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Something for the three people who are actually interested in VYST (that includes myself). Interesting copy-and-past with some actual news about the new mattress.
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Vytex thoughts
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TOPIC: Vytex thoughts
Vytex thoughts 15 Apr 2015 16:25 #1
Bazinga
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Has anyone here heard of Vytex? What are your thoughts on it? Any idea how it will differ from the current dunlop and talalay that is available now? Durability?
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Vytex thoughts 15 Apr 2015 16:50 #2
MattressToGo
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Gold Bond is supposed to be introducing a mattress using this. The process uses aluminum hydroxide to remove many of the proteins that tend to cause allergic reactions. This is done while still in the liquid stage. Not sure whether they are using Dunlop or Talalay in the Gold Bond bed.
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Vytex thoughts 15 Apr 2015 16:56 #3
Bazinga
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Thank you for the quick reply. That is what I understood, too, but didn't know the method used to remove the proteins. I wonder how well it removes them compared to the traditional washing. Jeff, have you felt any of Vytex latex? I just received a topper made from this and it is much more "grainy" and "crumbly" (to use very scientific terms) than the other latex I've handled. I wonder how well it will hold up over time.
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Vytex thoughts 15 Apr 2015 17:39 #4
Phoenix
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Hi Bazinga,
Has anyone here heard of Vytex? What are your thoughts on it? Any idea how it will differ from the current dunlop and talalay that is available now? Durability?
Vytex is a "drop in" additive that can be used as part of the formulation of latex products and is primarily meant to reduce or "virtually eliminate" the amount of latex proteins that can be a cause of latex allergies. There is a good general description of it on the Centrotrade site here which distributes it and there is also a much more detailed and technical discussion about it on the Vytex site here.
It has been used primarily as part of the formulation of dipped latex products which are the most common source of latex allergies (such as condoms, balloons, and medical equipment) and although latex allergies are rare with foamed latex because of how the latex foam is manufactured and because there is usually no contact with the latex in a mattress ... it is also now being licensed and is available in Dunlop latex formulations that are being made by manufacturers such as KA Prevulcanized latex to supply the South Asia area and Pica de Hule Natural in Guatemala (see here) to supply Dunlop latex foam to Latin America and North America (which is the product you will find in the US).
It would certainly be of interest for those who have true latex allergies to some of the proteins found in natural rubber and wish to sleep on latex. The manufacturers that are using it are making 100% natural Dunlop latex which would be closely comparable to other manufacturers that make the same type and blend of latex (without the Vytex) in terms of quality, performance, and durability.
Phoenix
If you are buying a new mattress, make sure you have read www.themattressunderground.com/mattress-...ttress--for-you.html
Last Edit: 15 Apr 2015 17:40 by Phoenix.
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Vytex thoughts 16 Apr 2015 07:40 #5
MattressToGo
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Bazinga wrote:
Jeff, have you felt any of Vytex latex?
I didn't get a chance to visit the Gold Bond booth at market, so I'm sorry that I can't comment on the feel. Phoenix has much more complete information on the product than I do.
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Vytex thoughts 16 Apr 2015 12:42 #6
Phoenix
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Hi Bazinga,
I had a chance to talk with Tom Eisenberg this morning about the Vytex natural latex (he just came back from a trip to Guatemala) and I thought I would share some of the information he shared with me to this topic as well.
I have known Tom since his days as a vice president at Latex International / Talalay Global and he is now the president of Nature's Home Solutions which has the exclusive rights to distribute Vytex natural latex foam to the US market.
Pica de Hule currently has the license to produce the raw material in the Latin America and North America region and the foamed latex itself is being made by Islatex. Both Pica de Hule and Islatex are part of Grupo Agroindustrial Occidente.
The Vytex natural rubber has removed the non latex proteins from the latex which not only greatly reduces the chances of any latex allergies but it also means that the latex doesn't need any colorants to make it whiter or added ingredients to mask any smell.
In addition to using Vytex latex, Islatex also uses RF frequencies to cure their latex rather than heat which results in a faster curing time and a product that is more consistent from top to bottom of the core.
For those where eco friendly manufacturing is also important they are also carbon neutral and actually sell carbon credits.
