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Your sentiments are probably held true by many investors in GERS, as such next week will be interesting in what the pps does. If, as you feel, many will dump in disgust...or will they?
Greed is a powerful feeling and though many feel it was bs they will hold, (like me) maybe even buy more shares, but one does not want to lose out if the mythical rabbit is pulled out of the hat by the company, of course the rabbit may be a long way off before getting pulled. I'm actually excited to watch and for me I hope it goes to .0001 by a large margin where I have decided to purchase a lot more now that I know what the outstanding share count is and I won't have to do an SEC filing.
Deception, dishonesty, lying, cheating; sounds like the human condition described perfectly. While I'm just an investor who has made my own share of bad decisions I also have won a few, GERS for me is no different just a different product, different management, and different potential.
Good luck on whatever you do or decide.
If you add up what I originally invested years ago and many r/s; add the new shares from December 2013 and last month, over 30k.
Now, the question can be asked, "How much have investors invested over the years?" Or "How much has the company spent trying to defend their technology?" Or "How much revenue has been deprived from the company because of patent infringement?"
All the answers are the same, a lot of money.
Today's r/s announcement is not good news as no r/s is good news for the investor. What is good news though is the 'fact' some of the infringing companies settled and are now GERS customers ( In my opinion I think we will see more)There is a new patent that is going to be awarded to the company. ICM lost round three of a patent submission.
In short, there is bad news for GERS as the pps reflects, but there is also good news. So, the question is, sell and move on? Hold? Accumulate? I can only speak for myself but I do like the status of GERS today more so than the last few years. Like I posted earlier if the pps crashes (more so than it already has .0001) and the news is looking good I might buy more before the r/s and some after, or wait until after the r/s. I will not sell though as it is still early in the year for tax loss selling for me.
Good luck on your investments
I just read your post and I thank you for the compliment.
Good luck in your trading and may they be profitable.
The filing in question is 8-A126, November 15, 2013. My take is it applies to any outstanding preferred stock which is convertible into common stock AND common stock. Of course I could be wrong. I just wonder if those rights to purchase the "H preferred" stock if another company tries to acquire the company are lost is I sold some of those shares I purchased before November 15.
I would not participate in what you wrote for many reasons but the main one is no blue chip investor would touch this stock no matter how many positive pr's were put out. The pr they put out eariler was pertinent news to an investor as was today's announcement of the r/s.
Good luck though on your attempt and your style of investing.
I agree and now for a,'thinking out loud' question. Next week the pps will probably go down maybe even to .0001 but the fact remains as Slash pointed out earlier, the 'enemy' got another rejection for the third time on their patent and GERS is getting one issued on March 25. The revenue reported in the next filing will probably be higher than the last due to more companies, and the court is working on summary judgement...Now, should I be greedy and buy those weak shares next week and catch the potential good news after the r/s or should I wait until after the r/s and buy if there is no good news released yet...
Greed, it's a curse but I do play around with it.
ITEM 1. Description of Registrant's Securities to be Registered.
On November 15, 2013, the board of directors of Elite Pharmaceuticals, Inc. (the “Company”) declared a dividend distribution of one right for each outstanding share of our common stock and one right for each share of Common Stock into which any of our outstanding Preferred Stock is convertible, to stockholders of record at the close of business on November 15, 2013. Each Right entitles the registered holder to purchase from the Company one “Unit” consisting of one one-millionth (1/1,000,000) of a share of Series H Junior Participating preferred stock, par value $0.01 per share (the “H Preferred Stock”), at a purchase price of $2.10 per Unit, subject to adjustment. The description and terms of the Rights are set forth in a Rights Agreement (“Rights Agreement”) between the Company and American Stock Transfer & Trust Company, LLC, as Rights Agent.
Initially, the Rights will be attached to all Common Stock and convertible H Preferred Stock certificates representing shares then outstanding, and no separate Rights certificates will be distributed. The Rights will separate from the Common Stock and convertible Preferred Stock, and a distribution date (the “Distribution Date”) will occur upon the date that is the earlier of
· ten days following a public announcement that a person or group of affiliated or associated persons (an “Acquiring Person”) has (subject to certain exceptions) acquired, or obtained the right to acquire, beneficial ownership of 15% or more of the outstanding shares of our Common Stock (the “Share Acquisition Date”), other than as a result of repurchases of stock by the Company and
· ten days (or such later date as our board of directors shall determine) following the commencement of a tender offer or exchange offer that would result in a person or group beneficially owning 15% or more of such outstanding shares of our Common Stock.
