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Snup - Did not help that Jerry sold 500k++ into the good news last Friday. He is a dolt and has been as the company languished under him for his entire term until Nasrat came along. It is Nas that showed leadership and vision. So I say to Jerry - don't let the door hit you on the way out - He was useless to ELTP. Maybe now he is selling to pay for botox injections or a new boat. Whatever.... Max
Just saw this in a.m. Very Nice Article on ELTP and the way Feds have agreed to change their approach to abuse deterrent drugs. http://www.insiderfinancial.com/elite-pharmaceuticals-inc-otcmktseltp-to-benefit-from-political-tailwinds/114603/
Oh and please give us facts to your claim that this is a scam. Max
Hey John - I had a retail order in at a limit of .371 at 50,000 shares and it did not fill - they jumped right over me. So your theory of no retail support is not supported. It was pure manipulation by the MM today to take out a stop loss order. Max
I think we have as much chance of unicorns smashing the pps as we have of seeing .02c. But then again..... Max
Elite has 100,000 Sq Ft of production area according to Nasrat. Where did you get your data? Max
Yes - It is good to see the MM buying on our behalf - almost as if they are a stock mission, a 501c3 for instance - always there to help feed the hungry and homeless - except in this case they are philanthropists helping out our little ELTP. This is funny! Max
I put in a GTC order to sell for $20.00 limit. Now I'm thinking it may be too low. Max
Improper use of prescription pain killers causes great societal harm. Quite a bit more critical than the latest version of the i Phone. Well, this horse is now dead. Max
I think that must have been the 2Cents John was referring to... Max
I see - that explains the national epidemic of Opioid abuse in our country. Right - much lower demand for drugs than apple I phones... This is truly funny. Max
Chase it Baby - Chase it! Or are these just the MM supporting the price as some have claimed LOL. Max
Yes - And we can all clearly see that the USA is not ready for tamper resistant opioids... The time is not right for Elite but it was for Apple. LOL Max
Nope - Because you are assuming the same seller and buyer. To what extents will you go to to warp the math? There is no incentive to flip right now. There is no volume and you know it. This is accumulation whether you like it or not. Max
Nope - Disagree - Treppel is already prepared for a nice Christmas present when he sells over $1 a share within next 90 days. 1% of his shares - just enough for the new car for his wife... Max
The trend is up - not worried about the day to day moves. Max
The flipping money is indeed incredible. .0025X1.1MM shares traded = $2,750. I guess a lot of money for some people.... Max LOL
Again - Buy /sell just one component. Price is what matters and it went up because buyers were willing and hungry to pay more. Thanks for making my point. Max
Except that the share price rose. That suggests appetite - not a stretch at all. Max
And if all is consistent - the MM will support at $1.00 and $2.00 and so forth. LMAO - I love the chaos that flippers and shorts create. This time around the longs will win and pure buying will support new 5 year highs for this baby! IMHO! Max
Sell and Buy side are just one measure. There is also appetite and willingness of either side to pay more or get less. In todays' action the buyers were obviously more hungry to get shares - they paid more and the price went up. Its' not all as neat as it seems. Volume is too low for flippers. Any one who wants in will have to pay more in the days ahead and I think today's action proved that. Buyers are hungry IMHO. Max
Time is over for the flippers and Day traders. Volume has dried up - there is no way to flip at the current spreads and volume and make anything. IMHO I expect the price to rise steadily from here. If you are out - you had better get in IMHO. Max
I'm not selling until Nasrat sells! My guess is we end up being purchased at some point. That will be the end game! Max
I think many here may underestimate the possibility that announcements can be made at any time for the launch of a new generic to early acceptance of the NDA application by the FDA. Those who are out of this stock do so at their own peril IMHO. Max
Well that's more mis information because the price moved from the low 20's to the low 40's on Phase III announcement. Max
Fabulous opportunity to buy more today. I purchased 100,000 more between .32 and .335. It was an excellent CC and there is NO bad news out there. Todays correction (MM shaking the proverbial apple tree) was a Christmas gift! I really never thought they would pound it to the 20's but they did and we are already back to the .33. This will slowly creep back by year end. Buy and enjoy IMHO. Max
NR said we will not hear about an NDA submission when they submit the application - they will only tell us when the FDA has accepted the submission for review which clearly will not be until 2016 - and the mode of communication will most likely be in a release - not a CC - just to clarify for y'all. He mentioned the 1st or second week of January for NDA submission. Max
News Came up on my Google News Feed!