As Jeff mentioned Gold Bond is the first to use their latex in their mattresses and Jeffco Fibers is also a distributor as well.
I have talked with a few people that have seen and felt samples of their latex and the feedback has all been positive so far.
Phoenix
If you are buying a new mattress, make sure you have read www.themattressunderground.com/mattress-...ttress--for-you.html
Last Edit: 16 Apr 2015 12:44 by Phoenix.
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This is a good time to buy some shares for the brief bump before the next r/s. .0001 is a good place to pick up a few million.
The only good about the recent filing is that aside from the obvious stink of the report it didshow a reduction in debt.
YAGI is a thorn but at this rate of payment by the 'company' there should only be another three r/s splits and in about four years my millions of shares should total about 23 shares @ $2.00/share
Vystar Board Approves Natural Rubber Latex Business Spinoff
Shareholder Meeting to Feature Strategic Partner Collaborations
ATLANTA, GA--(Marketwired - Sep 12, 2014) - Vystar® Corporation's (OTCBB: VYST) ("Vystar"), Board of Directors has authorized management to pursue the spinoff of its Vytex® natural rubber latex business into a separate publicly-traded entity initially concentrating on the foam markets (mattresses, pillows and mattress toppers), while the parent will continue to focus on growing the sleep health and wellness market. Each entity would have its own management team and Board of Directors. Vystar is the exclusive creator of Vytex Natural Rubber Latex (NRL), a multi-patented, all-natural raw material that contains significantly reduced levels of non-rubber particles and proteins found in natural rubber latex.
It is anticipated that the transaction would be structured as a pro rata distribution to all shareholders of Vystar with the holders of its common stock receiving additional common stock in the Vytex distribution. Upon closing of the proposed spinoff transaction, Vystar's existing shareholders would hold interests in both Vystar and Vytex. Details on the structure, management, governance, and other significant matters related to the spinoff are still in development.
"We believe this transaction will unlock the value hidden within each of the two entities to achieve strategic and operational clarity and growth," said William Doyle, Vystar CEO. "The parent will have its unique flagship sleep health business with additional wellness offerings planned. The proposed spinoff will free the Vytex Division to focus on aggressively marketing Vytex's NRL raw material, launching its Vytex NRL foam business, and conducting the research and strategy planning to enter the apparel markets."
Vystar will hold its Annual Shareholder Meeting on Monday, September 15, 2014 at 2:00 PM Eastern at the Atlanta offices of Greenberg Traurig for shareholders of record.
"For the first time, we will be introducing to shareholders extensive details of our collaborative efforts with our strategic partners, including foam producers, mattress manufacturers, retail furniture stores and Internet specialists," stated Doyle. "We believe the presentations by several of our partners will provide insight into the value and opportunities each partner brings that will ultimately increase shareholder value."
Meeting results and select presentations will be available by the end of business on Sept. 17, 2014 at www.vytex.com. Company filings with the US Securities & Exchange Commission are available on www.sec.gov.
About Vystar Corporation
Based in Atlanta, GA, Vystar® Corporation (OTCBB: VYST) is the exclusive creator of Vytex Natural Rubber Latex (Vytex NRL), a multi-patented, all-natural, raw material that contains significantly reduced levels of the proteins found in natural rubber latex and can be used in over 40,000 products. Vytex NRL is a 100% renewable resource, environmentally safe, "green" and fully biodegradable. Vystar is working with manufacturers across a broad range of consumer and medical products to bring Vytex NRL to market in adhesives, balloons, surgical and exam gloves, other medical devices and natural rubber latex foam mattresses and pillows. Vystar's Kiron Sleep Lab LLC acquisition provides an entry into the health and wellness market. For more information, visit www.vytex.com.