Until the Distribution Date,
· the Rights will be evidenced by the certificates of our Common Stock and convertible Preferred Stock and will be transferred with and only with such Common Stock certificates convertible Preferred Stock certificates,
· new Common Stock and convertible Preferred Stock certificates issued after the record date will contain a notation incorporating the Rights Agreement by reference and
· the surrender for transfer of any certificates for Common Stock or convertible Preferred Stock outstanding will also constitute the surrender for transfer of the Rights associated with the Common Stock or convertible Preferred Stock represented by such certificates.
The Rights are not exercisable until the Distribution Date and will expire at the close of business on November 15, 2023, unless earlier redeemed by the Company as described below.
***
I bring up this topic regarding ELTP to get opinions from those who may know the correct answer.
1."Stockholders of record at the close of business, November 15, 2013" Question being: If I were to sell my shares purchased in October to lock in profit would I then lose my rights as pointed out in the SEC filing?
I wonder if the poison pill plan allows shareholders of record at the close of business, November 15, 2013 to buy and sell now and still get the benefits in case of a buyout or are they only considering the shares purchased on or before November 15 to be a part of the plan.
My plan is to hold until this Fall and begin to take long-term capital gains but I must say it is tempting to take profit now.
Interesting, another reverse split and the usual outpouring of 'anger' and perceived injustice. This stock has been trading at almost zero and yet the company remains viable and still keeping its doors open for business.
For years people have known the company has been fighting the infringers and yet still bought in the greedy hope of making a profit (I know I have)
My advice to such people who are easily angered when getting such news as just released is to stay away from investing in such companies. As for me, I'm glad they are still in business and I like this company for the fact of its technology and so after the reverse split and if the pps goes to, ".000000000001, OMG horror, horror, bad management, POS, etc..." and the court news remains encouraging and there is more progress for the company, I will buy more shares in the greedy hope of making money and if I lose it all I won't blame the company I'll blame myself.
Thanks to your post about it the other day I spent some time on the patent website, man talk about helping one sleep, but everything you posted was correct. The patent office showed March 25th.
If you look at the history of the patent you will see such terms as 'non-final rejection' and then a whole lot of other filings and then acceptance. I can see a whole lot of work goes into filing patents.
I too feel the noose is tightening around the neck of the infringers.
Good day to own GERS as the technology is not only patented but it is profitable for the companies that license the proven technology and maybe I'll make some money...wait, I already am!
I enjoy reading your posts slash, much better to read about positive aspects of GERS than the constant, "dilution, fraud, bankrupt, bad, management is a scam, etc..."
I wonder how that summary judgement is going.
I disagree that any false pr was the reason for the January spike, the pps was already one step away from being worthless. I read the 'release' in question and saw through it immediately.
I may be relatively new to this message board forum but I've owned GERS for a long time and took a large position as stated in my earlier posts here; I took the large position because I like the technology they produce (so do all those other licensed companies).
This stock is a high risk investment but does have the potential to make me happier than I currently am now as I started my large position at .0003.
Lottery ticket? Maybe. Risky? Yes. Good technology? Absolutely.
Owning 3500 shares of a stock with the potential of multiple % gains is much better than owning 10,000,000 shares of a stock going bankrupt. Good luck on your investment.
For me, it looks like I will be locking in some good profits this Fall with long-term capital gains. It is nice to see management speak and keep to the actual game plan, this CEO of ELTP deserves every cent he will make in profit.
95% of patent infringing cases are settled before going to court. In the recent days there is a motion for summary judgement by both side that was brought before the judge. In my opinion this case will be settled before going to trial. Today was fun to watch, it would be nice if it keeps up.
Earnings report for the quarter ended 31 Dec. Has nothing to do with arbitration as that would be a separate SEC filing of material interest.
Will the earnings for the quarter be positive or negative? That we shall see.
Making money is never easy but it can be interesting.
Slash, what do you think the chances of success for a summary judgement in GERS favor after the recent activity in court? It looks to me that the infringing companies are trying for the third time to reset the whole deal...I wonder what the judge thinks.
