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SPCL Having seen 5 thousand shares trade hands a couple times today, points me in the direction of shady manipulation afoot to abide by the MMs' game plans. Interested to see Level 2 on SPCL, since I am not able to view L2 at the moment, if anyone can help.
Expecting some volatile conditions in the near future, with all the incognito accumulation, during the recent walk downs.
Thank you for the invitation Instatrader
Anyone mind sharing current level 2 with the board?
I'm literally cracking up over here, 5k share trades, let's be real that's a whopping 20 dollars. Pure manipulation, nothing less.
I expect to see some large bids go through this afternoon and early tomorrow.
No doubt Snup, I saw your posts, saying you were waiting in the .003's a while back. Glad you got them. I used last flip here for more shares in our real elite gem, you know what I'm referring to ;), right before the climb.
I will have my core reside here, through the latest date for a SPCL update, which I have marked as June 15th. Otherwise, the rest of my shares are superfluous IMO.
@ Pugilista Hard to say with no information being sent to the SEC, hence my position in the stock.
My hope is that it is a large entity/entities accumulating shares, or the companies that are being rolled into one.
My fear is that it is that it is SPCL/other Co's dumping some shares, to make the FINs look better with the capital raised from those shares.
I do however, believe it is the former, as the base has been essentially the same, along with the aforementioned in my post prior.
@Vegas I appreciate the follow, and no problem, all just my thoughts based on the information available on the Co/Co's and any strong TA indicators.
Still is quite difficult to make out the overall trend, with high confidence, although looks like the weekly Bollinger Bands are getting squeezed in the upwards direction. Coming weeks should be enlightening, to say the least.
Interested to see what happens here. Been in since .0007/.0008 back in fall '16. I haven't held all straight through, but I have held a core position while flipping a majority. Yes, I may get heat for this but I don't mind, as it has served me well. In my opinion, in terms of risk minimization this is key, especially with the volatility of the stock.
L2 has been looking real shady, past few weeks. Same thing with a lot of the TA (daily indicators showing essentially loaded spring, but most of this bliss is hidden on the weekly charts). Incognito accumulation since early March on the daily chart and if looking at the big picture, the loading base has been essentially the same since the run to 2 cents (in the mid .003's and low .004's). The shade is thrown on the accumulation with relatively large block bids always being hidden by other minuscule bids. Essentially magic, poof 2-20 mil swap hands, without ever flashing on the ask, then stabilization by the MMs. Always doing this over and over, followed by running it up and shaking out weak hands, and then rinse-wash-repeat.
4.1 mil after hours trade...
Yes, just as one would expect. Highly manipulated, to accumulate, then ride the material events. One day, though, we will leave this nightmarish control.
Mark my post and revisit it in a couple weeks, you'll see. Picking up a few more myself.
Look at the chart on the main page...about 2 cents away from one another.
Chart looks pretty beautiful...don't even have to leave the homepage. 10 day and 50 day MA support, and the 200 day MA not far away at 16.5.
I do recall you saying the last surge in stock price was caused by the Golden Cross. It's quite far back in the post history, but you did.
It's about to occur again, inevitable really.
That was my thought as well. The MJ entertainment acquisition may have news for launch ideas in October IMO.
Don't have PM's but have about 30,000 shares riding out from 0.0034. Yes, its relatively minuscule, but it was not my intent. I'm currently kicking myself in the arse for second guessing myself and selling 120,000 at 0.0125, anticipating a hard pull back before the big run, but to no avail. Will buy back in if for whatever reason it pulls back to .01, but until then my 30k will ride it out with the chart and momo looking the way they do.
Trial Data Coming within the next few weeks.
Next set of financial data to come more proximally, with respect to trial data. Maybe a breadcrumb or two will drop with this data.
ELTP, still long and strong.
I am very pleased to see that these massive are not only staying on the board till they are filled, but also moving up when they don't get filled lower down.
IMO, was to stop any hope of a run from the 600k on the bid....16, 18, and 20 all major resistance, and all stacked on level 2
Something is definitely in the works. There was an awfully lot of incognito buying yesterday (which is why we held 15 on 5 mil traded down). Now today, every time a large bid goes in they mask it and bump the bid up a fraction, of a fraction, of a penny.....
Perfect Storm is a Brewin'
That's the massive lot I was speaking about. Looks like it grew....
Someone knows something...
Indeed. May be the highest I've seen on this ticker, or at least for quite some time.
Massive 1/2 mil bid on the block. Someone has been eating up shares at 15 cents today
What part of his post was BS? Please show us board members, with links to verify...
It takes the FDA that long to prepare the minutes, so they can "prioritize" their duties. It gives them ample time (30 days) to give any additional information needed, that was not provided at the meeting, as well as answer any questions ELITE asked during/post meeting (that they needed more time to answer or provide information). All this while working on all of their other duties. Sadly, this is also how politics and lobbying comes into play (not necessarily with minutes, but their other deadlines. Although they could look for more hoops to jump through in that time), because in the end the FDA can do whatever they like and postpone whoever they want, unless someone appeals to the courts or congress. Corruption isn't a new thing in governmental organizations.
Elite already knows the outcome, as I'm sure someone on their end was writing down in detail, and that's why they said they would initiate whatever needed to be done, immediately. I also believe someone told 'Joe Shmoe' who told 'John Doe' and 'Jane Doe' etc, and that's why we have had the price react the way it was.