Notice Regarding Forward-Looking Statements
This news release contains "forward-looking statements" as that term is defined in Section 27A of the United States Securities Act of 1933, as amended and Section 21E of the Securities Exchange Act of 1934, as amended. Statements in this press release which are not purely historical are forward-looking statements and include any statements regarding beliefs, plans, expectations or intentions regarding the future. Such forward-looking statements include, among other things, the development, costs and results of new business opportunities. Actual results could differ from those projected in any forward-looking statements due to numerous factors. Such factors include, among others, the inherent uncertainties associated with new projects and development stage companies. These forward-looking statements are made as of the date of this news release, and we assume no obligation to update the forward-looking statements, or to update the reasons why actual results could differ from those projected in the forward-looking statements. Although we believe that any beliefs, plans, expectations and intentions contained in this press release are reasonable, there can be no assurance that any such beliefs, plans, expectations or intentions will prove to be accurate. Investors should consult all of the information set forth herein and should also refer to the risk factors disclosure outlined in our annual report on Form 10-K for the most recent fiscal year, our quarterly reports on Form 10-Q and other periodic reports filed from time-to-time with the Securities and Exchange Commission. Executing the transaction requires further work on structure, management, governance, and other significant matters. Within the next number of months, Vystar's and Vytex's management will develop detailed plans for the Board's further consideration and final approval.
The completion of the spin-off is subject to a number of conditions, including final approval of the transaction by each Board, favorable tax rulings and or opinions of the transaction to Vystar and to its shareholders, further due diligence as appropriate, and the filing and effectiveness of appropriate filings with the Securities and Exchange Commission ("SEC"). There can be no assurances given that the separation of Vystar's business as described in this announcement will occur. Vystar will provide interim updates as appropriate.
The above is interesting and I have dreams about it...
Reading through some of the posts and found yours refreshing. You're correct in that there is usually a lot of info embedded in an SEC filing.
Thank you for pointing out this possible scenario.
Thanks for waking me up poak, I see the company filed with the SEC for a 15 day extension, plus more insider buying.
If you have watched this stock for awhile you'll notice the price starts to drift with little to no trading and then an insider infuses some cash and the price flickers briefly. If it were not for insiders this stock would be .01 with no interest.
I'm thinking the mattress deal is a big deal, what with the show this month down South.
Revenue, it's all about revenue and if this company can start to show income, I might never sleep again. In the meantime I'll take your advice and keep hanging on. Good luck in your investments.
Exactly, people are invested in ECIG to make money. The price today equals .05 pre r/s and today's volume reflects over 100 million shares traded pre r/s.
My last posts regarding ECIG I was only half right. I said, "80 million share volume," but I was definitely wrong with the price of .32.
The dust is settling and money is to be made in this company. Either flipping, shorting, or going long, just as it always is. I'm done flipping this stock and I have been burnt selling-short in the past so I either have to buy more, which is tempting but I'm already invested to the max of what I'm willing to lose, or sell at a loss. So it looks like I'll just buckle up the belt and watch where this ride will end.
Good luck to all on their choice of investing.
Zzzzzz...Snort, wha, what, oh, I must have dozed off. Did I miss anything with VYST? I was so busy celebrating the deal they made for the mattress I fell asleep.
Nope, didn't miss nothing, stock price is dead and going down. Just about ready to take my loss and move on but if I do that then the price will surely go up. Oh, what to do, what to do...
I know, take another drink and go back to sleep. Wake me up if anything happens.
Exactly, those stop-losses were scooped up like a fat man getting a free coupon to the, 'all you can eat shrimp,' buffet.
I thought it would close higher eod than yesterday but instead of buying this morning, this afternoon was, well, fulfilling.
Next week should be a continuation of the drama and excitement, maybe even break an 80 million shares traded day.
Money, ah the money. Many smelled it today.
ECIG reminds me of the 'good ol days' of trading. Back in the day people drove the price of a stock up based on excitement while others reaped the profits...The great thing though, everyone was making profit.
Nowadays, with computers and instant information along with the myriad methods/trading platforms - it takes a lot of the fun out of trading.
If, i-f, if good news in the form of positive SEC filings or other material events unfold for this company, soon, ie. next week and followups...I do believe that the volume will swell up to 80 million shares in a day.
Today there were millions of shares sold short, over 12 million today, and I can't blame them as this is the third up day. Now, tomorrow, that is going to be interesting. End of the week trading, going into the weekend and the unknown of next week. I think if I were shorting the stock, tomorrow would be a good day...but I'm not because I think it will close up at the eod, thus setting the stage for next week and the 80+ million day(s) coming as it could get veryinteresting.
Yep, ECIG is fun to own at the moment.
Yes, it's true that with expected good news pertaining to revenue for ECIG plus the results of the recent meeting is causing the price per share to increase, as well as the volume...
