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My attempt to be polite.
NASDAQ, Lasers or Couch: Did NH state that we are still on track for having at least ONE ART/ADT opiod with the FDA THIS YEAR.?
She said--and i quote--"they are renowned industry experts".
Dianne did not say our investment would be rewarded, i said it! Dianne said only that the evaluators are "renowned industry experts" with several published books on this subject.
However, since Nasdaq has just reminded us that "We are still on track for having at least ONE ART/ADT opiod with the FDA THIS YEAR. That ones good for $3-5", i feel that's good reason to feel confident that our investment will indeed be well rewarded $$$$$$$$$$$$$$$$$$$$$$$$ ELTP!
QUOTE: "I will sell small amounts at .12, .24, .50 etc. to free up some cash that I hope I will be able to put back in below my average sale price so as to increase my holdings. "
Doesn't that indicate that you expect the price to drop after you've sold some of your shares?
DIANNE CALLED ME regarding the evaluation of ELTP made by an independent company and reported by our CEO to be worth approximately $2.00--right now, prior to ART launch. I had left a voicemail for Dianne asking her to tell me the name of the company or at least to tell me why the name had not been and/or could not be disclosed.
She returned my call, saying that all she was at liberty to tell me is that the evaluators are "renowned industry experts" with several published books on this subject. As to why she couldn't say more, she cited "confidential reasons" as well as other reasons such as that if the name were disclosed, the company would probably get a few thousand phone calls.
Of course, this report will not satisfy those who already have no confidence in ELTP but for those investors who do have confidence--because of the amazing list of accomplishments already achieved and because of the clear focus and demonstrated commitment of our CEO--Dianne's statement is further confirmation that ELTP is indeed a very valuable company which is rapidly attaining its goals and that our investment will be rewarded $$$$$$$$$$$$$ ELTP!
Selling @ $.12 isn't exactly a great show of confidence in KBLB's allegedly shining future. Aren't you one of those predicting $1.00 this year?
Agreed, but if there were to be a partner acquired before the vote, there would be no need to authorize more shares because the purpose of authorizing more shares would have been accomplished already.
That's all i was saying.
We are very lucky that NH and JT have so much skin in the game!
It's been pointed out on this board several times that numerous highly successful companies have far more shares. (Some of those companies have been named but i forget what they are).
Agreed, but you seem to have missed the point of what i said--which is that if there is a partner before the vote (oh joyful day!), why would there be a need to authorize 300,000,000 (or any other number) more shares?
Apologies about using the word "gazillion". Frankly, it happens when i forget the exact amount and/or remember it but think the actual number sounds even worse!
Please understand that i am a committed Long, as much so as Couch, Lasers and the other Gurus (the word i initiated on this board, btw).
The issue is perception, not logic, rationality or reality. Anything that hints of dilution or making dilution an easier option, scares skittish investors. And tends to make the pps go down.
However, as i already said, i believe that would be just a short term drop since ELTP has the right stuff and i believe very strongly in its success.
If there is financial or institutional partner before the vote, then why would there be any need to authorize more shares, since the purpose of the authorization is to gain bargaining power in negotiating with a potential partner?
Hard for me to believe right now that the pps will be much higher before the vote but i would certainly love for you to be right!
What great news are you expecting ahead of the vote?
Could be dropping in anticipation of the proxy vote to authorize additional shares...Of course it could (and probably will) go down even more--maybe even much more--after the Proxy vote authorizes a gazillion additional shares. Because many investors will just see it as dilution regardless of the purpose of the authorization, which is to have more bargaining power with a potential partner, because it means ELTP could fund all the trials on their own, not have to accept a low-ball offer from a potential partner.
But if the authorization really does speed up getting those ART drugs on the market, it will be great for Longs ultimately. Maybe as soon as fall 2015. For someone who is convinced of ELTP's ultimate success (and i am one who is convinced), the falling price will be seen as a buying opportunity--if they have any $ left to buy with, that is)...
This is why it's so important that they hold 40% approx of the shares--so if they did something that would hurt us, it would hurt them too.
You mean "slap the ask"?
Sorry i can't call her right now. No phone here.
Sorry to say it, but i think that time will be right after the Proxy Vote to authorize a gazillion more shares--because, regardless of the actual value for ELTP's goals of funding trials alone and/or with a partner--the market works a lot more on perception and emotion than on rationality.
Will do.
It would add to credibility, for sure. Might help PPS too.
