol
The best part of the news release
"The phentermine HCl 37.5 mg product represents the first of these initiatives, and we expect an additional six product launches in the next six months."
You shouldn't love a stock they say....I love this stock
Serious Question,
What do you guys make of the high volume lately and the sideways trading. Are people just accumulating? Could it be a large investor?
The bashers showed up in droves on the Yahoo board. Like flies coming out of nowhere so something is up. Just don't know if it is fear to help the shorts drive the price down, people accumulating at cheap prices or what it is.
The company has products at the doorstep so would that be worth the risk to short right now?
The sales today were many many small sales right at .069-.07. It just seems weird to me.
Investors Business Daily covers ELTP.
Much of what we know but not all!
http://www.investors.com/StockResearch/StockNews/Earnings-Report-Focus/Nasdaq-Elite-Pharmaceuticals-ELTP.aspx
565? You really think so. Looks more like .068 to me. And based on all the buying the last few days, it is likely in the .07 then .0565 range
The new thing is to claim that the FDA could shut down their facility during this inspection. They are getting desperate. Do they not realize that Epic is using this facility all the time to produce drugs? It is getting to be funny but I do worry about folks that don't see through the haze.
What is going on here is the shorts are trying to use this thing as an ATM machine. They are risking that no new news will come out over the next run. SO it runs, they cut it off, short it, send out the bashers, manipulate the price with buys that barely cover their trade. Why would someone buy 100 shares (8 dollars) of this stock? It has happened a lot. The previous run it went to about .084, then they shorted it down to the 6s. Then a week or so later, it ran to about .094 and it has been shorted down to the mid 7s. Watch the little buys when they can't get the price down.
Now they claim to have called Dianne at IR. I have spoken to Dianne as well. I feel bad that she has to talk to these morons. Half of what the bashers have been saying from Dianne is true but is often misrepresented and they completely ignore the positives. And that is only half.
The FDA products are real. Just batch testing remains. The FDA requirement to inspect their facilty is not a requirement. The bashers are lying to make you think that this is all so far into the future. The FDA has the right to choose to inspect the facility if they wish as part of the batch testing process. If they choose, the drugs could be delayed a bit. This is a state of the art, already DEA approved to make controlled substances.
Something is up. Took a look at the Yahoo board and it is crawling with bottom dwellers trying to make up stuff about this stock. Anyone reading that stuff, remember 4 things:
1) Epic owns 40+% of Elite. Epic is huge. Epic uses Elites facility and has deals with Elite. Elites facility is on Epics Website next to their facility. That alone should tell you something
2) These drugs coming out are already FDA approved. Yes there is batch testing to make sure you can continually reproduce the same drug. But they are already approved and Elite has marketing deals with several companies...HITK, Epic, ECR, I think Precision Dose too. I get them mixed up but a little DD will lead you there.
3) The possibility of losing Lodrane hurts because it was already paying the bills. (Company was making an actual profit. The new drugs have much more potential than Lodrane though. Note the stock has blown through where it was when Lodrane wasn't an issue. ECR already has plans in place to both reverse the Lodrane issue as they already have with other drugs that were effected and make other similar products.
4) in Baseball terms, this stock is going to hit for a high average but it has massively more potential. The items above just get you to .50 at most is my guess. The patented 24 hour Oxycottin drug and the tamper proof Oxy are Billion dollar items. Seriously.
There is a ton more. I could go on for about 20 more paragraphs. Do your own dd. Read these message boards going back a few months.
Also note they just got 500k in the lawsuit and are owed 1 million from Epic which is more like a debt between friends. Epic needs Elite and vice versa. Elite isn't going away any time soon.
Who are the possible culprits?
Trellus - Why would they buy when they have their own cheap shares
Elite - Where would they get the money right now and why not just pay Trellus in cash
Epic - Epic knows what is going on and already own like 40% of something in that ballpark. Makes a lot of sense in many ways
The European partner - Makes sense too if a deal was going to go down. Not sure that it is legal though.
Random investor - Maybe, we all know how good this looks even under the worst case scenarios of just acting as a manufacturer and making the drugs they buy ANDAs for.
So much buying the last few days. We all saw the accumulation which is what it apparently was. Shorts and daytraders trying to move out but how much liquidity is still there with that kind of buying? Gonna get interesting real quick.
3 FDA approved drugs soon to be released. News is inevitable at this point. Is someone just accumulating for a very likely payoff? Where are all the shares coming from though. They are not big blocks of shares either so it doesn't seem to be the company. The last few days have been the same. Shares get bought out, price ticks up, rinse..repeat
Shorts laying on this thing hard but doesn't seem to be many sellers getting scared. tug of war. Who will win?
shorts are trying to force it down so they can get out. Look at the volume.