Thanks justdosomething, I compared ELTP to the company you mentioned. They have 25 employee's, no earnings and are now being sued because the success of their trial is tainted with bad news and yet they have a market cap of 7.9 billion. Now, in comparison ELTP has 26 employee's, sells a product for profit (minus R&D)and the potential of great news. The big difference is the other company is listed on the NASDAQ.
I too feel good times are to come as they already have arrived for many investors, even my small holding I started at .12 is nothing to cry about.
In a juries mind the hardships GERS has endured as a company and shareholders because of those 'rich' infringing companies, the settlement will be a nice one. Now, as you say, "this round of litigation," do you think the companies attorneys are working on a contingency basis or hourly salary? Also, what is your opinion of the infringing companies lawyers - salary or contingency?
I did read that some of the infringing companies lawyers have quit, I wonder what that was all about.
I had a good day with gains in my stock portfolio and noticed LQMT had a red day. I noticed there is no planned CC or earnings release even though last year this was the month so this lead me to speculate.
1. Bad news - wait as long as possible to release.
2. Good news - Revenue from some 'company' which for some reason the company wants to wait as long as possible to release.
3. None of the above - just waiting as long as possible to release.
I want to believe they are waiting to release as long as possible because of #2. Maybe setting up the domino's? Time will tell, or at least the numbers will.
You forget to factor in the German stock market and the Japanese market... All joking aside,
The point of this and my last post is I would rather have r/s, dilution, anything but a ruling in favor of the infringing companies or bk. We can speculate as to dilution, chance of success, whatever, but I do enjoy owning this company a lot better now than years ago, a lot better.
Good luck on your form of investing and strategy of doom and gloom.
Way too low is my comment. I feel the percentage of dilution is more in the 90% range as no one but you and the added dilution of the company is selling and three people are buying; one is me, two is an old man in Oslo Norway suffering from dementia, and the third is a woman suffering from OCD with the symbol GERS.
I estimate the outstanding shares of GERS are now at about ten-billion, of course I could be low on my estimate.
I am very familiar with reverse splits of companies and you are correct with raising the possibility of BK, r/s, or other negative possibilities facing GERS.
Now, to throw back at you a scenario: Any good news, any, for GERS coming from increased revenue; another company settling; GERS management buying a winning Powerball ticket... you would have to admit that investors would not have to wait until the recent round of litigation is over.
Nobody (sorry) I mean hardly anyone is invested or investing in GERS for very good reasons. If the company were to conduct a r/s it would still remain the small market cap it currently is at or less.
I feel that a r/s will be done after some good news starts to show for the company and interest in investing increases. Yes, this will cause the pps to drop but only after the sub-penny prices go up by over %1000, this is the risk I'm willing to invest in and wait to see what the future reveals.
Like you, .0003 or less will be great for me and I will see if I want the hassle of reporting over a 5% ownership.
Good luck on your form of investing.
I could care less if it is 760million or more, I own a lot.
February 24 will be interesting and there is good reading over at the skunks site.
If the OS was one and the future news is bad for GERS, it's over, just as if the OS is two-billion, I'm still gonna make money above what the pps is currently at if ANY good news comes out for GERS.
I'm enjoying owning this company much more now than those many years ago when I first invested.
Good luck on your own form of trading GERS.
In answer to your question pertaining to the drive to zero bid is so that people like me can buy a lot (emphasis of 'lot') more.
You see, I make a lot (emphasis on,lot)of profit with the stock market and I lose a lot.
This year is shaping up to be my best year since I started investing back in the 60's and during those past years I've seen it 'all'.
A company such as GERS has many negatives (emphasis on,negatives) but it also has a lot of positives.
For me a least, I now own many shares and if what you say occurs it looks like I get to buy a lot more shares cheap. If those shares eventually go up even with another r/s, I make money, if not, I'll use this company as a tax loss against my other profits. For me, I win, for others who really need their money to raise a family or pay the mortgage, they should definitely not be buying stock in any company especially GERS. They should use their money to pay off credit card debt and work hard to provide for the family.
Either way, a crashed stock price for GERS or good financial news for GERS; I win.
