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With this week including a holiday, unlikely we hear about the antibiotic. Maybe next week.
That could be our haul the first year we're selling it. After that we should see a steady, substantial rise in market share.
All being conservative of course.
Thanks for your input n2k. Looking forward to a nice December with the rest of us shareholders.
No question if we get the CNS ANDA approved next month the stock value should increase substantially as Elite pulls in the revenue from it. How much the stock rises...that's up for everyone to interpret themselves but I know it'll be enough to make it worthwhile to own shares. ;)
If we get the XR ANDA approved next month, I think we'll be seeing some mighty nice looking quarterly reports next year.
Great revenue #!
Hopefully we have something to celebrate this December!
Stock has to consolidate after the move we saw yesterday; it's healthy in the long haul. It's good we saw 6 million + again today.
With the ER Adderall ANDA slated for approval in December, times are changing here for the good.
$1.6 billion market value, 4 competitors.
Another nice day here! Value starting to return to Elite shares.
Major milestone is the pending approval of extended release adderall, coming December. $1.6 billion market value, only 4 competitors.
Welcome back; I agree another run up with the share price is coming. My bet is sometime in the next 6 months. Not saying it's going to quickly run to .97 like it did in 2014 but I feel in 2020 Elite will start to see some tremendous gains return to the stock price. (And this time the gains will hold due to increasing revenues, especially with the CNS ANDA in December)
Nevertheless, the stock is severely undervalued and plenty of major events with the company coming up to get us heading North.
Good luck!
That's really not going to work around here, sorry. We have XR Adderall PDUFA date for December; $1.6 billion market with 6 total competitors. If anyone was going to flip out and sell, it would have been in the .03's 2 months ago.
You're going to have to hit the ask for shares bud.
ELTP up to the #24 most read board today; new eyes watching.
Nice day here, closing above the 200 day moving average.
That would be a nice surprise but just give us that December approval and we'll be smiling.
Nice to see you around. Should be a good ending to 2019 for shareholders.
Resistance around .078 is/was expected as it's the 200 day moving average. It might take a solid PR to get us above it and stay above it but when it happens .10 should come quickly after.
If Elite delivers with the approval of the ER CNS ANDA in December, expect that to be a major catalyst to lift the market cap of ELTP to a much higher level with time.
Nice looking afternoon.
.06's are holding well, due for a nice pop.
Lots of short covering I'd assume as well. LCI has been hammered hard recently.
I wouldn't hold my breath on getting it approved before the December date. If we get it approved in December, not only will it be amazing for the company and revenue numbers but also to solidify confidence in Nasrat and his guidance going forward with leadership and what he has to say during conference calls.
Confidence in a CEO goes a long way in helping the share price rise in value.
Expect more and more growth out of those existing products and especially the ER ANDA being approved (fingers crossed) in December!
Good call today; I'm looking forward to seeing revenues rise moving forward and getting those pending products approved as we close out the year.
I'll be ready if those normal "sell the news" tactics show up again today.
#12 on most read boards currently:
https://investorshub.advfn.com/boards/most_read.aspx
We'll see. I feel a lot better after seeing these numbers. I think a lot of people will say the same.
I'll say this. I'm only a very small part of the market but I am looking to buy an extra $15k worth of ELTP. I was waiting to see how this Q would go and if the increase would be in line with what was said before (it exceeded it). I'll be looking to scoop up anything near .05 or in the .04's after seeing Nasrat keep his word for this Q.
If Nasrat can give us those two items...IMO we finally will see an appropriate share price around here.
Here's hoping!
Give us the triple and an approval in December, $.
Solid report today; looking for Elite to keep growing revenues Q after Q from here on out.
And what would the P/E Ratio be in that scenario? Quit making up random figures.
Very little selling. If someone wants to buy 200k, or whatever, they have to hit the ask.
Is that you that keeps jumping my bid?
I've never had this big of an issue finding a big seller to give me shares (Of ELTP). It's tight out there.
Pretty simple right now. Stock is severely oversold and tons of people got scared below .05 and are trying to buy back in while very few are interested in selling at these depressed levels. The people still holding shares aren't going to sell now boys and girls...hence the PPS goes up. If they didn't freak out in the .03's then they're not freaking out in the .05's
All of that equals a rising bid and a rising ask/difficult scenario to buy a several hundred k share position back.
It was tougher to buy shares this week than I've ever experienced.