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What if the facility burns down? What is Nasrat has a heart attack? What if Nasrat is a Spy brought here to get Americans addicted to Opioids. What if....?
If you are worried about the trial results, don't buy the stock. I am personally not worried at all. They went into the second product as a pivotal trial without even a pilot study first. They would have to be awfully confident in their formulation to do such a thing.
Took me thirty seconds with google and it is not rigamarole....in fact it is common. hmmmmm...
http://www.investopedia.com/terms/a/anti-dilutionprovision.asp
Definition of 'Anti-Dilution Provision'
A provision in an option or a convertible security. It protects an investor from dilution resulting from later issues of stock at a lower price than the investor originally paid. Also known as an "anti-dilution clause."
Investopedia Says
Investopedia explains 'Anti-Dilution Provision'
These are common with convertible preferred stock, which is a favored form of venture capital investment.
Maria,
I have experienced very similar situations in the real world as to what is going on here. It is simple. Answer my question
What are they relaunching and why is it based on Windows 7 and windows 8?
And who is that customer base?
And why was your husband let go from the company?
Ask Maria to answer my question and then it might add up.
So Maria,
Once again you just proved just how this stock may blow up. Notes the customers, and we know they are huge ones and notes they are requesting the updates. Maria, tell me this one answer. Why are they focused on windows 8 and windows 7?
The relaunch will be really focused on Window 8 and Window 7 because thats what the people are requesting as we speak.
Trial results due
Drug Approvals due
New Drug Trials starting shortly
Approved drugs pending transfer and Launch
Patent award to be announced soon
Financials should be excellent - due in 48 hours
Huge CC on Tuesday
Better?
The 1500 was from the quote from earlier. Have you heard of Texas instruments Maria?
BTW, why was your husband let go from the company? Did he receive a bunch of stock as part of his release?
That is not true. Once s/w or equipment is embedded it is quite difficult to change it out at times. Requires testing, validation, beta testing, rollout, bug fixes etc....
The answer was posted earlier already. I will give you a hint. It doesn't work on 7 or 8....yet
I made a billion dollars, cause I am long, short, trader long term investor...really I am ...Believe me....LOL LOL
Also I don't care....LOL
He already answered Slojab
http://www.businesstalkradio.net/weekday_host/Archives/bbs.shtml
Exactly. Maria just proved just how valuable this company is.
So where are my answers?
Texas Instruments? Western Digital? HP?
I am going by what Maria posted. And the interview from today.
1500 customers huh?
Seems if I believe the CEO and do not believe Maria, WAFR seems like a very interesting investing opportunity. If I believe Maria, then Cyril does not know what he is talking about even though his background obviously makes those claims seem ludicrous....
So in this case I believe the CEO has the credibility.
Your quote Maria.....Who do you think the "the people requesting" are anyway.....interested customers it would seem and who are those companies again that had the s/w? hmmmmmmm....I think we have covered this haven't we?
The software is used to all the hardware to test any kind of hardware so the you know we talking about HP, Dell, you know the big hardware companies and because of this software they will be able to get any kind of report for issues [or] [all?] mistakes and fix it. The relaunch will be really focused on Window 8 and Window 7 because thats what the people are requesting as we speak.
So if they have 1500 customers and the list I have seen includes Western Digital, Texas Instruments, DOD, among some of the larger ones they the s/w needs to be updated. And it is WAFRs s/w it would seem there is a lof of money for WAFR to make....
And if they are focusing on delivering the s/w which you said they were not able to do but the CEO just told you they were.....See the solution?
What happens to the stock price if they are able to deliver the s/w to these giant companies?
Plus now new revenue streams.....hmmmm
At .001 seems like a no brainer...What was your point again?
So HP and Dell among others require WAFR software updates.
Maria, how much in revenue you think they can bring in with these windows required updates? 50 million?
Maria,
I did not know some of that. So if they owed 500k plus interest and received 1.5 million.....
They could pay off their settlement and have money to move forward now and they would own all their previous rights as Corewafer Systems had before. I believe you just proved just how valuable the company is right now although that might not have been the intent.
And if the company has all their rights to move forward, then they can develop the software updates required for their currently embedded software....
And where is this software embedded? In some of the largest companies in the world. Isnt that correct?
Curious. When your husband was let go from the company as you note in the stickied post, what was his settlement?
No. The USPTO has been correct. You have been incorrect. Although you did say that one bead IP was worth 3 billion dollars and Elite's patent that is about to be awarded is what? Oh yeah one bead...
So that is pretty cool but I think your estimate of 3 Billion dollars is a bit high.
Simple? I showed you the data previously. Pharma Sleuth is correct. Maybe search back to the initial approvals when I explained it and corrected these very same points that you are again making. In fact it was the correction of your points and explanation of why it was incorrect that was the same argument that put the patent into allowance and made by Elite's attorneys.
Not sure why we are discussing a 1.5 year old patent award though. Just read the documents again or search for my old posts explaining it.
You know what is funny? I have seen R/S posted a hundred times in three days but supposedly all we talk about is rosy stuff but I haven't seen much rosy stuff since the last three days was focused on correcting a misinterpretation of the 8k.
So lets talk rosy. What happens when Elite gets more products into trials, announces a major pharma for a partner and more products in development headed to trial?
We already know how modular the tech is right? We have 4 ART products now and more to be developed. A whole line of Opioids right?
Funny we haven't been talking about that have we? No lets focus on misinterpretation of an 8k and a fictitious reverse split.
Did anyone mention how many drugs are pending approval right now?
How many pending transfer and launch?
How about Fins due in a few days?
Or a patent award that is due for a one bead tech similar to Pfizers?
Or even results of trials in process and complete?
No it has been false information about an 8k and reverse split language in an 8k which would be in every similar 8k dealing with share structure.