If an investor studies a company to invest in they study debt, revenue, management, board-of-directors, insider buy/sell, and what the company manufactures.
Looking at GERS it does show revenue, massive debt, a competent management team, and that the company has many patents and a product being used by other companies.
It all sounds like an interesting albeit risky investment especially when seeing the debt structure. If the pps was $2.06 people would still invest. If the pps was .206, some people would invest. If the pps was .0206 only a few would invest...at .0002 (from a statistical percentage point of view,) no one would invest.
I'm one of those statistical percentage points that has invested purely on the strengths of the company while keeping in mind the weakness.
Today I was tempted to buy another large block at .0005 but do not want to deal with SEC filings so I bought Hecla mining.
This year has seen increased activity in the volume traded, today was one of those days. Since very few would invest a large amount of money in this stock at this moment it will be very interesting to see what happens if good news is released and the pps goes the opposite direction of where it was going last year, very interesting indeed.
I too agree but I have a feeling there will be profit taking tomorrow and not 'euphoria' as I feel the pps already reflects the current news. Now, if there is a press release with other news then of course the pps will go up.
My prediction for tomorrow is profit taking and a close at .37 If the CC is a good one then more fun in the following days.
The next few months will be filled with exciting 'stuff' no doubt about it. And along the way there will be profit takers but barring bad news the pps will be as the post you quoted and this Fall I will be very happy.
There are people who looked at ELTP last Fall when the pps action started to heat up and thought, "No, too risky. Penny stock..." etc.
There are people who invested in ELTP last Summer (and earlier) who traded for profit and also a few who held for 'news'.
There are a lot of people who trade stocks with various trading strategy, but 'profit' is the common denominator.
Now the pps is at .35 and for reasons which can be seen via SEC filings. Earnings are up. Progress as stated by management earlier, is on track. The CEO has proven he keeps to his word.
There are people who say the drug ART's will be successful, they even talk of buyouts, mergers, and the pps in a few years as high as $20.00.
There are people who believe the company will stumble; again, there are a lot of people who trade stocks with varies trading strategy.
My plan for ELTP is a simple one. I own 247,755 shares with some purchased as low at .105 and the highest at .30. This Fall I will start to sell for long term capital gains and spread the profits to other companies to help strengthen my portfolio.
I am not in love with this company nor am I in love with any company as I have experienced GE, AIG, Enron, Kmart, and have learned a company can be doing well one year and dead the next.
There are people who believe... I believe ELTP is doing well and may continue for this year and longer, only time will tell. All it takes is a fire at the manufacturing plant, a lawsuit, failed trial, (etc...) to crash the company.
This week? Profit taking beginning tomorrow and people exercising their various ways of trying to reap a profit through whatever means possible.
Good luck on your way of playing ELTP.
Thank you very much for pointing that out dr lowenstein, puny revenues indeed compared to other drug companies. Though, it must be added that the seed of a Redwood tree is very tiny yet grows into the largest tree in the world and the smallest union resulting in a zygote turns into a savvy investor like me.
Elite posts revenue tomorrow and as most suspect I too feel it will be another improvement on the growth to prosperity. As such today's volume showed similar sentiment.
If the report shows the same results as last quarters announcement or less, the pps will drop in reflection.
Good time to be invested in ELTP
Current holdings for me in ELTP is 247,755 shares. Looking to hold for long term capital gains taken starting in Sept 2014.
CalB, thanks for the link. I looked at it and clicked on the 'earnings detail' tab and noticed the dates they posted for past events were accurate, specifically the Apr 1, 2013 Q4, 2012 filing. It will be interesting to see if GERS releases an SEC filing on the 14th of feb (Friday). If they do, or I should say, when they do, it will be interesting to see the revenue based on the success of the companies using their licensed technology.
I'm currently happy to own 22,207,244 shares of GERS and await good news so I can sell at a profit.
Profit is good; loss is a learning experience.
$1.00 would definitely be nice as would any number higher than todays pps.
The recent SEC filing being released only a few days before earnings and the call is not a coincidence in my opinion. Whatever it truly means I'm sure management knows full well what it means and the rest of the world will eventually come to know what that is.
