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Why?
Great day!
I love new approval days most of all. A real thing that we own that we didn't own before yesterday. And more to come! Soon! Filling the buckets, one ANDA at a time. And credit where credit is due: in the cases of Norco and Percocet, Nasrat turned a bad thing into something good. These ANDA's were originally developed as NDA's with 2 bead ADF. The FDA made clear they were not interested in ADF versions of the acetaminophen combination products, and so Nasrat then smartly transitioned to the non-ADF generics. It took time, but now here we are, and instead of jack squat, we've got these two shiny new ANDA's. Personally, I hope we eventually see NDA filings for the 2 bead ADF versions of these drugs, but the unfortunate truth is, these nonADF versions will probably make a shit-ton more money than the ADF versions ever would have.
I'm looking forward to the imminent approvals for the SunGen CNS stimulants, yet another example of management's foresight about problems in the ADF market. I agree ELTP's stagnant SP sucks, but I also know that other ADF companies are going down in flames while Elite's future has never looked better. Today is a great day for ELTP longs, and I credit Nasrat for it.
Yes, I'm sure you do.
Just FYI
Getting it ready...
Carter Ward:
Interesting, thanks for sharing.
It is more interesting what they will cover. Also, keep in mind, this is only one Blue Cross plan (Alabama).
https://www.al.com/news/2018/11/blue-cross-changes-opioid-coverage-drops-standard-oxycontin.html?outputType=amp
Too bad...
Be careful here.
Name a few...
Lol.
Interesting...
https://ir.intellipharmaceutics.com/press-releases/detail/181/intellipharmaceutics-announces-closing-of-us-14-3-million
So what happens if they close below $1?
They already announced they met the 10-day share price above $1 requirement as of 9/28, but they also announced they were given an extension until 10/17 for the shareholder equity. What happens if today's closing price is below $1?
It already seems they'll have a tough time meeting the shareholder equity requirement. On today's filings, their shareholder deficit is nearly $5 million, which means they'll need $7.5 million in the bank, not including their routine operating costs, and nearly $2M of that deficit are loans from Odidi's. They could use those loans to buy into this offering, which would reduce the company's need to raise $2M and prevent the associated dilution. It is in his power to do it right now, this very minute, and the share price would go up by multiple dollars as soon as it was announced. No need to worry about $1 closing price. It also would reduce the need to find buyers, as it seems they are selling those "units" for substantially less than the $1.37 they suggest in the prospectus.
The only reason not to convert those loans into shares right now is if he believes bankruptcy is more likely than success.
Pump, meet Dump
You are so right.
Good Lord #2
Keep waiting.
Oh good Lord, what????
What I learned today: ELTP isn't Penny Stock.
Interesting article, thanks for posting.
https://www.cnbc.com/2018/09/28/bank-of-america-cracks-down-on-penny-stocks-with-purchase-ban.html
IPCI investors are funny.
Some investors are smart enough to see things before they are told. Some investors are smart enough to see things after they are told. Some investors never figure it out, ever, even after 90% of their capital is gone.
Regular readers know who is who. And I know all my retirement accounts and my kids' 529s are fully funded, and even if none of my speculative investments pay off, I'm still on track for an early, comfortable retirement. I also know I was able to use proceeds from my investments to help my wife quit her job and start her own business. I don't have to hide any of my stock purchases from her like some investors do.
I don't know how to be more clear...