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All I see here is a company with $1 million in cash, $5mil market cap, 20 patents, no debt, low A/S and a low float looking to do some business. Add the tax breaks, heavy players (Scott Asen) and all the big wigs accepting half of their salary in common stock valued at $1.30 and I'm sold. All we need is a PR stating they took on investors for "x" amount looking to do "y" and we've got ourselves a profit. I expect before the end of the quarter.
17.5 mil
It is 20 billion
Thoughts? This is the stock market, I'm a trader, not an investor. Sometimes you win, sometimes you lose, sometimes you break even. Nobody wins on every trade, just need to win more than you lose. I'm doing just fine. I'll be back when it's time to double down.
It like this company is hidden from the public. When do you think we might receive an update?
Thank you, really. And I will be back, no sense in letting $$ sit still, why not make some dough, increase play money (all OTC is play money you should be willing to use) and come back and buy double what you sold? At least that's the plan. Best of luck.
I did. Lost .01 on 130k shares, $1300 is a small loss. If that's huge to you then I understand your logic. Good luck, see you in a couple months.
this market isn't forgiving or patient. I exited @ .14, with a very small loss, will be back when I see the next bounce. There won't really be a catalyst until the next ANDA submission or positive sequestox update. I have full faith in this company, but I can use the $$ to play in other companies, make some dough, and come back for more. Good luck everyone.
The float here is so small you can't get an order filled, when news hits this thing will literally ROCKET, I got a sell order set at 1.90.
One can dream lol
Considering Scott Asen filed a 13g on February 1st indicating an 7% (don't quote me on the percentage) ownership in the company, I'm pretty confident we will do well. Also, employees accepted shares valued at 1.30 instead of cash as a form of compensation. I don't expect it to take too long to see a more than reasonable return on this. Wish I would have know about it sooner than I did however, getting in at .08 would have been nice. I'm in around .245.
Have to give a big thanks to Ash for sharing this over on $heffs board, I never would have known about it.
True, and I don't understand the delisting either, but low float and tax situation are way more appealing. I'm playing it like a lotto ticket. Dropped 2k on it, if it plays out I'm taking the wife to Europe.
I bought in based on the 20 patents alone. Hopefully it pays off soon.
Two things I take away from CC and Elite, this is no longer a short term flip for me and I will take this opportunity to STOCK UP ON CHEAP SHARES.
So we just have to submit the new study in addition to existing application rather than submita new application.... this is GREAT
You are clearly quoting the forward-looking statements that every company has to put out. You can pull stuff like this from any companies forward-looking statements disclosure, which is required by law to state that no promises can be made.
It's almost as if they halted it
Past practice has been after the close
It because the CC will be amazing, and they want to capitalize on the news.
The market makers are filling a massive multimillion share order at $.15 a share for about the last two weeks. I figure about 10 million to 15 million shares have been traded over the last 10 trading days at 80 to 90% sells over Buys, and share price hasn't moved a bit from around $.15.
"We need a 10 million share order filled at $.15 don't drop the price"
There might not be any milestone payments but very likely there will be payments from epic
2.2 million OS with 20 million in cash/assets???? Trading at .20?? Something isn't kosher. Either this is a golden goose or it's a Trojan horse.
Why the dump after the Amended statement of ownership, am I missing something?
What do you think the bottom is?
Thank you very much for the congratulations , I've been in since October, currently holding over 130k shares averaged at .147...... I'm aware there is risk but we are at the bottom as far as share price, maybe +- 10%..... I never put all my funds into the OTC and yes I can swing the 1500 but I've got a very strong feeling I'll do well here.
Got $1500 to spend ladies and gentlemen, hmmmm new TV? NO.... New ring for the wife? NO.... new colt .45? NO..... 10k shares of ELTP for my first unborn son due in 6 months to cover expenses of babies room?
YES
"$2.00 by end of 3rd quarter."