What's next?
At the moment, people are flipping and making money while shorts pay back some of their profit. But after the expected news the tide will flow the other way as many will take profit...However.
My opinion is to flip some shares, especially if some good company news comes out, but hold a bunch of shares long term for what is called, 'long term capital gains.'
It appears the ECIG management has a sound business plan now, going forward. It definitely has a product that is generating revenue. And it absolutely has the attention of every sort of investor that exists.
Bottom line for me: Stock price will continue to regain lost territory albeit at a slower pace than the earlier months of plunging. Both shorts and flippers will make money. And I know I've already made great profit and expect next year at this time to be very happy.
Good luck on your own form of investing, especially in ECIG.
Probably not. The way the human mind works, people are more apt to invest in ECIG based on the style of posts you refer too rather than listen to, "going to .36" and invest.
Bottom line for ECIG: The meeting is over and the results have already been released for the vote. Many thought it would take more time to tally the votes.
Today, there were 13,469,683 shares sold short. This with the millions of others sold short recently makes trading in ECIG very exciting.
I'd say tomorrow will be a green day, just based on the meeting being over and the results made known. Any good pr's in the next few weeks will be icing on the cake.
I'm sticking with .36 in the next two weeks.
I don't own 'millions' of ECIG but for me 85,968 shares is substantial for my risk assessment of the company. Today I purchased 26,500 shares to round out the position.
It is easy to see what happened to this company: 1. Too much too soon. The company pursued very aggressive growth by acquiring other companies and using debt mechanisms that bit them in the proverbial hinder-region. 2. Thinly traded when the price per share was 'high' and leading to increased trading as the price per share dropped. It is easy to see how people bought as it crashed until with the massive dilution and cheap prices, the attraction of bottom feeders, such as myself, were drawn to this stock like flies to honey.
The price per share at the moment is now in the control of profit takers, a balance between short sellers and those flippers like myself who sell on the spikes.
I suppose as a long-term investment, there is a very good chance of making money but as a short-term investment, there is more than a very good chance of making money. This was proven in just the past few weeks. Shorts made a killing and flippers scored.
Since my opinion means about as much as zero+zero=anything, I can voice it and I think .36 is coming soon, and after tomorrow and the next couple of weeks, we get to see if those who thought there is no hope for the company wins or people like me win. No matter though, what anyone thinks, investing in ECIG is exciting and definitely not boring.
Great trading day today for ECIG. People covering short positions, people taking a short position, longs taking a long position, 'longs' taking profits...
A few days ago the general theme on this message board was, "Ecig good, I'm long and won't sell until (pick any high number)." But as the price of the stock rose the messages started to change..."I took profit but I'm riding with free shares." "I sold my position and looking for a re-entry price." Plus, the negative postings started that were not around when the pps was down in the .04's.
Today, the theme of the message board ranges from deleted messages to "8k good." "8k bad."
All the chatter is meaningless though as it is volume traded that speaks loudest. Today just reinforces the interest in ECIG, and it is only going to get better.
Do your own DD and take a lot of what you read with the value of a grain of salt. Those who say, "I bought at .04 and will hold until after the meeting..." I'd say they are probably 99% full of half-truth.
For example: I say in the next three weeks the pps will be .36. Do I plan on selling or is my sell order in for .32? Maybe I've already flipped this stock three times already...
So, ECIG is a great investment at the moment for both sides of the investment coin short/long. Take advantage of it and make as much money as you desire. It's actually very easy with such companies as this.
Another month since last posting and nothing...wait a minute, news today? Wow, (w-o-w spelled backwards is wow...Wow!)
Anyway, Gold Bond to be first mattress to be introduced to High Point Market next year...what? This April? Wow.
This company is so, sooooo boring to watch that when real news comes out no one knows about it, but they will...
Wow. An actual mattress. I want one and will buy one with some of the profits of having faithfully holding stock in this company for so long. Long?