I think the issue of what company evaluated ELPT as currently above $2.00 also needs to be clarified.
Dark markets may be more harmful than high-frequency trading.
http://finance.yahoo.com/news/dark-markets-may-more-harmful-044748628.html
There may be a more serious threat to investors than HFT: the increasing amount of trading that happens outside of exchanges. And this problem could cost investors far more.
Has anyone asked Dianne the name of the company that made that evaluation of ELTP at $2.10 - $2.75?
And/or asked her why it has not been revealed and/or why it can't be revealed?
QUOTE "Based on EFFI's float, if you compare it to FRT#, EFFI should trade at about 10X+ what FRT# does, which would be .60+:) "
If it "should" be trading past $.60, why isn't it?
NH said he wanted to wait though did not explain why, so far as i can recall.
NH said no sale of Novel for a long time. (I forget the specific. Don't know why he wants to hold on to Novel when we need $$$ to do trials, that will get us to $$$Launch of 1st ADT$$$. Any ideas?
QUOTE: "Horrible close".
If ELTP had gone slowly and steadily from approx .1125 in January to approx .37 today, everyone would be happy and saying that ELTP is the best thing since sliced bread.
The reason many people are upset (even those that never bought above .37) is that it shot from .1125 up to .97 and then slid back to .37 where it is now.
So maybe we should ask: what made it go to .97 in the first place? and aren't the fundamentals of the company actually much better now than they were then?
Did your friend tell you why MRK is not interested in ELTP?
Great Post!!! LOL LOL
The trials have to happen for us to launch the first $$$$ADT. The funds for those trials have to come from somewhere. If it has to come from the additional authorized shares, so be it. I would much prefer a partner however.
Yes that would be ideal imo--ELTP and EPIC merge and then partner with Activas. One Big Happy Family!
If either method brings $$$$$$$$$$$$ to ELTP, then fine either way. But i prefer the security of having a Big Pharma Partner.
Eltp could make more going it alone IF AND ONLY IF they could get as many sales as they would get with Actavis handling everything.
I say it's better to be secure than greedy in this big bad market. I would be thrilled to have Actavis as a partner, their interests aligned with ours, PPS would rocket ship $$$$$$$$!!!
QUOTE: "How would raising the share price with a R/S bring in money for Elite to continue trial's ?? "
R/S would artificially raise PPS to a level where we could get off this horrible OTC board dominated by MMs and get us on to the Nasdaq where institutions and funds could buy in. The PPS would continue going up from there.
But most of us Longs do not want R/S. We know that PPS can go sky high on its own steam, once launch of 1st ADT (1st of 15 ADTs) takes place.
Moxduo is NOT ADT (or ART). It's controlled release of the opioids but there is no mention of any sort of abuse deterrence built in.
I disagree. ELTP needs funding for the trials that will ultimately launch the ADTs. If they can't get funding via going with a partner (which requires a "YES" vote) they could artificially increase the PPS via a R/S and thereby institutional buyers could buy in and get us funding that way.
But do you want an R/S? I sure don't!
If we are Longs, we should trust our CEO to make what he considers the best choice, and that choice is: VOTE "YES"!
FURTHERMORE, REMEMBER THAT NH HAS FAR MORE INVESTED THAN ANY OF US, AND HE WANTS TO PROTECT HIS OWN INVESTMENT! To accomplish what all of us Longs want, he asks us to VOTE "YES"!
ELTP VOTE--If you have any questions or need assistance voting your shares, please call our proxy solicitor, Morrow and Co toll free at 855-251-9340 or Dianne Will, Investor Relations for Elite Pharmaceuticals at 518-398-6222.
There is some difference, actually: i.e. more patents, top-notch new hire from Actavis, closer to trials, closer to launch of ADTs, closer to$$$$$$$ELTP$$$$$$$$$$$!
QUOTE: "THE PROXY VOTE Discussion is Coming!!! ~~~~ and SOON it will be time to VOTE ~~ YES"
And the big issue to clarify is that--contrary to many peep's incorrect assumptions--the authorization of more shares DOES NOT mean dilution.
Why NH and JT are asking for this authorization?
What, exactly, are the benefits to shareholders and the company to vote YES to the authorization of more shares?
Is there any downside for shareholders in voting YES?
QUOTE: "What event, delay or failure would cause you to reconsider your investment in ELTP? "
WHAT IS YOUR ANSWER TO THIS QUESTION?
Let's hope you are right!!!