Voting rights he would already have if he decided to convert to common and cause dilution. Instead he got them as part of the preferred class. Would you rather he converted them to common? Then it would be about how Nasrat is going to sell his shares and how he made his money? Right? Just a new attempt of fear mongering BS would have ensued.
R/S split language in the 8k and forward split language in the 8k. No one is talking about a forward split. All share related filings will have R/S language in them. They have to account for how things will be done should that ever occur.
There is also bankrupcy language in there too. Are we going bankrupt?
However R/S is a way to create fear in shareholders.
Jason,
Everything you and drug doctor said yesterday was proven false all weekend and confirmed again today. Traders are playing games, the stock goes up and down. But there is nothing really new in this 8k except what I and Hike and others have posted and confirmed via IR today.
People asked you what was new from the 8k yesterday and you didnt respond. Because there was little new but it was an opportunity for traders to create some fear in the market over absolutely nothing as has been proven.
There you go fitty. Clear as day and what some folks tried to correctly explain all weekend.
That has always been the disturbing part to me.
Like I said yesterday. He had the option on the one year anniversary. ..He had to convert or be paid in 2016....but you should read the old PR or 8k to confirm.
Nothing special here. We all have phones and e-mail. Anyone can call and discuss. Just the misinformation over the weekend was ridiculous.
He had the option in 6 months anyway. If we had 10m dollars sitting around it would go into more trials and products. We do have a PH3 on an 800m dollar drug I am sure they would like to get started as would I
Had communication with IR. Not much new here as I said all weekend. All this 8k did was give Nasrat voting rights without him having to convert. So no dilution. And moved him up 6 months as I noted before and took the debt off the books. Before his loan was payable in cash, now only stock.
Call her yourselves. I asked why it went out on a Friday and the answer is that the report was ready on Friday which if you read the 8k you would see the activities took place on the 6th and 7th.
You are incorrect. Shareholders still hold the vote and authority and can be in excess. We would vote to increase the AS.
I have never said the 8k was false but your interpretation of it has been incorrect and proven so through logic and what it actually says
Here is the part about the authorized being voted on and handcuffing the preferred. As Pharma Sleuth notes, this is actually a pro common share measure.
" If, upon any Conversion Date there is not a sufficient number of authorized shares of Common Stock (that are not issued, outstanding or reserved for issuance) available to effect the entire conversion, such conversion shall not exceed the Issuable Maximum; however, the Corporation shall use its best efforts to obtain Shareholder Approval within four (4) months of such Conversion Date to permit the balance of the conversion."
I cant explain any further. If you wont agree that what you posted on those two huge items was 100% false and proven so, I am not sure what the point of continuing the argument is.
For example
Look what you just posted
(B) subdivides outstanding shares of Common Stock into a larger number of shares;
Really still? Let's start with two pieces first and then I will deal with the rest later. Do you agree that the reverse split protection and Jerry getting shares at .07 instead of .10 arguments that you yelled about yesterday are completely false?
And do you agree that Epics massive shares are common shares just like ours?
There is no reverse split protection just like there is no forward split protection for the preferred. Your arguments are incorrect. Thoroughly proven so.
Wow. Really? After reading the 8k pieces and Pharma and lasers posts, you still do not know the truth? I will do this once and let me know if you agree.
The numerator goes on top
The denominator goes on the bottom.
According to the filing the number of share prior to the split is the numerator and the number of shares after is the denominator.
So if the stock splits from 500m shares to 5m shares that would be 500/5 which equals 100. You now multiply the conversion rate by 100 as noted. So Nasrat still has 100 preferred shares but now they are converted at 7 dollars. Meaning his conversion of preferred to common resulted in his common share count reduced just like everyone elses.
All of this about a fictitious reverse split that is not even part of the conversation right now.
Why don't you ask drug doctor if his analysis was incorrect now that lasers and Pharma sleuth have laid out the facts?
All I know is that we have been discussing reverse splits for two days due to an incorrect interpretation of conversion language in the 8k. And that a reverse split has nothing to do with the 8k or even current events with the company.
Yet the discussion should be focused on what is actually new which is the creation of the I preferred and purposes behind it for growing the company.
Pharma sleuth explained it last night. The same formula is inherent for a forward split. So if you use the same logic put forth incorrectly, the common shareholder and Epic could vote to forward split the stock thus wiping out the preferred. What does it all mean? It means that all the nonsense about reverse split protection was misguided and false.
Again, there is little new here.
It was 7 cents in the original agreement. Nothing new there. The funniest part is that you are saying he doesn't deserve his shares now n because the stock price has gone up so much. The irony is that his contributions including the acquisition of the 13 ANDAs has led to the stock price going up in the first place.
Let's say we buy Epic or merge with Epic for 200m shares and the stock price goes from 30 cents to 60 cents...Are you going to argue that Epic is only worth 60m dollars and we got ripped off because the shares are now worth 120m?
Come on ...
Here is your main problem. All of the supposed negatives have been proven to be false. Little is new here except the creation of the I preferred. So if people sell out of a misguided understanding or false reading of the 8k, then good luck to them.
The truth is that as an actual long term investor with a factual understanding of what the 8k says, my long term prospects just increased with this 8k. The stock could run on Monday and it could go down on Monday.....but the fact is that this company is now poised and positioned for a bigger partnership. And this 8k is good news. I am not going to worry about people's misinterpreted reading. I focus on the truth.
That is really the only question and it's a huge one. It can only mean a merger, acquisition, financing deal which could even be a pharma buying a piece of Elite. That is what these preferred are for.
Pretty much all the negatives made up yesterday have been proven false.
You missed the part where ANI pharma gives away their profit to TEVA on gross sales. Elite owns and keeps their sales. The only thing different is Nasrat move up from August...