Now, where did I put that bottle of champagne.
nor should they. in the world of investing those who lose are others gains. those who bought ecig at .05 and sold at todays higher prices won. those who bought today are hoping to sell soon to another 'investor' who in turn will win or lose...
i lost in the Kmart bankruptcy but was stupid for not realizing that after reorganizing i should have reinvested as that company owned a lot of prime real estate.
as for ECIG, they are not BK but instead have been smashed in price as if they have. the advice, or hindsight regarding this situation is, those 99.9% who lost their investment should have bought when the price was low, just like i, and most people now posting on this forum have. you see, ECIG does not own real estate like Kmart but rather, owns a revenue generating/growing-in-market-share product.
people have lost money investing in ECIG and others, like myself, are making money. bottom line: greed. my motto is -'i'm greedy but not as greedy as most...'
ECIG: got some.
it may seem that people who short stock in a publicly traded company is 'harmful,' and in ECIG's case it is easy to see how the shorting and dilution drove the price down into the pennies...but the flip side is that because of the shorts, many to include myself, have been able to purchase shares of ECIG at a bargain price and are now up over 100% on the investment.
it is good to have a little balance to greed, even now people would short ECIG thinking the pps will drop while others think it will go up.
Capitalism at it's best.
in my opinion, .37 cents in the next three weeks.
much sooner than most people think and most probably this June-August but no later than the end of the 2105 calender year. my bet is in July we'll all be owning shares of stock in one of the big pharma.
of the big pharma picks I think it will be the one currently in the weakest position and needing to truly bolster their company.
tok tic tok tic...
I wonder high this is going to go next week...
Listened to the CC and enjoyed the confirmation that Elite is well managed, well run, and has made significant improvements with the new CEO.
I still think the company will be bought by big pharma sooner then later. Better for a big company to implement the strategy of marketing, production, and advancement of the modular approach and also negotiate a cheaper price now than when Elite is already selling the first money maker, because once that starts the price tag goes up.
My feeling as an investor is a buyout price of $4.00/share. I make money, insiders make money, and the acquiring company makes billions on top of the billions they already make...If a company makes such an offer I'm sure the CEO will seriously consider it, in fact I know he will as he already stated so in a previous CC.
Which is why the company has a 'new' plan up its (his) sleeve. Some people are about to make some money, though like a riddle, investors are going to get screwed.
.0001, nice.
More insider buying, a little (emphasis on little) increase in general trading activity, so for a thinly traded company this is good news but in general investors are giving this company a, 'ho hum,' as to interest.
It was mentioned in an SEC filing by the company about splitting the sleep division from the rubber division and we have yet to see what that decision will amount to.
Most likely the price will float along until SEC filings show increased revenue from the recent distributor deal or the announcement of the company splitting into two.
My plan is to hold for a few months more and then bail if nothing changes. I've owned a position in this company for almost a year now and aside from the insider buying have not been , 'wowed' by the progress.
amazing what a couple of days can do. friday this stock went up 144% with heavier volume, but actually the 300K+ share volume could be considered small. i guess it shows how thinly traded this company actually is.
next week (tomorrow) should be interesting. i don't know if the pps will close up or down by friday but if i were to bet i'd say "up".
i know the recently announced contract pertains to this country but in the past SEC filings there was talk of hospital beds overseas so i wonder if the company is talking with a distributor to handle foreign markets.
if i get the chance to purchase one of the new mattress's i will. currently we own two Tempur pedic (expensive) plus they off-gas so it will be interesting to see if the new ones made with Vystar patents will be better.
oh, and i forgot to mention that i loved the recent insider buy. this is one of those small, publicly traded companies that just might make this investor some coin.
only 15 days since the last post and today? good news. thanks management, the furniture deal looks great, now lets hope the stock price can get off life support.
i like the minimums the company set with Rotmans, well done.
that's the best post i've ever read written by you -spot on. because of investing in GERS i now qualify for the Presidents affordable health care plans (because my lack of profit/income is so low...) i think I'll go with the Silver plan!
Two conference calls ago the CEO made mention to the effect, "If the offer was right I'd sell tomorrow." Anyone can go back and read the transcript to get the correct wordage.
I feel the company is going to get bought out, soon.
I own shares in Elite, I've sold shares in Elite, I believe Elite will be bought by a bigger Pharma sooner than later, I believe Isradipine has been 'launched' days ago and feel no SEC filing is needed as the CEO has already publicly announced it would be released by the end of the calendar year. I believe there is much going on behind the scenes involving the overseas deal, and much more. I believe I will see the genius of Elites CEO revealed much more than already shown by his actions. I enjoy being invested in Elite and feel it will be a wonderful year.
