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Wrong. My average is .14 and I think NH and JT are great and i love ELTP!
I have never said a single word against the company and i appreciate that NH and JT are in the same boat that we are.
I still say we are being massacred. and i don't understand why.
Yes, massacre. How could you feel otherwise???
Just remember NH's 11,000,000 shares minimum, and JT's vast collection too...
These are the kind of times when it's nice to know the CEO is suffering like we are and will surely not allow this massacre to continue.
We need to hear GREAT NEWS!
the problem with the authorization of more shares is that it will be perceived as dilution and could cause another massacre. O
Besides discipline, Longs need $$$ to buy more! I would gladly do so if only i could! The question is what will stop this massacre? Only thing i can think of is a Great PR!
I hope so. Not likely by April 2nd however.
$0.26 sure! Why not $26, or even $56?
i.e. anything CAN happen, but is NOT LIKELY to happen!
Usually Epic's sales are to pay ELITE--so the proceeds from whatever Epic sells go right into ELTP' pocket.
Unfortunately, the public perception would probably be terrible even if it is actually good for company--perhaps leading to another hideous day like today...
'lasers' --there sould be some distinctions made among vastly different situations--ELTP vs Gilead, for example....
Never say "never"...previously, i would have said "never" to what we are seeing right now...
It it's not the gap, any ideas what is causing this continuing massacre???
HEIDI--If one share will fill the gap, should i sacrifice one share and end this insanity????
'IB_'--ok, but can you please tell me if a sale of even ten shares would constitute "filling the gap"?
I have much confidence in ELTP longterm and i am green, but this still hurts!
The Gap--without it filling, there's always that looming danger. i'd rather get it over with now. But i'd like to know if a certain number of shares have to sell at that gap price in order for it to be called "filled" definitively.
The gap--if it doesn't fill now, maybe we'll have to go through this again @ .90?????????
HN said $4 on the first ADT launch.
Lasers--in terms of near term pps, are you concerned about the gazillion new shares to be authorized? Will you vote to authorize?
does it matter how many shares are needed to close the gap? If it's just a few, we could sacrifice a few @ .35!
Maybe it's gonna fill the gap @ .35 and then go back up.
Could it also be fear of the additional gazillion shares to be authorized?
QUOTE: "So if all promises are delivered this is a $4 stock."
Right, $4 when one $ADT is launched.
$4x15=$60 when 15 $ADTs are$ launched.
'm1999' --if you are so worried about the pps, wouldn't you want to get out ahead of us??? Makes one wonder why you are urging us to get out fast, hmmmmmm???
'runningwithscissors'--Thank you for your ongoing sharing of your DD!!!
'antdog48'--I think you meant to say "I seriously think NH, Camagro & ELTP are NOT in this to hurt their reputation or the shareholder."--right?!
Thank you for sending that wonderful thought into the Universe! Let's all visualize the manifestation of this beautiful thought!
(California girl...that's what we do here)...
Dec 31, 2013 ELTP closed at $0.12 !!!!!!! http://finance.yahoo.com/q/hp?s=ELTP
So, instead of freaking out about how much PPS has dropped lately, keep in mind HOW MUCH IT HAS GONE UP over a slightly longer period. Just getting started...
IF YOU WANT REAL FACTS ABOUT ELTP
Newbies and scared Longs, just read or re-read Post #86489 from Couch on 1/23/2014 (copies below) and take a deep breath, knowing you've got a great investment here:
If you've read through the two seeking alpha articles you went to the right place! Excellent overview of where the company has come from and where it is headed IMO. Both 5 star DD articles. I'll include a few other links at the end of this post that I think would be helpful as well.
No question uplisting to a larger exchange would be nothing but helpful to this company. The previous CEO and current chairman of the board Jerry Treppel addressed this very question about a year and a half ago. He said the Nasdaq is the next exchange and goal for Elite. The stock used to trade on the Amex under the symbol ELI with an average PPS of $4 and an all time high of $22.50 ~~ a very long time ago. Previous management ran the company into the ground with R&D costs and brought in little to no revenue except a line of lodrane products (3) that got pulled by the FDA in 2011 ~~~ just after I started buying my first shares in March 2011. The company delisted from the Amex to the OTC somewhere around April of 2009. Their abuse resistant technology (ART) has always been solid and although previous trials were nothing but successful ~~ they were a long time ago. Thus the renewed interest (2013-14) in the stock once the current CEO Nasrat Hakim renewed studies on their signature technology and what the company was founded on. Starting trials and Nasrat Hakim becoming CEO after leaving Actavis is what all the fuss is about recently. No hot air inflationary articles to be found. Just the opposite if you look around a little.