Yes, absolutely they will. Maybe I misunderstood your comment. You were referring to what he will be saying during THIS CC, regarding the end of this current quarter. I read it as referring to the 10-Q regarding last quarter. I most definitely agree, sequestox studies will be done by end of this quarter then immediately re-filed with FDA
Yes, absolutely they will. Maybe I misunderstood your comment. You were referring to what he will be saying during THIS CC, regarding the end of this current quarter. I read it as referring to the 10-Q regarding last quarter. I most definitely agree, sequestox studies will be done by end of this quarter then immediately re-filed with FDA
Yes but he's talking about this quarter, the 10-q is for quarter ending December 31st.
Elite Pharmaceuticals, Inc. to Host Conference Call to Discuss 3rd Quarter 2017 Financial Results on February 13, 2017
Financials for 3rd Quarter Ended December 31, 2016 will be released on February 9, 2017
NORTHVALE, N.J., Feb. 07, 2017 (GLOBE NEWSWIRE) -- Elite Pharmaceuticals, Inc. ("Elite" or the "Company") (OTCQB:ELTP), a specialty pharmaceutical company developing a pipeline of abuse-deterrent opioids and niche generic products, announced today that its third quarter financial results will be released on Thursday, February 9, 2017. Elite's management will host a live conference call on Monday, February 13th at 11:30 AM EST to discuss the company's financial and operating results and provide a general business update. Stockholder questions should be summited to the company in advance of the call.
Conference Call Information
Date: Monday, February 13, 2017
Time: 11:30 AM EST
Dial-in numbers: 1-800-346-7359 (domestic)
1-973-528-0008 (international)
Conference number: 98840
Questions: dianne@elitepharma.com by 12 Noon EST on
Friday, November 10, 2017
Audio Replay: http://ir.elitepharma.com/events_presentations
CONFERENCE CALL
http://m.ir.elitepharma.com/irpass.asp?ResLibraryID=82985&BzID=2258&L=1&s=483&G=939&Nav=0&t=1948
earnings on the 9th!!!!!
Worst case scenario is a whopping 10%.... which I doubt because we have money coming from EPIC now. I don't know about everyone else but when I factor in AS when calculating potential share price I always use 1 billion, even more than the actual AS.... they need to find something else to try and soil ELITE, it's an empty argument. Once 10-q is released this week they'll find something else.
Gagged for years? Lololololol
http://www.otcmarkets.com/stock/ELTP/profile
ELTP Security Details
Share Structure
Market Value1 $138,928,672 a/o Feb 03, 2017
Authorized Shares 995,000,000 a/o Nov 04, 2016
Outstanding Shares 905,662,789 a/o Nov 04, 2016
-Restricted Not Available
-Unrestricted Not Available
Held at DTC Not Available
Float 593,924,695 a/o Jun 07, 2016
Par Value 0.01
Transfer Agent(s) Verified by Transfer Agent
American Stock Transfer & Trust Company
Shareholders
Shareholders of Record 136 a/o Jun 15, 2016
Security Notes
Note = delisted from NYSE Alternext on 05/21/09
Short Selling Data
Short Interest 100 (100%)
I haven't been around that long but this is the email Dianne sent me
Dear Steven,
The Form 10-Q for quarter ended December 31, 2016, is due to be filed on or before February 9th. We typically use the entire reporting period. The conference call will be scheduled once we know when we will be filing. If possible, we will announce this before we file the quarterly release or with the quarterly release. Schedules permitting, we typically try to hold the conference call within one to two business days following the filing.
Best regards,
Dianne
Dianne Will
Investor Relations and Corporate Affairs
Elite Pharmaceuticals, Inc.
165 Ludlow Avenue
Northvale, NJ 07647
Direct: 518-398-6222
Email: dianne@elitepharma.com
This communication and any files transmitted with it contains information that is confidential and may be privileged and exempt from disclosure under applicable law. It is intended solely for the use of the individual or entity to which it is addressed. If you are not the intended recipient, you are hereby notified that any use, dissemination or copying of this communication is strictly prohibited. If you have received this communication in error, please notify the sender. Thank you for your cooperation.
Well if the order isn't filled, they'll keep it at .15ish........ quarterly update by Thursday then the CC early next week. Hold tight.
Lol, okay.
They're filling an order brother, ASAP
There's that giant bid at .15 again, I guess they haven't filled the multi -million share order yet....