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"We have survived, profitability is only one ER away and prosperity will follow."NH
Healthy consolidation before next leg up
The chase is on...
Sweet call! Can you guys just imagine its only the beginning? About time..
After .10 is the real chase going to begin
You can find the bottom as well as upper lines in ELTP last quarterly reports, as well as stay tuned for December Q filling as well.
Regards,
One of the many on this board future millioners.
Lmao
Someone talked about a "leak" here yesterday...today it's pretty obvious FDA has a leak or somewhere down the line..the sudden buying few days ago wasn't just because.
I'm glad I'm in good amount, so is my friend's per my suggestion.
GLTYA
I expect much higher..even with conservative 15x ratio forward earnings should be looking at around 0.28c
Agree. That's why I'm thankful for the chance to add all I can last few months..about to reach my million shares goal..
https://ibb.co/tXPRj3x
NH confirmed what I was thinking yesterday...no LPC sales until PPS improves. It's good to know that they aren't desperate to get $200k and sell millions of shares.
Another point I really liked from CC..I'll be interested in special interest shares, i would really like to see the proposal on that in December.
GLTY
With current 10Q numbers and future improved revenues, I don't think 170k is anything to worry about. Their increased cash on hand almost doubled that 170k. Not to mention any potential milestone payments coming in.
I get that if necessary to survive then they will have to sell even at .02 but I strongly believe they will come up with better plan B instead of selling millions of shares for few $
Tomorrow CC perhaps might clear up some of my ??s
From 10q:
"Please also note that while the equity line available under the 2017 LPC Purchase Agreement had approximately $36 million available for purchase of shares of Common Stock, the ability of the Company to access these funds is strongly and directly correlated to the trading price of Common Stock in the OTC Market. Accordingly, absent an increase in the such trading price of Common Stock, to a price that is significantly above the closing price of $0.044 on June 30, 2019, the Company will be unable to realize a significant portion of the remaining equity line through sales of Common Stock to Lincoln Park"
Don't think ELTP management willing to sell shares for .05 to raise cash, so it's not availability of shares to sell but the current pps is the problem. Hopefully starting Monday it will be history.
New Inst holder in ELTP, Citizens Bank NA
How much will it cost ELTP to perform the alcohol dumping dose pumping test and can it be done by dec 2019?
Most real buyers already in and adding cheap shares when they can. It's the chasers that are not in, and will push ELTP stock back up to same or higher p/s on 10x less volume. Buyers are always more patient than sellers, that's a FACT.
4 million shares traded..$270k roughly, no big players at all , just weak hands
Anything possible at this point
Market is overreacting over some simple delay of sec filing..they could simply take extra time to correct any accounting errors or recent change of accounting employees...selling off pressure like ELTP got rejected approval or filed bankruptcy.
Someone is reallly f**king with common share pricing of ELTP.
Not worried, added few today at .063
Actually you got it all backwards. Elite success = SunGen success, not the other way around.
Little info on ELTP partner:
"SunGen Pharma launched its first injectable product in August 2017. The company expanded its injectable division in October 2017 through the acquisition of a privately held pharmaceutical company based in Monmouth Junction, New Jersey. It currently has more than thirty products in its pipeline, and it has more than fifteen co development, manufacturing and marketing partners in North America, Europe and Asia."
Athenex (ATNX) and (GRAM) are few of the largest cap partners with SunGen.
ELTP&SunGen means $$$ for everyone, including shareholders
Funny, keep looking for single 100,000shares buy/sell transaction. But little fyi, order can fill partially through the day..anyway, few screenshots of my ELTP purchase today. Not sure how to upload images here so here is the link.
Finally! Order to buy 100,000 shares for $.099 filled today. Time to go up.
best CC as of yet!! (Don't know why NH even had to come back online to answer the last clown..)I didn't post anything today because i missed the CC call due to having my own conference call with engineering team. So i had to hear it with my own ears whats so horrible happened to drop pps by 20% and after listening audio replay few min ago I must say next: I care less what games flippers play but I'm so excited of the very recent success(particularly OXY IR being approved and ELTP gets 15% cut for 10YEARS!), facility construction, getting it ready for ELI200 lunch, NDA filling by year end, more generics coming...Damn to much to list, that at this point I don't even care that PPS retraced from highs today. A whole lot bigger run is just around the corner and the only thing flippers will do is make it more volatile and add more fuel for the lift off. Good luck longs!
"Bless your heart" ...there is such saying in southern US, ..well you figure it out the rest, I don't argue with trolls.
i would add one more question, maybe even move it up to the top of the list: with the Epic 15mil milestone in few payments why are we STILL diluting the outstanding shares/? ....i have a problem with this because seems like they(the management) balance out the dilution effect in their accounts by awarding them self warrants that they will exercise in .06c or so(dont remember exactly), however our percentage of the CO,. keeps getting smaller, unless we add like i did in .20s
operating lease? there is notes in f-00 numbers, can you tell me what note page you looking at
with that revenue along ELTP should be trading at 0.70s area. 1 of the reason it isnt doing doing that right now because all revenue and then some being spend/INVESTED on R&D instead deposit acc.
Yes, happened before.
Thanks! Looking forward to another great Q and some more surprises from ELTP team.
Step by step closer to Nasdaq uplisting...to have 100s of thousands shares and then sell to open covered options each week/month for the current PPS...I got no words but - WHAT A GIFT IT WAS few weeks ago.
So, we got Ph3 results 2 days after I posted that the PR is coming, I was wrong about NDA but makes no difference whether it's filled in Oct or Nov..IT IS COMING.
Elite Pharmaceuticals, Inc.Corporate Event Announcement Notice
October 20, 2015
By Bloomberg
Expected next earnings release:
Announcement date: 11/9/2015 - After Market
Earnings Quarter: Q2
Announcement Status: Unconfirmed
Phase3 results will be posted along with NDA filling..in IMHO ofcourse. Also that was ELTP trend lately, to PR few updates at once.
Nobody is selling or shorting, whoever wanted to go long - already own it. Explains low volume..added 14k shares today.
and, 15x is to low Forward multiple for BIO stock..the range usually is 35-40xEPS
i meant you take 70mil/995mil=.07 net income / outstanding shares ( and by the way 995mil is currently just authorized, not diluted yet)
you didn't get the point! you dont divide # of shares by # net income, its other way around !
EPS = net income / average outstanding common shares
For example, McGraw Hill Financial Inc (MHFI) reported first quarter 2014 net income of $248 million and had 277.2 million average shares outstanding. To calculate EPS, investors can insert these figures into the EPS calculation:
EPS = $248 million / 277.2 million = $0.89
Read more: http://www.investopedia.com/ask/answers/070114/what-formula-calculating-earnings-share-eps.asp#ixzz3icq9EqHW
Follow us: @Investopedia on Twitter
yes he will
i thought about this yesterday and today in CC it was confirmed!!> You don't invest/pay 15 millions in milestone payment to get 15-50 millions in revenue. as it was mentioned in very beginning CC 15 millions is a small fraction compare to the actual revenue numbers coming from this Epic/Elite deal.(at least 100 to 200+ m) ... As for Elite, same thing, you don't invest tens of millions and spend years on R&D to just double your revenue.