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Gap filled. Whew.
Why people waste time responding to idiots is beyond me. Use the friggin ignore button which is the best IH feature.
Thanks King. I appreciate your efforts and look forward to your review.
As you know, I previously warned of over exuberance and worried that a number below the blowout last quarter would be negatively received. All I can say now is "Whew". Ironically the best thing to happen to this company was the Lannett cancelation of the Adderall distribution deal.
The former exec was a schmuck. He didn't believe.
With the current quarter including the Prasco/Burel 3 month manufacturing revenue, the predictions of over 20M posited by more than half the guesses will probably be accurate. The next 4 quarters, without any needle movers, can reach 100M a year in revenue. This baby is going much higher. Congrats to the current shareholders. I expect the next gap tomorrow morning will not be filled.
Must be a fan of the Price is Right. Come on Down!
Over 45 million would mean a minimum of 15M this quarter. I feel a lot better now.
Still waiting for the Jour guess. Also please end the feud with HGIS and post his guess. Moderators should be somewhat impartial.
On the last conference call NH stated that the revenue would easy exceed 40M meaning it would be over 10 M this quarter. If it matches or exceeds the 14M form the prior quarter, shareholders here should be sitting pretty.
Citadel pulled its offer to sell 99k at .197.
The label clearly states that the Prasco product is manufactured by Elite.
On that time schedule we can expect a decision by the Judge in June or July.
Looking forward to you making a guess as the the ER. Step up to the plate and swing for the fences.
Unfortunately he didn't practice what he preached and not only threw in the towel but failed to step back into the ring when he saw a rebound. Like many here, I was very fond of him and appreciated his off beat scat poetry. Luck and timing are two major components of successful investing. Alas poor Yorick.
The blowout 64% increase from quarter 1 to quarter 2 which reported 14.1 M in revenue, albeit somewhat skewed by an extraordinary gain, has cause more than half the guesses here to predict a 20m+ 3rd quarter. As previously noted, this years revenues will be boosted by the Prasco Adderall manufacturing deal with a initial delivery in December although the contact actually started in January.
With the Adderall shortage, it has been reported that the DEA, which controls the quota allotment, has probably given Elite at least a modest increase, and Elite has helped Prasco apply for their quota since they previously had no quota as a seller of the authorized generic.
My concern is that a 3rd quarter report at or near 14m will be considered disappointing by new investors who do not follow the company as closely as many here. Should that happen, it will be a great buying opportunity before the conference call when Nasrat make important forward looking statements regarding future revenue, the Purdue litigation and the progress of the needle movers.
I believe 3 new MMs came aboard and one has since dropped out leaving 11 currently. While they are buyers of shares, they often go on the offer to prohibit a run before they finish accumulating. Expect that volume this week will be a multiyear record.
What you consider price suppression appears to me as Market Maker accumulation of shares for a large purchase by a buyer. For example, if a big buyer or institution wants to buy lets say 1 million shares for a price up to .25 cents, the MM(s) take all the shares they can below that price and then when the have enough to fill the order, they print the trade. While this appears to be a "holding pattern" to stock watchers, it is actually very positive for those who are long term holders as is the case for many here.
As mentioned in a previous post by the King, a three day bench trial commenced today in Federal Court by Purdue v. Accord, an Indian drug manufacturer that is attempting to market their version of Oxycodone. The Purdue lawsuit against Elite was stayed pending the Court's decision in the Accord case. A loss by Purdue will have major implications in the the Elite case. Since this is a non jury trial, I expect the Court will render a decision within 30 days.
Last person to buy for under 20 cents coming up soon.
Todays trading pattern is a good indication why we have to get off the OTC. Hope NWBO wins its case against CDEL but Ken Griffin still a billionaire. Casino almost always wins
No I didn't go to Purdue. I went to NYU
They won't comment on Purdue because they are chicken.
Over 20M and this stock can go to .35 based upon a possible 80-100 Million future 4 quarters. And if my math is correct , 4 quarters add up to a $.
Successful companies under promise and over produce my friend.
I remain wary of over expectations of a revenue report in excess of 20M predicted by more than half the posters on this Board.
We do not know whether the last 14m blowup quarter was attributable to an extraordinary gain such as a final Lannett payment. The one sure source of additional revenue from Prasco, as noted by many here, will not be reflected until this quarter's report due out in May.
Everyone is required to file a 13D if they own more than 5% of a stock. If my math is correct, that would be around 65 million shares. If we believe some of the posters here, they may be close to the requirement.
When will be the last day that Eltp traded under 20 cents?
MMs are trying to shake out some weak hands. I suspect that they have a large order to buy that they hope to fill soon. You were the last to buy at .099. Soon someone will be the last to buy under .20 as this baby still remains deeply undervalued.
Is the schedule of the 3/24 meeting at CHM reported to the public before it is held? TIA
King are you predicting stock to remain under .20 until after the ER at or around Feb 15?
While market timing is problematic, the erstwhile self proclaimed King has indeed a knack for catching major moves. Since I have level 2, a actually saw him successfully buy the last big block at 10 cents, a price that we will hopefully never be seen again.
If predictions of earnings in the range of 20M a quarter are correct, it is likely that 20 cents will look like a steal in hindsight which is almost always more accurate that foresight.
As Groucho used to say: Last chance to beat the other couple. (The secret word is BUY).
Market Beat is a tout service trying to get suckers to buy other companies on their agendum. Elite crossed above 50 day moving average a few months ago so the report claiming this was recent is false. I hate these tout sheets since they often are a sell signal.
While the .20 resistance level has been hard to pierce, the relative stability of the two month price range has given new investors a reasonable entry level as some long timers have probably taken some profits. A sell some and pray that you are wrong philosophy is not unreasonable. You never know when some unexpected event such as major bank failure will affect all stocks. Remember 2008. But then again, I'm getting old and sometimes I forget the Alamo.
Gordon Gekko - Greed is Good. (Not really).
If nwbo has a vaccine to cure cancer instead of requiring treatment with poisoning with chemotherapy, the upside is a multi billion market cap. Comparing apples to grapefruits. That being said risk reward still favorable to Elite with proven opioid product versus a long shot cancer cure.
Stock seems poised to break out above .20 to new high. "Michael, were bigger than US Steel".
$16.8M
The minimum price to be listed on the Nasdaq global market is $4 per share. Since Nasrat opined that it was $5, it appears he has not researched it and will currently is not entertaining a reverse split to qualify in price.
Once on Nasdaq you need to stay above $1 to avoid delisting. Most reverses are to avoid delisting hence the poor results after announcement of the split.
Trading pattern may reflect that the down payment for the home still has to be bet.
Not a good idea to surfboard when a tidal wave is coming.
But I heard the stock is dead until the next news or earnings. Have any news or earnings been reported? I'm following the guy who is never wrong. He's good.