pagiantmetknicksfan@yahoo.com
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I am not selling until $5 either.
In case anyone was wondering....
There are numerous drug launches pending. Most have only one competitor. The money is going to Epic to pay for launching these drugs to bring the revenues to Elite
What is with the move and volume today? Something new?
Trials expected to start here very shortly (any day) and expected to be positive ....for $2.7 Billion dollar product
Once a day also expected to start - $800m product
Patent due
Drug launches due now
Drug approvals due now
Partnership expected etc...
What is their ART product?
Good luck guys. I am out. Hope it works for you. Not a fan and what I noted I believe will be the case but I have been wrong before...
Not exactly. I have an interest in seeing the company settle their financial difficulties, get the dilution out of the way before I decide to invest or not. They raised the Authorized 50% for a reason....And this whole thing has looked like a pump to me to try and raise the PPS prior to the dump which would be the finance deal...
And the nasty comments to the debtors only reinforces my thoughts.
I don't hate the company or anything like that but this is truly simple math.
Their debt with the APRU acq. is a few million
They already have a million debt loss
They need at least a million to run all these programs
They currently operate at a big loss
$4m - $5m is roughly 40-50% of cap.
They just raised the authorized 50%
They will dilute. I already think the CEO said that before. They are not a charity....
My view is very sound. The contrary to my view has been to take things on faith...I don't invest on faith.
And 40% of the cap to be made into debt which means more dilution. Where is that awful letter from the company again? That was the worst thing I have ever seen from a company. He is so tough with those debtors. If they don't like it...he will write another letter...lol
Because they are making candy chews they will sell at circle K.
But you have to take it all on faith...
Also a horrible balance sheet. One of the worst I have seen.
20k gross profit
100k Operations
No Cash
They bleed giant cash - $900k cash loss just the past what 9 months?
ANd now more debt and they need cash to move forward with all these big plans....
And they just raised the A/S 50%.....Wonder why they raised the A/S 50% if there was not going to be new dilution? hmmm?
Oh yeah huge....Gonna be huge...making chews...First they have to pay those debtors and get some cash though.
I am waiting for the converible dilution coming soon to pay for the $3-4 million in debt and the operating expenses from the massive losses and future growth everyone is talking about.
I don't really worry about competition in this space. The market is so big and I don't expect Elite to get 100% of it.
Heck 5% of it and the stock trades in many dollars...
There are a few serious comps though. Nasrat noted on the CC how there were really only a couple that would make it due to IP and other issues.
Pfizer will have their one bead (Oxy and Embeda)
Purdue has their physical property drugs
Then there are a few other players with some interesting ideas but very unproven and likely defeatable.
Note how Nasrat is going after so many products right now. More then anyone as far as I know. The key here is simple and that is Elite is just more modular then these other products. If Pfizers one bead was so great, why is there only one product seemingly in trials. Why not many like ELite is going after. Part of it is money. Pfizer wants the big returns like Oxy as do others but why not Hydrmorphone, Fetanyl etc...?
Elite's methodology is based on pretty simple science and chemistry so it is hard to defeat and it is modular so it can be sort of a plug and play...
The best way to think of it is as a drug delivery system more so then a new drug. It is basically generic drug making and including the identical looking Naltexone pellets...
Like I said all taken on faith. Expenses are going to be fantastic too....
20k in gross profit. 100k in Ops expenses...
900k loss thus far
Not according to their filings....Show me their revenue numbers or is this faith again?
The CEO wrote a neat little letter attacking their debtors and people that disagree with him. So there is that.
A lot of drugs pending launch, approval etc....A lot!!!
There are no real revenues and lots of debt and big negative cash flow but we have faith. All facts
Come on LVVV!!! You can do it!. I know you can!!!
It is a marathon. Not a sprint....But lots of games...
Pivotals should be announced here shortly, patent, and probably some more items.
looking good today LVVV....
Except they are getting the debt too. They are buying APRU but also the debt....It is like buying a car but it needs a new engine. So yeah you bought the car for $1500 bucks but the engine will cost $3500.
They have been dark since 2012
Then the CEO is even further full of crap. DO I need to post the PR from the APRU acquisition. Or from that awful letter from yesterday?
See now we are asking real questions. I doubt the 10%. If APRU is really worth anything and LVVV really wants it, they will pony up the shares....Sounds the like CEO is trying to talk tough to impress the debtors just like I noted yesterday. Also seems based on that silly letter that was sent out, he was getting push back on it.
If he was getting a sweet deal, he wouldn't have been trying to rub it in their face and acting so tough. He would be kissing their rear ends.
This is awesomeness - Where is the link?
But here is my favorite part in bold below. They are buying the debt but not taking it on. With what coupons? How does one buy the debt but not take it on? To buy debt means you pay money for it. Means you took on the debt....And they have negative cash flow so they only have debt and more debt and by the looks of this and their curent balance sheet, that is 30% of their cap is debt that needs to be paid before they talk about cash flow to run all these things everyone is talking about. So figure a million or two for that. Which makes the cash needed 3-5 million dollars or 30%-50% of their cap...Which means drum roll....There will be dilution to the tune of the same %....or they hit the lotto
ANd my favorite part, still not saying where the cash could come from. Again, they are not a charity...
