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Ya that makes a lot of sense, he bought stock for his families IRA because he knew bad news was coming.
A big thanks to those who sold shares in the low .30s today.
CEO has stated it as a goal for at least the last 3Q's.
From my understanding the only thing we are waiting on is results from the HAL studies.
My guess is date is already set and has been for a while.
Worst case and imo doubtful scenario, we have to wait another 6 months. On the OTC that seems like a long time, as folks sell if no news is expected for a week.
But to make another 500% it is really not long at all.
"the rule of thumb is the more a support or resistance level is tested the stronger it becomes as more and more people start to see it and place orders accordingly."
I also think NH buying some very Lg lots in the low .30 will have an influence on the bottom. I do not see it going back into the .20s for anything but a few nano seconds if at all. Buyers will snatch up shares at the same price as the CEO.
IMO the talk that the generics were a waste of money is foolish.
The pharma industry is very slow (FDA), Elite will more than recoup the 10 million dollars before NH sells a share, and before all of them are launched.
But at this point the generics are almost off topic. lol
GLTA Longs
I agree.
Hope more, rent is due this time of month and I can buy more as it comes in.
Welcome back, always enjoy your posts.
I thought it had been tanking for 6 months,
I think I was wrong.
Looks like consolidation at about a 300% for the year.
I was able to pick up a few more just above the price the ceo bought 700k shares last week.
IMO I am very blessed to be able to get them at that price.
Every thing looking great from where I stand.
GLTA Longs
I do that a little, and only will trade a very small portion of my ELTP position. I am horrible at trading. I sold 60k$ worth of ELTP in the .70 range, put most of it into another company and it turned out to be a scam and is now on the grays (a studio company). I sold out before I lost it all.
The way I view ELTP is if they are able to get one ADT to market, I "retire" ( able to do more purposeful things with my time). If not. I was surviving before Elite and will after.
So I will buy, hold and accumulate until Elite has at least one adt on the market or they are purchased.
BTW Congrats on the other pain relief company.
Rich
I remember it sitting below a dime for what seemed like an eternity. There was news, great news and numbers were getting better. There were those that said it will never go up, and they seemed to be correct. Now we are 3x that level. When I look at the fundamentals today, the tech, the HAL results and the fact NH just bought more on the open market. I am sleeping well at night knowing where my money is sitting. I scraped up a little today and bought a whole 4k more this am. lol Not much, but my little investments at .07 worked out real well and I believe these will also. Thats why i am here.
To call Elite omnipresent, I think that is going a little far, I Do think their adt tech will be found at every local pharmacy though.
"Looks like significant dilution is not in the cards. CEO BUYING large amounts of shares on the OPEN MARKET with his family's IRA."
Yes sir I agree, and will be buying more eow, following NH's move.
I suspect we will see the final HAL results before they sit down with the FDA.
I think the final results will turn many more heads than the prelims.
GLTU
ELTP
It is hard to be focused on shareholder value when you cannot get a hold of anyone who handles investors' calls. If they do not get news out and an investor relations person or firm, there is no way they can say they are interested in shareholders. IMO
One can scream dilution all he wants, but imo when the ceo buys 700k shares on the open market. It tells me, the one that knows the most is not concerned about dilution. I am very happy with the share price since NH came on board.
Why do you think NH bought those shares for a family IRA?
Do you think he is anticipating failure?
Nice post, I agree.
Ya he found an extra 250K lying and figure, aw what the heck I have nothing better to do with money. Ya right. lol
http://newscorp.com/corporate-governance/insider-trading-and-confidentiality-policy/
Prohibitions for All Employees:
No Trading on Material, Non-Public Information. No employee who is aware of any material, non- public information concerning the Company or a third-party with whom the Company does business, shall engage in any transaction in the Company’s or such third-party’s securities, including any offer to purchase or sell, during any period commencing with the date that he or she obtains such material, non-public information and ending at the beginning of the third (3rd) Trading Day following the date of public disclosure of that information. After termination of employment, any employee who is in possession of material, nonpublic information is prohibited from trading in Company securities until that information has become public or is no longer material.
You bet he is Ryan.
Nice to have the CEO buying shares at the same time that I am.
OCT will be one heck of a month for Elite, imo.
Even NH listens to couch!! lol
ELTP
GLTA Longs
Nope, they are from Lake Mi, I fish a small stream about a 2 hour drive.