Have a feeling that the timing of today's news is directly related to the extension of the MOU? Seems that one of the Chinese requirements to closing the deal is for CPOW to demonstrate they have the financing to get things moving. Looks like they do.
Also why would a finance company agree to buy stock at 96% of the value? Maybe I am reading the deal wrong but a 4% margin is not exactly worth risking 15 million dollars. They must have good reason to be willing to accept this deal. Also doesn't it bode well for shareholders to know that someone is willing to buy 15 million dollars of this stock at 96% of the current price? Also wouldn't it be in the companies best interest to work to keep the price high as not to dilute the company to bring down the price?
What am I missing here?
This is a delay as would almost be expected in international business. Things move slow, and when you think it will hit it won't, and when it seems like another delay, it will be a done deal. You can't anticipate these things. Here is what is good:
They came and visited the facilities and now are going back to handle things on their end. CPOW has been increasing capacity at a rapid rate in anticipation of this deal. Seems like they are pretty sure and have a LOI from them.
There is still risk it won't go through or some catastrophe intercedes but odds are this is close to being done. It is a .10 stock. There will be risk but great reward too.It is speculation.
What I like about the 10Q was that it talks about greatly increasing their hiring/employee expenses. They are expanding. Sales will go up. These stocks are pure speculation and hiring to me is the most important thing for a company that has real potential for financial growth. We get a green light on the Chinese deal and off we go.
yup. You should check out the yahoo board. Never seen so many people with nothing else to do but bash a stock with poor arguments. They couldn't be short could they?
I can read your other posts so give me a break. What people are posting is mostly the truth. So many good things about this company. I half expect to wake up one day over the next month and see this at .30-.40 and then off from there.
Almost everything I read positive about this company on this board and on Yahoo is accurate. Do some DD. This company is for real. It is a manufacturing company that is expanding, has FDA approved drugs, is DEA approved, has unique patents, is currently already profitable and has Oxycontin in the pipeline. a 24 hour bombshell that could be billions. The stock is between .06-.07. It won't be for long
Either they are flipping it which I would if that was my game or someone is accumulating or both. BTW, I just made the stock go from 62 to 63 by buying one share on a market order. Had to do it for a laugh. Manipulation at its finest
You are hilarious. You know folks can read your other posts right? One day you love it, the next you hate it. One days it's great the next it is the worst stock ever.
Who do you work for or are you just trying to bring it down so you can flip it again?
The stock is being manipulated. Anyone can see that. There has been news and more news is coming.
I am a long in this one because it is a guaranteed win. Any DD will tell you that
I have not seen so many bashers between here and the yahoo board. The Yahoo board is ridiculous. Never seen so many folks come out of the woodwork to bash a stock, they supposedly don't own or are shorting. I was mad at first, but now it's just funny.
Look at the volume when it drops. It is being forced down with very low volume. Yesterday we say it fly with 10 million, then about a million to drop it back 20%. Just a game being played. It is really total BS but not illegal. With or without news, it will go flying again
Thought that but why would trellus just dump to bring down the shares. Looking at what they normally trade off, they could have done that much closer to .08 then .07.
To me , the MMs walked it down to get more cheap shares for the next run.
Think about the fact that the float is about 76 million, and we have trade 26 million or so the last two days. The liquidity has to be drying up.
MMs keep pushing it down so they can buy cheap shares to sell on the next run. Not sure how long this can go without blowing up
So what is going on here? MMs walking it down so they can get more shares?
The most important thing to me is that they are increasing the capacity of their facility and they have drugs in the pipeline to be manufactured. These drugs are guaranteed. They bought the right to make these generics. It isn't a matter of if but when.
This is a manufacturing company with a twist.
The twist is they also have patent pending technology to make tamper proof drugs and better time release drugs. These drugs are in the pipeline as well.
It is a win win. At worst they are a profitable company now and in the future regardless of Lodrane. Lodrane was nice because it made them currently self sufficient and profitable. I doubt with the new drugs coming this will change.
This company is way undervalued but until the next drug is released there is enough fear there to scare some folks out of their shares.
I am not a pumper and am really hoping to strike it rich here with over 350k shares sitting in my 401k. I just don't see much risk here. The info I put above is just the absolute immediate future. There is a lot more if you do some DD.
I would say good luck but this one isn't really about luck.
I believe they submitted this last year in anticipation on this happening. They are also very much producing, probably more then before. I suspect the numbers will be very good this qtr due to accelerated sales of the product.
The Lodrane is really small potatoes in lieu of what is really coming through soon.