Odds of approval are not 20%, don't know where you got that statistic, but you are misinformed.
Here is some old information, but still relevant nonetheless...
"Of those NDAs and BLAs, 281 (81%) received approval from the agency, of which 200 (71%) received approval during the first round of review. The remaining 81 submissions (29%) were approved during subsequent second, third (and beyond) submissions. Earlier studies, such as a 2012 analysis by the industry trade organization BIO, found that subsequent submissions have a far lower rate of approval. Only 1.4% of submissions made after the third round of submissions obtained approval , BIO found.
Complete response letters featured prominently in these reviews, Datamonitor found. One hundred and forty-six (42%) of all submissions received a CRL, of which 55% later obtained approval. Approximately a third of the submissions were withdrawn, while another 16% were still undergoing review by regulators."
- See more at: http://www.raps.org/focus-online/news/news-article-view/article/2761/#sthash.B2RxDB66.dpuf
The stats are even better, post 2012/13
I think the minutes are finished and in their final rotation or in the mail... and that's why we have seen the price and volume react the way they have the past few days. My prediction is either the 17th or the 19th, and I believe it will be good news with additional news accompanying it (either then, or quite proximal to then). The cap on the pps will be popped soon.
You added your own language in there....there was no "continue" uttered by ELTP.
We will see, come end of this month. Last leg of the rat race is upon us...
Please tell me how that is not the case. Nasrat stated he would share the information with us, once the minutes are released, did he not?
Except for the fact that the FDA's minutes, take a month to prepare. Nasrat will shed light upon the path when the FDA finishes their end of things...
"Our thesis is simple: that as an investment prospect at this end of the biotechnology space, and given its current market capitalization, Elite is unique. Why? Because its generic operations fund (for the most part) its development arm. Not only this, but it’s set to be profitable mid 2017, based on the revenues this generic operation brings in."
https://www.insiderfinancial.com/elite-pharmaceuticals-inc-otcmktseltp-has-a-path-to-approval-for-sequestox/118831/
Market investors may be zooming in on shares of Elite Pharmaceuticals, Inc. (OTCPK:ELTP). The company presently has a Gross Margin (Marx) ratio of 0.213479. Robert Novy-Marx has provided investors with insights on finding high-quality value stocks. Marx pointed to a high gross income ratio defining the quality of a company. Elite Pharmaceuticals, Inc. has a Gross Margin score of 7. The Gross Margin score lands between 1 and 100 where a score of 1 would be seen as good, and a score of 100 would be considered bad. This score is based on the Gross Margin stability and growth over the previous 8 years.
Thanks lasers... still think the other two CTOs mentioned will be monstrous
Today's CT order was in response to the CT order posted in August. I believe the August CT order involved a tentative agreement of sorts, with a 'big player', pending the meeting with the FDA. The meeting was positive so they confirmed the agreement, and they will release the details of it on the respective day range listed. All IMO.
All very interesting and I am very pleased Nasrat has stuck to his word (meeting with the FDA "the third week of December") as he always has. We will have SequestOx approved eventually, and it will correlate to a beautiful sight on the charts. In the meantime we will have an ANDA submitted every quarter (one of which involves a substantial partner to be released this spring), and have the multiple prior ANDAs pending approval.
Also, regarding the delay in the release of the details of the meeting, this always occurs following these meetings. I believe it is fully prepared, and sent to the attending party, within 30 days of the meeting. The FDA prepared "minutes" is in sense a transcript of the meeting with additional information they needed more time to prepare for like questions or a more detailed response/supplementary information. So, please stop saying it is negative that the details aren't released until the end of January. I am eager to see the details.
Good luck to all. ELTP is a great company, with exemplary set of employees and BOD's, and owns a fantastic design utilizing an agonist-antagonist approach (the least preferred by drug abusers), to Abuse Deterrent Formulations, that can be utilized across its pipeline. It received its validation today in the FDA meeting with a clear path forward for SequestOx. We will get there! Here's to a great start of 2017!
-PH4RM4
In reference to the CC
I added a few here and there to avg way down. Super low float. Holding for maybe 4 pennies. Any chatter or any group comes by and pop goes the weasel. Better to be in before the hype.
Here's to hopin'
Yes, that as well. Just didn't want to continually harp on that one!
We are due for another aNDA before the year is out, correct? Perhaps today? Been trending up all day....in any case we should get one sometime soon. Just my opinion.
I would also like to hear/see something physical about the FDA meeting. I'm thinking meeting in January and Nasrat was just being optimistic, but in all actuality the process goes at a turtle pace.
My foresight has always placed ELTP with approval of SequestOx at the end of 2017 realistically, and a subsequent, generous, but true valuation of the company. Lately though, things are getting quite zesty with all these nice ANDAs and "unnamed partner of spring 2017" coming to an ELTP near you. Have a good day all longs, just checking in.
-Ph4rm4
How about all the incognito accumulation by 1 or 2 entities the past 2 weeks? Large bids (100k+) getting filled, after getting hidden with a faux bid coinciding a few hits on the ask, is what I have seen through that time frame. Albeit, they were smaller today.
Just my observations.
As to my knowledge a RM into a shell is a much cheaper, and usually faster, route to becoming a publicly traded company. Feel free to correct me if I am wrong.
Is this our ANDA? I do not recognize Wes?
Of course, that's why I included the empty stomach info towards the end. Just had to re-post it because it was removed previously with a different start to the post, ha.