After having been invested in many biotech companies I have come to realize there is no 'sure' thing. I feel the current 'wait and hold' pattern for ELTP is a sign that other investors have been to the same rodeo, meaning, not all trials, test, hopes, and ambitions regarding any drug or drugs always have the best outcome. Now, if we get updates that even hint progress is 'positive' then there will be a fresh round of enthusiasm thus causing the pps to rise. If it 'sounds' good but no real hints of progress, then the pps will drop or stay locked where it is until news comes out positive.
I now own 247,755 shares of ELTP which is my 'all in' for this particular stock and I feel pretty good knowing that at least the company has revenue from sales of a real product and not just a 'hope and dream'.
Good luck on your investments.
Nice volume today, GERS acted like a real stock. People selling (hopefully for a profit) People buying (hopeful for getting a profit).
I own 22,207,244 shares at the moment and now feel 'fully invested', however, with the exception of negative news arising and the current situation remains the same, I will add more if the pps reaches .0003 or less and flip those shares at .0005 or above.
I do love profit.
I used my broker at D.A. Davidson to purchase most of my 22,207,244 shares and Scottrade for the rest. It was easy to purchase shares and since my renewed interest in GERS was sparked by the late 2013 early 2014 trades of .0001 and .0002 I'm glad I started buying at .0003, .0005 and now, .0009. Percentage wise I'm doing better on GERS than on XOM which pays me a great dividend but not so much in percentage gain or loss of the pps.
Looking at the SEC filings I notice the first one for 2013 was in April and the last was November 2013. I wonder what the first SEC filing for 2014 will contain?
This year (2014) will see some interesting changes for the PPS of GERS. Up, down, up, down, down, down, up, up, up...Now for 2015? Long term capital gains are attractive, especially in my tax bracket but I will take short term gains if the pps acts like I think it will.
Good luck to those thinking of owning GERS, for those selling, and for those who think think they can manipulate the stock price.
Well said. Gag orders mean just that and reading what slash and the skunk point out at least gets one to further pursue and see for themselves what is going on for GERS.
I'm glad I decided to purchase more shares of GERS, and when I read on other message boards the varying comments posted with derogatory intents towards those who post verifiable facts; makes my heart warm, (and its cold outside today so any warmth is greatly appreciated)
It is interesting to notice the topic of bankruptcy being brought up on a company which has languished for months only to have a renewed interest by investors, such as myself and others, who see an opportunity. At this point in time bankruptcy has not occurred as that could be easily verified through various means any serious investor could use.
Various conclusions as to why people start spreading rumors on publicly traded companies are as simple in explanation as mental illness - seeking attention because their lives are miserable all the way to thinking they are trying to sway minds and drive the price lower so they can buy and flip a stock for profit. Of course, another reason may be there are people invested or related to a company being sued by GERS...they are not happy when 'good' moments occur for GERS such as the pps going up, renewed interest in GERS, and positive news from the courts and patent office...
Upcoming catalysts for GERS are upcoming SEC filings, court filings (which are displayed courtesy of another website run by Skunkhunter)
earnings, and those are just the ones we can expect, it is the unexpected good news which make investing all that more interesting.
Remember, only invest what you are willing to lose. Do your own research. Be happy if your investment in GERS pays off. Learn a lesson in investing if GERS does not pay off. And keep warm, I know I am, I currently own 22,207,244 shares of GERS.
Current position in GERS: 22,207,244 shares. First shares were purchased years ago and dollars higher, last shares purchased at .0009
Companies technology is what first drew my attention to invest and today, more so.
Litigation appears to be in the companies favor. It is important to note that in patent infringement cases, %95 are settled before going to a jury trial.
Company is still in operation and though it has underwent multiple reverse splits it has not declared bankruptcy.
Influencing others to buy this stock? Of course, I want others to pile on and drive the pps much higher otherwise why would I post here.
Recommendation? Strong buy, flip some shares for profit (like many are doing) hold a core position to sell if the pps goes to where I'm thinking. Avoid naysayers unless you agree to such in the hopes the pps plummets again or you have a weak mind, unable to decide for yourself to invest, and do your own homework regarding what has/is/and could happen for GERS.
This is the part of my trying to influence buyers by saying, "Go Greenshift! Make me some money!"
I disagree with everything you posted except for the potential for a reverse split.
Good luck on your form of investment strategy.
I do enjoy your posts and your determination.