http://www.microcapdaily.com/riding-the-elite-pharmaceuticals-inc-otcbbeltp-express/113701/
Max
Please tell us why the bottom is going to fall out? Max
Actually some private fund managers do have discretion based upon the type of fund. I know a few that can buy a stock under $5.00.
Early Morning MM were making buyers chase it. I tried buying 50k more but every time I would place teh buy on ETRD they would jump over me and price would jump 1 to 1.5c. So I pulled the order and in the last hour was able to grab the 50k in smaller lots. It acts as if it is a coiled spring right now. Almost no vol compared to previous 3 days but I get the impression the MM want it to run. I see accumulation right now, and yesterdays close was strong considering we almost did 10MM shares and price held. Big churn and higher levels of support.
I expected a 50% correction after the near term run - but am not convinced we will see that. Also, the price traditionally rises into the CC and then corrects. I wonder if we will see that this time. If I was a betting man (which I am) I say the odds are in favor of a higher price after the CC. The news catalyst with pending FDA filing and potentially a 6 month approval in 2016 lines up some great action.
Very Thankful to still be here and able to add. Max
Oh please give an example of the secrets Nasrat has kept. And please - We all want to hear how defensive he was in today's call... Max
Rich - The stock price is manipulated by the MM - period! As long as we stay on the OTC exchange that will be the way it goes. This is NOT a reflexion on the way the company has performed. The results over the last four years are outstanding. IMHO you are being unreasonable in your analysis of share price. As Nasrat says - as soon as the fundamentals are there the share price will take care of itself so that we can get on the Nasdaq. Until then - we are at the mercy of the MM. Example - I have a block of shares I am holding and I have some shares I will flip if price suggests. LII consistently shows MM not executing at the ask or bid, jumping over a limit price and then executing their own fills. Meanwhile, the individual investor sits and watches it getting jumped over. So I know it is a case of the MM manipulating! The share price will take care of itself eventually - but not until we get revenues from an approved ELI 200 or move to Nasdaq. Max
Connection between Elite Pharma and Epic Pharma
I am not sure if this has all been discussed, but I was wondering what folks thought about the connection between Elite and Epic. Elite's Chief Scientific officer and a Director of Elite is Dr. Nigalaye. Since December 2010, Dr. Nigalaye has been the Chairman and Chief Executive Officer of Epic Pharma, LLC, a manufacturer of generic pharmaceuticals and Elite’s strategic partner pursuant to the Epic Strategic Alliance Agreement. From July 2008 to December 2010, Dr. Nigalaye served as Epic Pharma’s President and Chief Executive Officer.
So these two are "partnering" together to move the pipeline forward. Why not a major player in the pharma industry? It seems almost like Elite is going it alone, although I understand Epic will market and distribute. What niche power does Epic have that makes them the right partner for us?
Max
Please provide a link to prove that the CEO promised the FDA would act by mid March. Max
We were NOT promised anything by Nasrat in regards to the FDA. We were told that the company anticipated hearing back from the FDA by Mid March. That is entirely different from being promised anything about an autonomous third party. Max
It doesn't work that way. Max
OK - So I am an "unsuspected soul". Watch me smile in the days ahead. I think I know exactly what I have here and with new generics launching and our ART to come - our souls will rejoice! Max
I've been buying more since 10:00 a.m. Very thin trading - MM not parting with shares easily. I smell upticks on the way. This is just the beginning. I have added more to my early retirement. Had enuf to buy the last Veyron at $2.00 a share. Yum. Max
Happy to be here! I have watched the politics and destruction of industry in America. Hoping that we will recover in spite of our government. I am a long for ACI. Max