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The stock got rocked from .08 down to .05 due to a delay in the earnings release. A complete overreaction but that's the OTC market for you.
I'm on the bid, waiting for some bites.
Thank you for your posts. It is proof there is still $ to be made here.
Time to buy my 500k more.
I would have to agree with that. Anyone who wanted to get out already did when it broke below .05. If you look at a 5 minute chart on the day we hit low .03's you'll notice the panic selling occurring.
Now, what would make it interesting is if the market drives us higher after next earnings and those same people buy back in even higher.
Remember, the market does what least are expecting it to do. Having said that, how many people are predicting we reach those March-April levels again in the next ~30 trading days? We'll see.
I remember back in 2012 the price hit low .05's and I thought "Jeez this seems rough."
OTC land is 100x worse than big boards when it comes to impatient investors and those who can't think for themselves and focus too much on the short term.
Those numbers are always wrong. There are wayyy more than what is listed.
Nice post n2k.
Right there with you. Not many people are letting shares go at this depressed level.
Took me 3 1/2 hours to buy 7500 shares that was left of my 50k order placed at .05
Me buying 130k took the price up 16%. Good luck when people try to buy at the same time.
I'm trying to buy a bunch and just get jumped. Super thin out there.
I can't pass up the cheap shares. ~5-6 months from now I feel we'll be right back where we were in the .08 range.
BoL
Great DD as always n2k, a must read for all current and potential investors!
Being that Elite put $0 in the trial, the risk is 0 and the reward is huge.
NEXT!
Isradipine would actually be a 100% gift if the trial results are positive, since Elite has 0% money invested in the trial.
Agree 100%. Even with fantastic trial results, it would take time for Elite to see in increase in revenue from Isradipine. We won't just wake up the next day and have a xxx% increase in revenue.
If the stock is flat on results day, that doesn't mean anything in the long run, or if it spikes up.
Looking for some positive news for us and Isradipine!
I can guarantee you that you are incorrect, just believe me LOL
Good news, another building block in place for the bigger, long term picture.
Thanks for the write up, N2K.
I'm thinking things could get interesting starting late this month leading into April.
I did! All tapped out for now.
Copy and paste it, thanks. You can go back and review previous posts to find it.
You are looking at a completely different trial. We are interested in the STEADY-PD III results which come out publicly in May at the AAN annual meeting in Philadelphia.
I believe so.
The results should be positive and the fact they are sharing the data at the largest neuro conference in the country should say something.
Thanks for the update!
I hit the ask earlier for 100k and change, only got 65k of my 200k filled at .0975
No still need about 200k more.
More like because there's barely any shares for sale on the ask. Nice try though.
I'm on the bid.
That close set up a nice looking candle on the daily chart too.
See everyone on Monday, hopefully I can buy my 400k below .10!
Everyone watching the stock/company knows it, which is why interest and $ is flowing into it now.
Literally heard the same thing with .125 and .26 and look what the price did when it exploded higher in 2014.
I'm all tapped out until Monday, bought 97k today. Will buy 400k then.
499,500 bid at .09
I don't want to get suckered either though. In the nearly 8 years I've been around ELTP, I've seen little spurts like this before. However, this time it feels like there's something more behind it and might stick.
I could only get 50k. Getting 450k more is going to be a challenge.