GERS had a good week in my opinion. Heavier volume, and increased interest.
Regarding dilution: If 100,000,000 shares were sold at .0005 that would gain 50k. While the future SEC filings will show if there were diluted shares sold in this recent run, I personally doubt it but of course, only management knows at this point.
It will be interesting to see how the company fared with revenue for this next reporting quarter.
Next week? A guess and guess only: Low of .0003 and a high of .0008
with increased volume and interest.
It is nice to note that with other companies blatant infringement of patents, legal fees, stock splits, and the other reasons why the current pps of GERS is down...the glaring fact remains: The company is open for business. Other companies are using their technology. The court system is working. And I now own 15,866,667 shares of what may be a profitable investment for me. At the least, if I lose it all it will still be worth it for me at least, as the old saying goes, "Nothing ventured nothing gained."
I posted last week that I wanted to buy more GERS at .0003 or less but now I see I'm up over %100 on my buy last Friday. Should I be happy for the increase in the pps or sad? (rhetorical question)
(it is nice to see some life again in GERS)
Another informative post Drugdoctor. Elite is definitely giving those who follow charts an opportunity to talk about 'golden cross' 'hockey stick' 'dojo in apex' and all the rest. I do enjoy looking at the history of ELTP on the past charts, especially when it was listed on the AMEX and above $4.00.
Since those glory days over $100 million of investor money has been poured into research which is now the fruit today's investors in ELTP are reaping. As we all know by investing in pharma: patience, money, and time along with good science is needed, AND a management team that can wear the hat of scientist, lawyer, accountant, investor, and a whole slew of other titles.
Yes, I do like looking at the charts, especially the last few weeks and I look forward to the next twelve months because of earnings, trials, and the fact these current management team members appear to truly know what they are doing.
My prediction? The chart will look like a chart and in twelve months (and less) the stock price will be much higher than today.
Very true, loans have to be repaid. The income ratio to debt for this company is 1:10 (or somewhere near this). I thought this company was going to be out of business by now based on watching it but a glaring fact (at least for the moment)is that it still is in operation.
GERS could have declared bankruptcy long ago but that would definitely not benefit management, shareholders...or, those who made the company loans. In a bankruptcy the crumbs are sold off and divided by the court and n-o-b-o-d-y gets a full meal.
The patents are sound, the technology proven, and it cannot be dismissed that the legal system (though slow) is still working.
Dilution, reverse splits, more loans, (almost sounds like the U.S. Fed policy at the moment) just adds more to the pain, but what if good news comes out either from the court, R&D, buyout; news of any sort showing a strength in the heartbeat of GERS? Such news could come out in 2014, or 2015. This is why I have not written off the company.
If what I think is going to happen for GERS in the coming months does, I will be very happy with the profit, if not, then it will be a minor loss for me. Remember, never invest more than what you are willing to lose.
Speaking of willing,if I see the pps at .0003 or less for the remainder of this month I think I will add to my position.
I have been through the reverse splits as I have owned GERS for many years now. I watched it to the point of having one share in my account and found it amusing and a reminder about the hazards of investing.
But then I researched the company again and again I liked what I saw years ago (with the exception of the mounting debt, pps fall, and the reverse splits)so a few months ago I threw $200 dollars at it and watched how it bounced between .0001 and .0004.
Of course I read all the amusing posts on the various public forums as this company is not one that 'pumps' (though some would argue they 'dump'.)
Today I reinforced by holdings by 5,200,000 shares for a grand total of (drum roll please) 5,866,667 shares with a whopping value of 1760.0001
I have made a great deal of money in the market and even though for many 'blue chip' holders that suffered at the hand of the market gods while everything bled red, my accounts increased by over 20k today. I also have lost great amounts of money with 200k in one day with a bk and a couple of other bk (enron, kmart)
GERS has good patents in my opinion. It seems the legal system is slowly doing what the legal system does. They have not yet declared bk and actually appear to be running a business.
I'm not happy with the debt load the company has but if it did not have such a debt the pps would not be .0003.
As for the future of the company? Well, probably the same odds as spinning the wheel in Vegas but I sure would kick myself if some 'real' news pops up and the pps moves into the .01 territory. Just imagine .05... I would think my investment would turn out to be another of my many winners. Or, I lose, but such is the game of investing.