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Exactly, that could mean anything. From door to door sales to stocking drugstore with cardboard signs advertising Eli200. Don't mean to trivialize but it could mean anything.
We all know the question that, Its lack of interest in Elite that precludes its ability secure a Partner. That in turn begs the question as to the soundness of the technology.
I question the ability to secure a partner, not the awareness of the need.
To get away from the pissed off investors!
Its obvious that Naz must think his chance of approval is good to justify all the additional hardware . One concern I have is that without a Marketing Partner ,there is no way Elite can get their product on the market to dislodge competitor's market share. Even if Elite's technology is superior, Market penetration would be comparable to that of a Korean male into Nikki Minaj's arse.... It might be just a tickle. ;)
If Elite technology does not exist, this would be the biggest scam of all time. Its ok to be pissed at broken promises and missed deadline but to say Elite technology does not exist is a bit stretchy.
Despite all my complaints. I still think Elite will be successful, just added another 50 Gs at 28 cent.
We were suppose to get that in the Face to Face meeting. What do you think Nazrat ask in the Q and A format in October if it wasn't " What else do you want from us before we can file?" These timelines and predictions from Narat is not to be trusted." We might be push back well into 2015 before filing.
Heard every word of it. Comical Optimists of Elite hilariously sugarcoat every word that comes out of Nazrat's mouth, regardless whether it came out the front-end or back-end. We have no Partners, PPS at 12 percent of predicted average, indefinite delays, no final report on HAL, Flat earnings, might not have enough money for additional studies for Eli 200.
34 years experience doesn't mean squat when you been wrong all recent prediction. Evaluation, requirements from FDA etc.,
No mention of the final report of HAL yesterday.
He also said that in his personal assessment, they wont need additional studies.
Excuse me for being a bit ticked off. All year long NAZ has clearly stated " We are on track to file in December", He also alluded to multiple possibilities of interested Partners. As of last CC, we were told that NDA will be filed and what ever FDA wants can met while NDA is reviewed. Clearly his stance have changed and looks like delays is indefinite. Elite also flooded the market with 6 millions dollars worth of shares in the past few months, that's 20 million shares at 30 cents. the 34 million remaining will fetch a whopping 121 million shares at current price. With the additional studies likely, Elite will not have enough money. I wonder how many shares Elite will put out in the next offering?
Their might be something in the meeting he is not disclosing, But looks like delay in filing for sure.
They did meet in October, just not face to face, Q and A format. Monday was the face to face format.
There where a lot of conviction about filing in December in September but not so much today. When he said lets not rush the NDA so we can do it right, we all know what that means. :(
The only source that said FDA was impressed was Nazrat. His credibility is a bit shaky... Don't you think?
That machine might be rusty by the time they get Eli 200 approved.
Nasdaq, He strung all of us along. He hinted multiple possibilities with final decision made at years end.
Sadly, that could mean an indefinite delay. Waiting around for FDA to come back with more question could take years.
Naz knew all along that no one was interested, yet he strung investors along for the past year promising partnership was at hand EOY.
If someone was interested, they would have made a reasonable offer that Naz could accept.
Really!! Naz alluded to a possible Partnership by years end. now we know No one is interested!!!!
and finalization of HAL study.
expedited review for Elite!!
looks like delay
Looks like Isradipine has yet to launch hence the flat earning.
Looks like it will be after hours, which makes some
very nervous.
That is not true, he must protect PPS because of LPC. Careless PR can cause PPS to plummet and when its time to sell to LPC we would waste much more shares than necessary.
Because of the need to tap into the LPC deal for funds, Naz has to be tight lip about any news that would negatively impact PPS. The pattern in the last few conference has been to Pump and gloss over the bad news. Naz is doing what he can to maximize the LPC deal.
Maybe less than 2 percent pickup shares at 4-6 cents, The rest are sucked in after the phony evaluation. :(
That is true with many drugs, not just Opioid based drugs. Abuse deterrent has to start somewhere. The market will push for better technology down the road once they see immense profits to be made. Elite might be the best right now but the risk of losing all your money overnight is possible should a better technology supplant it.
Institutional investors that has less shares than most individual shareholder on this board is irrelevant. It is an embarrassment to Elite,nothing to boast about.
Those shares are not real. They get shifted quick when bids gets close. It has been there since 28 cents.
Everything Naz said said in the last conference has not exactly played out.
We are also suppose to be at $2.10. according to your beloved CEO. Credibility might be an issue here with this CEO.
I thought all that would change with the positive HAL study. Hopefully Partnerships is on the horizon. Even a sales and marketing Partnership would send this stock over a dollar.
Dropping a few dollars on a stock does not signify confidence. They saw it as a possible lottery ticket.... A long long shot.
Institutional investor that has less shares than many longs on this board including myself.... I would not boast that. :)
PPS says it all, We are selling in the 20s.
Hypothetically speaking, let say Naz has a cousin or an aunt or 100 of them and they know that he is about to release a phony evaluation, You think they would cash in? Naz does not have to do the dirty work himself.