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Well then maybe this couple hundred bucks I still own in this stock might still be worth a couple hundred bucks .....
So the shares we own are still live if another company buys the shell? For example, if a mining company buys this shell corporation do we then own shares in the mining company?
Maybe something in the new year?
Something is up
I'm a buyer at .10...... I owned this 2 reverse splits ago, lost on both, it WILL DROP to much lower levels next quarter, but I will give it another go because of the low O/S.....but won't put in much either way
MPID
Ask Price
Size
Date/Time
LAFC 0.155 5000 12/29
CSTI 0.155 5000 10:38
CDEL 0.155 5000 11:02
ETRF 0.156 47500 10:52
DLNY 0.16 5000 12/29
STXG 0.1628 5000 09:29
NITE 0.1628 5000 09:38
ARXS 0.165 5000 12/28
CANT 0.165 5000 08:30
VNDM 0.21 2500 12/29
MAXM 0.41 50000 09:30
ARCA 0.50 5000 08:00
Wall is built around ~.16.... it won't move until late January update
Uhhh let me think, there are other players in the pharma game, maybe some of the info is proprietary, maybe they don't want to publicly disclose their Steps to success before they disclose to the FDA, maybe they want to wait for all the minutes to be made public by the government body so that they can address all issues and questions that shareholders may have so as to avoid being called liars
They clearly stated that when the FDA release the minutes of the meeting they would respond with a PR sometime late January, do we also want the names addresses and physical descriptions of everybody that participated in there earlier studies as well? So far everything that was mentioned in their last conference call has happened, they said they would file and AN DA and they did, they said there was a meeting in December and there was, and now they tell us they're going to release a PR in response to the FDA's minutes regarding the meeting in December. None of that is a lie.
Remind me again what exactly did they lie about?
I'd love some .02s, if I could get my hands on some of those I could retire within a year....lol
ELTP :$$Could be a sleeper....
http://www.fda.gov/NewsEvents/Newsroom/FactSheets/ucm514939.htm
http://www.fda.gov/NewsEvents/Newsroom/FactSheets/ucm514939.htm
Straight from the FDA.... no IMMEDIATE RELEASE ABUSE DETERRENT OPIODS
This is a pharmaceutical company with products in pipeline, not a basketball manufacturer, EBIT isn't what give this company share value, they at least have earnings unlike other Pharma that only have expenditures research and development. The only thing keeping this low is really the OS, 1 billion, but this is a multi billion dollar platform IF approved, hence the speculation
Ok doc, who labels abuse deterrent IR pills?
Of course it's speculation if there was no speculation people wouldn't trade. No one can truly predict with the true share value is, if and when seaQuest is approved only the balance sheets Will truly show the value of the share price
Won't need a partner to market it the publicity alone being the first ever abuse deterrent opioid pill will market itself
OK what have they lied about?
OK Doc what if they lied about?
When you're trading shares of stock 20% is 20%. $10,000 invested going up 20% makes you $2000. It doesn't matter if The share price is $150 or .15 cents 20% of $10,000 is $2000 anyway you cut it. Most investors invest on percentage gains not value of shares......
Starting to gain recognition in media, A couple more articles like this to open up the eyes of would be investors and put this on peoples radars then this thing is going to fly.....
http://oracledispatch.com/2016/12/23/elite-pharmaceuticals-inc-otcmkts-eltp-pops-encouraging-fda-response/
I'm averaged in around ~.145 , 100,000 shares. Nothing too heavy, but not selling anytime soon. Gonna wait to extract my buy in around .25~.30 cents then ride the freebies.... I am confident it will ride well above that price but I have a rule, always take out original cost when possible and try to keep at least half of shares for free. Hasn't failed me yet. Elite is a company I would break my own rules for but I don't want to start bad habits...
Hmmm ...1 billion shares, $24 billion market (U.S. only), no other abuse deterrent competition = value of how much??? Definitely not .18 cents....
This is why this will fly upon approval.... the technology alone can be sold to make the entire $24 billion market abuse deterrent.
"The 300 million pain prescriptions equal a $24 billion market, Koffler said, but it's not a market evenly divided around the globe. Rampant use of opioids in the United States, which represents only 5 percent of the global population, points to a larger divide between affluent nations and the rest of the world when it comes to prescription painkillers."
http://www.cnbc.com/2016/04/27/americans-consume-almost-all-of-the-global-opioid-supply.html
To give you an idea of where the value of this company stands
"Prescription opioid abuse is not only costly in economic terms (it has been estimated that the nonmedical use of opioid pain relievers costs insurance companies up to $72.5 billion annually in health-care costs[20]) but may also be partly responsible for the steady upward trend in poisoning mortality."
They clearly stated they will follow up with PR after FDA releases transcript in January and are immediately moving forward with agreed solution.... they haven't lied about anything mentioned in conference call yet, why would they start now?
Why? We're already fully diluted lol
The news was released hours into trading today. A lot of people just read the news in the morning and then go about their daily work schedule. This is going to run first thing in the morning most definitely. I expect traders will be taking profit as will I but this thing is going to break into the 20s before the end of January most likely.
That doesn't seem to be written by an elite pharmaceuticals official representative, more so a poster on this message board
Where did elite pharmaceuticals state they weren't going to make a PR? Regardless of the fact, the transcript will be available in late January, you can call it smoke and mirrors but so far the CEO has been holding true to all of his statements
Imagine the value of this technology on all opioid drugs.... 1 billion shares seems like a lot for a simple generics company but for a company with seaQuest and the technology to make all opioids drugs abuse deterrent, even with 1 billion shares this company can be worth several dollars a share
I don't think people realize the magnitude of what's happening here, with all the recent changes in the FDA the approval of this new drug is almost as important politically as it is pharmaceutically and medically. Once approval becomes very clear The technology behind this is going to be worth billions not just to the stock itself but also buyers
Once people read this in the morning it will fly... would've been nice to have it released in the AM.... sequestox getting approved and this is at the very least a billion dollar company
This is actually huge. They get approved and we're talking HUGE returns
There are 52 weeks in a year, and the third week of December is the 51st week of the year, next week is the last week of the year.... meaning we are currently in the third week of December. What you are considering to be the first week of December was actually the last week of November. December 1 just so happen to fall on the last couple of days of Novembers calendar.
I see what you mean, not specifically the date of the 23rd, but rather the week
Where is it posted?
Your absolutely right, professionally, the company should have informed us of the exact date. It is, in my opinion, unacceptable to say or give any information that isn't concrete in a publicly traded company.
Third week is next week, the Sunday of the first day of this month was in November, making it last week of November..... next week is first full week of December
While volume is low compared to the float, there is still a lot of activity for a stock that has been silent on the PR end....I expect news soon.... hopefully good because there a few more I'd like to get into before end of month.
I am prepared, a stock can only go so low, if .03-.04 is the bottom I'll buy 200-300k more shares, I can't do that now, not enough dough lol