Sustainable?? The stock ran from .12 into the high .30's on very little news except the company starting FDA ART studies. What everyone is waiting on is positive FDA study news. That comes and IMO this rally is more than sustainable. Short run ~~ Maybe a pullback ~~ to what number not my cup of tea predicting PPS. I'll let a few of the other numbers folks speculate on how high ~~ I was told by the CEO himself $4 dollars is easily attainable with one ART product on the market ~~ won't come till 2015 though! This isn't a flash in the pan ~~ look at their website and see how many products the company now has out compared to where it was in 2011. Zero in 2011 and now 8 with 12 approved products pending site approval. That will take awhile to do. And the company has about 2 -3 times the amount of shares now then when I started buying. And they have some debt maybe 2 -4 million. But the company's upcoming Quarterly is do out Feb. 14 ~ should be the highest in the company's history. The company almost went of business in 2011 ~ but the company is a long ways away from 2011. Patents plural now in place, better management team, new CEO, funding for ART trials in place and the company is talking to Big Pharma about a possible deal in relation to ART trials.
Price target ~ I believe the CEO when he told me $4 is attainable ~ When? When the company puts out their first ART product and garners revenue off of it ~~~ as I have told anyone who will listen. 1 - 3 years before the real money here....and that is why you invest now....before the ART trials!!!
Any further questions throw them out. Its a great board here beyond the mentioned fog and your questions will be answered to the best of our ability.
Best,
Couch
http://www.earningsimpact.com/Transcript/84596/ELTP/Q2-2014-Earnings-Call#sthash.haOC8eH8.S4dFOaM9.dpbs
http://seekingalpha.com/article/1203841-elite-pharmaceuticals-ceo-discusses-f3q13-results-earnings-call-transcript
http://www.elitepharma.com/investor_relations.asp?goto=369
http://biz.yahoo.com/e/131114/eltp10-q.html
http://www.elitepharma.com/resources/Elite.pdf
http://seekingalpha.com/instablog/4199131-couch/1941422-elite-pharmaceuticals-eltp-intellectual-property-ip-and-the-right-to-devise-a-better-pain-killer
http://www.businesswire.com/news/home/20110412007011/en/Research-Markets-Chronic-Pain-Therapeutics-Market-Forecast#.UuHNKeD0BD0
http://www.prlog.org/11462476-osteoarthritis-oa-pain-therapeutics-pipeline-assessment-and-market-forecasts-to-2017.html
http://www.elitepharma.com/product_pipeline.asp
The value of the co. at the end of 2013 is from $2.10 to $2.75, this includes all the UNDISCLOSED things we are not aware of. $4.00 is the value with the first ART launch which should be Mid 2015. (QUOTE FROM NASDAQ2020)
My question is: Is the correct term "ART" or "ADT" or does the FDA not make a distinction between the two?
My other question is: what is the cause of today's humongous drop? (not "dip" but "plunge")????????
A potential partner would most likely want to see our superior product actually be out there.
Rollin--ok, so in your scenario--if i understand correctly--it is a partnership that would give ELTP the necessary $ to fund the trials that are needed in order to launch the first ADT--is that right?
The additional authorized shares would just be a tool to accomplish the best partnership. (?)
But can there be a "proven product" without more $$$trials?
ok, so in your scenario--if i understand correctly--it is a partnership that would give ELTP the necessary $ to fund the trials that are needed in order to launch the first ADT--is that right?
The additional authorized shares would just be a tool to accomplish the best partnership. (?)
What has caused this huge drop today? Not just profit taking methinks but i can't come up with a reasonable explanation. FUD? MMs? NS?
But would $35 million be raised if the shares were not actually deployed?
Could someone please explain why the PPS was vastly higher a few years ago? I am grateful for the opportunity to have entered in the .02s but i would like to know what made that possible.
How much $ does the company have to come up with to fund whatever trial(s) are still needed for launch of the first ADT?
If it involves choosing between a huge number of more shares to be authorized vs a partnership, i definitely would prefer a partnership. Lower $$$ but still lots and lots of $$$. And much sooner and more securely.
OK but analyst said our value is $2.10 right now, without any ADTs at all.
'Hike' you say $2.10 but NH said $4--$5 on just one ADT.
How do you match up that very wide disparity in $$$???
Couch--Increasing authorized shares by 50% sounds like not so great for shareholders imo. What is your opinion?