Five months since last posting here, five months and in that time?
Oil stocks crashed, a lot of tax loss selling and Vystar insiders purchased more stock.
It was surprising to see some 100k share blocks sell just before the end of the year; someone taking an interest in the company I suppose.
Still no word on the company splitting into two divisions, nor word on the overseas mattress's, sales, there has been nothing, even the companies website shows old news and information, not even the slide show management said would be available, showing the 'partners' is available.
This company runs and acts like a ghost company and the price of the stock is basically dead, and yet? I still own shares...
It sure would be nice to hear if anything is going on in the company just to prove it still isa company. If it were not for the SEC filings showing insiders buying I would have taken my loss and moved on, therein lays the conundrum.
Oh well, lets see what another five months will bring for this company, I'm betting it will be not much, it would be nice to be proven wrong.
What I find to be simply wonderful about how the CEO of ELTP is conducting company business is that by his own admission he would rather let the investors know what's coming, even if some dates change due to the dynamics of the situation. Most wonderful indeed to know the basic battle plan.
What I also find to be simply marvelous is that after investing in many bio companies in the past there was always the euphoria by investors when the company filed an NDA with the FDA only to be disappointed when the FDA rejects, finds cause, or worse, does not approve the companies drug. One company was SNGX and when orBec was rejected by the FDA the companies CFO was dragged away by security. Now, the CEO of ELTP is smart in proceeding with the IND and dealing with the FDA b-e-f-o-r-e filing the NDA. Since the company is being so thorough with the process I, as an investor, feel very confident that once the NDA is filed there will be little, if any, doubt as to approval, unlike the other bio companies.
Simple really, once the NDA is, is, is, is, is, filed...the future will look very bright.
When I read about the side effects of Embeda I noticed the one about how accidental usage could cause death by a morphine overdose. Such statements are obvious and one can find a long list of precautions and potential side effects from any drug, but I was wondering what kind of side effects or precautions will pertain to Elites ART?
It is in this area I feel the FDA will ask for more clarity if there is a delay for the NDA filing.
It's fun, healthy, and profitable!
By this I mean I decided to make some money with Elite and it is working.
I own a nice block of shares that are all long-term gains and like many investors in Elite, are holding for the potential of blockbuster news in the form of submissions, approvals, partnerships, and my favorite - buyout.
Like many who are trading Elite I decided to try and my odds are better than going to a casino. I buy $10k worth at dips such as the one a couple of dips ago and sell when a good release comes out such as the last one announcing the successful BE study. Next week I'll use the original $10k and do it again.
Downside: I buy low, sell at a positive press release, make a profit and lose another opportunity to buy cheaper if another good release follows immediately.
Upside: I make money, my core holding makes money, and life is good.
At these prices below .30 I feel there is less chance of a massive dip as the revenue being generated by the company shows this company is no longer a .06 company and even the SEC filings no longer show the 'going concern,' line of doubt.
Making money is fun. Elite is a gem.
So too, Scottrade. Shows '0' trades but does show current price on home page.
I've seen activity like this before regarding stock price dropping while the overall news for companies publicly traded are positive. Some have mentioned that the CEO's failure to mention the 'NDA filing' in Dec was obvious in the last CC but no one has mentioned the defiant sound in his voice when questioned about partnership (or buyout).
Some just can't see it. This company is playing a poker game with some companies wanting a piece of it. SEC rules state you can own as many shares of a company you want without filing with the SEC provided ownership is less than 5%. In the case of Elite, a 'company' interested in ELTP could own 25+ million shares of ELTP.
It is my opinion that there are some behind-the-scenes hardball being played between the management of ELTP and one or more interested companies. It is not hard to imagine a company selling shares to combine with those selling for a tax loss to drive the pps of Elite down thus giving better negotiating leverage.
The trading range for Elite both in price and volume have been pretty thin for the past few months with the only real activity taking place in the last few days.
Oh, and remember how the pps dropped after every good news release? It is possible for the interested company to have sole shares so as to contain the price from rising.