There are five investors who hold the notes. The maturity ranges from 2008 through 2010, and they are all past due. As part of our strategy, we plan to buy these notes at a substantial discount and retire the debt. The largest portion of the liability is something called the 'derivative liability portion of the convertible note', which is not actually debt owed, but is a calculation of what the stock issuance would be if there were stock issuance. It's a normal calculation for convertible notes, and when we
settle the note, this will go away as well.
LiveWire is not taking on this debt. We structured this transaction specifically to ensure that LiveWire did not assume any of this debt. LiveWire is going to work with Apple Rush to restructure this debt and ensure that it does not impinge on any operations going forward.
Really. So tell me the number then.
Their gross profit is 20k / Q
Their operating costs are 115k / Q
Their loss for the past nine months is $950k
And they want to ramp up with no cash, no finacing, and taking on even more debt
Their inventories and receiveables are negative.
And $927k in liabilities
The company has a $10m cap...
and no one knows how much more debt since and no one knows how much acquired from this APRU deal....
So with this balance sheet and income statement data, what kind of financing do you think they are going to get?
8k? For the month old news that started this pump a while ago? I read about this and APRU before. Looked at the company. That is why I keep saying the smart play is wait for the financing, the deduction in PPS and likely sell off which usually accompanies and buy the shares then.
Until someone can tell me where all this money is going to come from, and how much is actually needed for debt and operations and ramp up, there is no meaning to anything that has been noted here.
Then you are left with a company with massive losses to revneue 4:1....And that is better? There is no magic math here. Not taking anything on faith. On paper it looks awful. They need financing and it will constitute dilution.
You think they local bank is going to give them a nice low interest loan? lol
For the record I am asking real questions any investor should be asking
Revenues
Costs
Debt and liabilities
Cash flow
Cash on hand
Assets
Share count
LVVV looks bad here. The only answer I have gotten on these is have faith. I don't invest on faith.
Then the company releases a pumping letter attacking the debtors that own their debt. Who does this? And they even admit they don't know how they will handle the debt and it is not even 100% that this APRU deal will be finalized. And based on what we know, which isn't much, there is no way to decide if they should or not.
Yeah it was in the "news" pump letter from the company you posted yesterday.
Simple questions
How much debt do they have?
How much debt does APRU have?
How will they refinance all the debt?
Answer to question 2 is no one knows since APRU has been dark since 2012
Answer to Question 3 is no one knows but financing deals don't come pretty with companies with no cash, losing at a 4:1 rate as revenues...
And they want to ramp up production for all these products which means they need even more cash. A lot more.
So what will be the terms of any such deal? Heck even real, quality companies give significant discounts off the PPS....
What does on paper going bankrupt LVVV deal going to look like?
LOL. ok. Now restructure that debt, dilute the shareholders, have faith....ok
Say how much debt do they have and how will the restructure it?
Answer is....They don't even know
The big problem is you don't know what you are investing in. WHat the risks are. What is the debt. Maybe the deal won't even happen. The so called "news" yesterday reflected some nasty comments to the debtors which is unprofessional and bad business....even if you think it, you don't say it in print.
They will have to dilute and it will be a lot because the cap is so small, it will reflect a large % of the cap meaning your shares will be worth a lot less. Instead of making nasty comments, he should tell you what he is going to do and what the actual obstacles are in real numbers.
Instead he is pumping his own company but not really telling you what you need to know to make a sound investment decision.
As I have been noting it is all about taking it on faith and bad math....And you know the dilution is coming. Seems he wants to pump up the price so he doesnt take as bad a beating on the financing.
Again, SHow me the numbers. I see little revenue and high expenses in the filings. Are there secret filings somewhere?
If it is going to dollars why rush it? Lets hear about the big debts and mess they have to deal with, wait for the dilutive financing to shake out and buy at the same price the financers will get to buy at which will set the price of the stock. My guess is far lower then here obviously. Then buy away but be quick to look for an exit as convertible dates approach.
ELTP has 20 something FDA approved drugs and generates cash flow. It is a spec BIo tech with excellent trial results and more coming and starting on billion dollar drugs.
LVVV is a candy chew energy company with tons of debt and almost no revenue and just made an acquisition bringing more debt. Not a terrible product but they will have to heavily dilute to get it off the ground.
Will they make money? No one knows but they will have to dilute to even make a good show of it. Wait till they announce the financing at much lower prices, buy the dip and flip it. That is the smart play. All I see is pump and dump on old news.
The company has no money and has to announce a massively dilutive deal to fund these things. I keep asking over there how they are going to pay for it all and all I get it faith. Their recent acquisition was old news, thus the run up, prop up on low volume and now the stock needs bag holders....
Seriously ask them on the board how they are going to pay for it all and the only answer I have gotten is faith and bad math....see for yourselves
Everyone here agrees there is large debt. Everyone agrees it will cost quite a bit of money to ramp up. No one knows how they will finance it all these needs....but OTC stocks with terrible balance sheets with new acquisitions with even worse balance sheets have limited options. Anyone that has ever invested in a penny stock understands this.
There will be convertible financing as a deep discount to PPS and the company will tell you if they get enough revenues they can stop the conversions, which they won't be able to do.
Then the PPS will continue in what as known as a death spiral...look it up and they may make it or not but at a deep loss to current long term investors.
SO show me their entire salary agremeents as you note below
"All other details of our employment agreements shall remain in full effect. "
Again, they will make loans and defer and then get paid in shares when the shares are worth far less. Thus they are using it as convertible loans for themselves...
How come there is no answer as to where the money is coming from?
I keep asking real questions and no onse can answer them