The stock is up 73% YTD. A nice slow and steady rise in the PPS and this will continue certainly as evidenced by the factual information posted about pending product launches, 216 coming into the game, the companies short, mid and long term business strategy, etc... There is nothing negative on the horizon for Elite that I can see for the remainder of the year and well beyond.

I have very little faith on what is posted on that site but you are 100% correct. The yahoo financial filings have been removed. The link identifying them as Edgar filings was still there yesterday but the 4 years of sequential reports are gone. Wonder if it was a yahoo glitch or some other alterior motive created by person(s) to mislead investors again?

You were 100% correct. Yahoo has removed the previous info that was on the HBRM site. Very strange occurrence indeed and makes you wonder if it was a yahoo glitch or some other person(s) attempt at misleading investors with false info. The link did state financials Edgar and looked to be a PR type of link and there were 4 years posted of financials but very confusing numbers.

As I have told you previously, it is on the sotcks own website link in the IR section. http://www.herborium.com Go to IR and follow HBRM links to info page and you will see the current float.

You could be right. I would try and call of email the company but have never received a response back from them.

Please refer to this page under "headlines" section at bottom

http://finance.yahoo.com/q?s=HBRM


Your thoughts?

54M or 54K? I agree the numbers are screwy and do not make sense to me but they must have filed something to bring themselves current for a reason right? Someone also stated these are audited financials but I find no direct info stating that either.

This is the link that they have been referring to for the HBRM filings:

http://finance.yahoo.com/q?s=HBRM


Check under headlines

I am happy to see the financial filings albeit the numbers appear confusing to me. I believe this is a prerequisite to a merger deal with CHRI and is required to move up on the OTC. Other then that, not holding my breath.

By the way for your earlier post: Float: 386.18M

HERBORIUM FinancialsEDGAR Online Financials(Fri, Jul 6)


This is what was put out by the company.

Shows on yahoo http://finance.yahoo.com/q/is?s=hbrm Came out on Friday

Just bringing truthful reality and common sense to the site and allowing people to see the pros and cons of the stock so they can make informed decisions about their investment and not get caught up in any other PnD's here hopefully.

Oh it is going to move without the merger. It will move downward rapidly into the .000 range from where it came from before the easter PnD in my opinion.

Yes it is. You are 100% correct. It is usually promoted up big to try and pump the stock and then never materializes.

Why does the HBRM website show the float over 350M ?

The board LOL, you mean Dr A and the other guy. This PR is nothing more then a promoting PR which was an attempt to try and stop the PPS free fall. It failed obviously. No where in there or any other follow up PR's does it indicate they have even bought back one share. When I emailed the company and called them about it, they refused to respond. That speaks volumes about the professionalism of the company.

So get back in the PPS is .0038. Whats stopping you? You still have concerns huh as do I but I am deep underwater here.

I hope I am totally wrong and that HBRM goes to the moon for all investors here. Just in reality, do not see it right now. Perhaps the merger is still on track based on the recent filings to bring the financials current. If that goes through, I am hoping for a .0075-.015 PPS for HBRM. That will be as good an exit point as possible for quite awhile IMO.

Please provide factual links for 7 and 8. I see no were in PR that the buy back has even started nor do they have the means to do so in my opinion. Also, where does any PR state they plan to move up on the boards anytime soon?

Sex sells as a gimmick up front does not mean buyers will keep coming back for the product. Does not mean it is a premium vodka either however the guy Willen has a positive track record in the alcoholic beverage arena.

I do not think that due to the small size of HBRM it would be that costly but you bring up a good point. HBRM has little liquid cash so maybe CHRI did pay for them. Either way, these filings appear to be something positive for a change in the right direction hopefully.

Absolutely, JT and the team he has comprised, partnerships, short, mid and long term business strategy are paying off now and long into the future. Truly a remarkable turn around and a historic run shaping up for Elite shareholders.

LOL,,,and the company certainly came through and supported 99's financial speculation with their own actual financial reports didn't they?

But wait, are they not a world wide distribution company with massive revenues and net profits?

Interesting time to release them also maybe some PR on Monday updating merger status? Funny, guess the compensated awareness promoters don't work on the weekends unless perhaps maybe for overtime pay who knows...LOL

This kind of goes along with the history of HBRM the last few months. Playing up the hype with compensated awareness campaign and holding out for as long as possible only to deliver very unexpected and insignificant news resulting in massive dumping and PPS decline.

Thats a given for sure. The vodka product market is huge and really only premium vodka's are around and profitable for any length of time in my opinion and this certainly will not be a premium vodka. The bottle design probably cost more then the contents.

I agree, there has to be a reason for this to be done at this odd stage in between normal financial filings.

Really, how much can it cost to audit a company with 2 employees that was operating out of a house that has minimal income and expenses for a small business? My personal tax returns are more complicated then that so money to bring this current was not a factor.

However, why now is a good point that you bring up? I agree there is a reason for it and I hope it involves the merger.

It is going to be quite a new fiscal year for Elite for sure...

Yaaayyyyy :o) Couch is here, a long time Elite LONG for sure.

JT stated in one of the prior CC's that he did not like paying for something he was not using referring to the second facility. FDA delays and Lodrane pull have slowed Elites expansion down for a short period but it certainly appears as if they are poised for much expansion now as evidenced by new hiring and pending launches coupled with the pending FDA approval of the new production facility which should pass easily IMO.

Good point and you are much more knowledgeable in this area then me so thanks for sharing your expertise. Obviously these studies are not as costly as phase 3 clinical trials and from reading, Elite will probably take existing approved opioid products and make generic equivalents using 216? These would not require full phase 3 trials?

Just expressing my opinions and observations concerning the stock as a shareholder. Pretty easy to see the historical pattern here which is being attempted for a 3rd time with little affect this time at all. Real investors have learned from the previous two and will not fall into the game again.

The BOD explained exactly what modular means by stating that 216 can easily be applied to any opioid product unlike the current and failed attempts from other companies that use the one bead approach. Elites 2 bead approach is modular in that it will be used for virtually any and all opioid products. A true game changing technology that puts Elite ahead of the curve and is patent protected so no other pharma company will be allowed to use this approach. I equate this to that little computer chip microsoft came up with a patented a few decades ago which gave them absolute control of the technology and the market place. Bill Gates started that in his garage right? Small little start up company with a vision and an idea. Not so small anymore though.

Now if the CHRI deal goes through CHRI BOD essentially takes control of HBRM although the name may be kept (temporarily) following the merger and they decide to not go the viagra vodka direction what happens to your speculation for fall at that point?

Are there still milestones pending which will give Epic more shares?

Question is - What are they going to use this funding for? Their in house 216 studies? Are they just going to keep it as back up funds in case it is needed?

This will probably coincide with FDA approvals for launches of other products. They said they do not need the second plant open right now with current production but as that production increases with FDA approvals then the second plant becomes a needed necessity.

I have explained this multiple times. I have not absorbed a major loss until I sell. I don't like the fact that I was not thorough enough in my DD and got caught in the PnD. I am hoping (not very optimistic) that the CHRI deal actual goes through and a slight spike in PPS follows .075-.015 IMO. This will allow me an exit point with a minimal loss rather then a major loss.