It does not have to officially be the interested company to own shares but someone owning shares of ELTP in the best 'interest' of the acquiring company, and in penny land this happens all the time.
Don't think this scenario is a possibility? Well, it sure beats the, "MM's are manipulating. Shorting going on. And all the other theories being put out there.
This is a good time to take a position of ownership in ELTP and I wish I had an extra couple of $100k laying around the house. This company is being bought out and the trading activity I see the past week is proving it to me.
Your question on why is what all publicly traded companies have to deal with. In most publicly traded companies they need money from an investor to proceed with operations, Elite is no different.
In successful 'PRIVATELY' held companies they don't have to answer to an investor of which many will question the decisions made by management. My accountant told me to never make our corporation a publicly traded enterprise for the reasons your question exposed.
I'm willing to bet that the CEO would love to take the company private but has to deal with fickle whims of the investor as for what Elite is currently doing takes a lot of capital, but while he cannot take the company private 'yet' he has shown his willingness to put his money where his mouth is.
'If,' there is any setback for the company, it would not surprise me if Nasrat and some of his closest allies make a bid to take the company private. I know if I was in his shoes that would be what I'd be thinking, and that would then get the company away from citizens who are more a thorn than a benefit, leaving the private company to benefit greatly.
However, I still think a buyout is coming as the technology is just as the CEO says that the FDA thinks,'it is new and never seen before..'
Shopping for ELTP shares today is much more fun than fighting for underwear on this Black Friday. ELTP: An investment that for me has just kept on giving profit to the wallet, (might have to go out and buy a bigger wallet)
Yes, it is interesting...
On Monday the CEO will be busy talking with big Pharma company #1 regarding buyout terms.
On Tuesday the CEO will be busy talking with big Pharma company #2 regarding buyout terms.
On Wednesday the CEO will talk about the earnings report and announce which big Pharma company won the bidding war.
or
there were scheduling conflicts with those needed for the CC
or
? (anyone's guess is as good as another)
I did take some ltcg gains and sold some ELTP Monday as profit is good, it is really good, and I anticipate taking much more profit in ELTP going forward.
yes, still invested but with LQMT those who are insiders and, 'in the know' are the ones making money as the common investor has to either pick the flip points, or hold long-term.
ELTP will succeed much as a tree will grow into a big tree, but time, there is always that nasty, sticking point of time and waiting.
While a buyout of Elite would be, "Huge," for those invested in the company, the 'if' factor is not so huge. The word, if, implies a possibility, a chance, potential and I already know many hurdles the company has faced in advancing its "Huge," patented technology has surpassed the word, if.
Now, the word, when, replaces, if.
When the FDA approves...
When the increased earnings in company revenue are released...
When the news the company has that is not yet public knowledge is known...
When the company is listed on the bigger exchanges...
When the CEO says, "We did it!"
When the company is bought out by big pharma...
There is no 'if' now, there is only when.
Oh, as for my buyout price I value this company to equate to 1.5 to 2 billion so the pps would reflect that depending on how many shares are out there at the moment the buyout occurs.
Well so far 0.25 held good but if a buyout is announced she is going to the dollars in a hurry...
If there was any official offers on the table b-e-f-o-r-e the CEO bought the shares then he will go to jail. If there were/are any official offers after he bought then he will be a lucky person much in the way people currently buying ELTP stock would also, especially when the CEO said at the last cc that if the company were bought the next morning he would be happy. So, we know the company is open to buyouts.
I'm sure a buyout would make some investors unhappy, you know, the ones who love to sell short? And also it would make some people who hate the company a little grouchy also to see some good come of this company.
Strong support for ELTP is .0001 or what is commonly known as, par value. That said, support is the pps of where there are enough buyers to satisfy the sellers.
The whole bio sector along with the market in general is doing as it should: Going down after going up so it can go up again so it can go down...thus providing those investors with good DD and timing,to make money.
I have noticed ELTP likes to announce news of a positive nature on Monday's. There was made mention by the CEO that there were some potential news events for Oct, so 13, 20, and 27 sound like good dates. I'm partial to 13 so Monday may prove to be a good trading day for ELTP.
I still think the company will get bought out and the support level for the company will be much higher than the current price. I like a buyout better than a partner, partnerships are like marriage complete with fights and divorce.