Normally run 10 to 20 pounds.
So you think NH will be selling these shares soon. He had the chance above .90 and didn't. What makes you think he will now when the company has made huge progress on many fronts since then.
Why didn't he sell then? My bet he sells 0 shares until ELTP is purchased by another company.
Do pump and dumps normally hold 300% gains for 8 months?
ELTP
A LOT
Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1.Title of Security
(Instr. 3) 2. Trans. Date 2A. Deemed Execution Date, if any 3. Trans. Code
(Instr. 8) 4. Securities Acquired (A) or Disposed of (D)
(Instr. 3, 4 and 5) 5. Amount of Securities Beneficially Owned Following Reported Transaction(s)
(Instr. 3 and 4) 6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4) 7. Nature of Indirect Beneficial Ownership (Instr. 4)
Code V Amount (A) or (D) Price
Common Stock 9/25/2014 P 434500 A $0.3083 2434500 I by IRA
Common Stock 9/26/2014 P 265500 A $0.3103 2700000 I by IRA
Common Stock 11714141 D
I will bet LPC has sold little to no shares in this range.
My guess holds as much water as yours until we see a link.
Also huge vote of confidence by NH in the form 4, glad to know I am buying with the insiders.
Just got back from salmon fishing with my son.
Wow that is great news, there is no other reason than full confidence in Elite's tech for NH to buy more shares. Nice size blocks to.
Pretty exciting.
Very nice post.
Congrats to all longs who picked up shares on the pull back.
"Got that GREEN out of the way now it is time to resume the tanksolidation. Didn't take long this morning."
More like
Got that red out of the way now it is time to resume the banksolidation. Didn't take long this morning.
Sorry IB, I should have confirmed it first.
I looked around and learned a lot about camargo and was very impressed, I also understand the fast track process much better.
Below a quote from their sight, with a similar number and maybe where the thought came from.
Or it maybe correct and I could not find it.
"While its rewards are abundant, the 505(b)(2) process presents unique and demanding requirements — you need the specialists at Camargo to help you identify a differentiated product and guide you from concept through commercialization. With 3-5 pre-IND meetings per month, worldwide reach in 26 countries and a client referral rate of 95 percent, it’s easy to see how success breeds success."
The otc(people) are not rational.
Fundamentals look out standing.
But if you would have told me you would have seen a sell off after the eye opening preliminary HAL results. I would have said you were crazy.
Elite is moving their ADT to market at break neck pace. Camargo, 94% of their fast tracks approved, and we have already got a peak at the data. just a matter of time.
To state the company is a pos without giving links and DD means nothing. If you are sure of that, why? What test results, what actions by the ceo, what actions by the bod, has camargo said something?
Ya feel bad for folks in here that get sucked into the "TIMBER". They will be very sorry they sold. I can't get away from the pre results of the HAL. So impressive. IMO we are under the radar for only a few short weeks until we get the final data and meet with camargo and the FDA.
GLTU
BTW I would not be surprised if we closed green for the week.
Would I rather see the price up today, but I know we are just days away from sitting down with the FDA.
GLTA Longs
Like giving the company 1 million in and unsecured loan. lol
Why do think NH did not sell any shares he bought on the open market when it ran to .97?
Why do you think he takes shares instead of cash, they have cash?
I am , fundamentals strong as ox, just like .97 was an over evaluation, we are now way undervalued. Stocks go up and down and it does not always reflect the condition of the company.
I remember the same was being said at .06, I was buying then and will buy now. Foolish not to look at the fundamentals, stocks trade on emotion. Investors like NH have a long term plan, vision.
GLTA Longs
Very true.
Some celebrate the ups others the down swings.
Common guys, there are a variety of things that could, and will move the price. The fact is we don't know when it will move. I expect we will get third party attention when we get the HAL completed studies released in OCT. I also think a positive meeting with the fda will add to it. But thats what I think. Its IMO. I remember when we were sitting at .10 give or take ,04 for several years.I heard day after day it will never move until ................ It will never hold .12............ We have had pr after pr and the price won't move.
Fact is I don't know, and you don't either.
I look at Elite, Best position in its history.
Moving forward since NH came on board at light speed.
Incredible preliminary.HAL results in a huge industry.
I am buying more when can. Cause I have heard it all before.