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I don't know about you but I am very happy we are basing in this range. Volume has been lighter, thats ok not a lot of news lately. I expect there will be times over the next few years where there will be pull backs and lulls. We began this run at about .12, up 150%, pretty darn good for a 5 year return we got it in 5 weeks. I would be pretty happy if we based in here for another 6 months (I think 6 days may be pushing it) before another 150% run , which would put us around .70.
GLTU
I would not be surprised to see this happen in the next three months.
Nasrat will be asked about this or address this next Tuesday.
I know he was in talks with several lg pharmas 3 months ago but wanted to wait for data. He has some in hand now and will have more almost every day as studies proceed.
Really looking forward to the CC.
GLTU
Selling volume dried up, imo we go back to .30 on just a few 100k volume..
Really looking forward to CC.
I know this a basic question and I have not read a lot since the 8k, but how do the new series 1 shares facilitate a partnership?
I can not fathom that the BOD or Epic would allow someone to come to the company and basically hand over 50% of it or more in 8 months. Epic and BOD don't want their shares devalued and would not donate there wealth(stock) to a newcomer. Makes no sense. Other stuff must be going on and it will be very interesting to see what that is.
I think Ryan made a great point when he said.
"Epic and the BOD, who voted for this...are going to let themselves be wiped out? lol.
Epic owns 63 million shares. 63 MILLION. Again, they are only going to vote for something in their best interest. The BOD all own common stock..just like us."
I can not see any way EPIC and the BOD would have possibly allowed something to happen that would greatly decrease their % of Elite. It makes no sense. There is more going on here imo.
GLTA Longs
Poorme
Were you able to pick up some cheap ones in the mid .20's?
Sure hope you were, back in the .30's today.
Conix,
What is your take on the chart at this point?
Ya it sure is!!
You may be correct.
I know Nasrat will be asked about them, if no one else asks I will.
Should be a fun CC!
The results from the trials will send the stock to a new base imo.
I am really looking forward to see what Nasrat has to say about the results in a general sense if they are not released. As it has been stated here, they would not have proceeded if the results would have been negative.
I am also very interested in, at what point in the trials will Nasrat be willing to sign a partnership?
I am confident he has interest, but I am sure he will want to maximize a deal as he is a very large shareholder.
GLTU Ryan
Float appears to be pretty well locked up in this range, moving up from .28 to .30 on very little volume.
GLTA
Over 400k on the bid at. 2790
Nice
Agree. Great post.
The fundamentals of the company are solid.
At this point Nasrat imo is not concerned with stock price fluctuations.
Sure folks that have not done a lot of dd on Elite will sell on pull backs during quite times, but imo no reason to panic. Let it play out and buy more on dips.
What do you think the price will be in a year? Thats the question to ask yourself.
Down on light volume.
Looks like everyone accumulated at .29 to .31. Now New longs are full and a few sellers are taking it down.
Looking long term everything is very positive, heck I'll bet in a week or two we will be seeing a of green.
GLTA
Volume is light.
If you put in stop losses they will get taken out.
Nice buy!
Volume and price build up will start by middle of this week. imo So its a great time to add.
It also appears to be basing and churning in this range. A lot of folks have bought and are buying in in around .30 (board marks increasing everyday now at 462) and it appears most of the traders have moved on.
GLTU
Holy Bid Support Batman!!! Check out that 60,000 share Bid at .3406.
Something must be cooking.
I think vrty is a sleeper, and once it wakes up it will be very difficult to accumulate many shares.
I picked up just short of 6K at .3299 at the close this week.
Really nice to see the bid support yesterday and today.
GLTU
I have no idea what will happen today. My guess would be a close between .30 and .31.
Now whats more fun is to guess where Elites stock price will be 1 year from now.
GLTU
The company is always hush hush unless they an event that requires an 8k.
Boy she's very thin.
Thanks for the post
My guess is that Elite will not be issuing results to the public, but has already released results to potential partners. Lasers has suggested that Elite may have been advised from camargo to not put premature pressure on the FDA by pr'ing results.
However Nasrat will be asked durning the CC about test results. My guess is we get no numbers but an answer like. they are proceeding as planed and we are pleased with the numbers we have seen.
All imo
Mt question is at what point ( test completed) does Nasrat think he can maximize the deal for Eite's shareholders with a potential partner. Are we there yet, 1 month 6 months ?
GLTU
Is your goal 3 or 5 million as you posted it was , and almost there about 4 weeks ago.
It might take that for a lot of investors and investing entities to take the plunge.
Then we will have the credible analysts making a strong buy recommendation for Elite. lol
At each level we will gain more long term investors.
GLTA Longs
Float seems to have really tighten up in this range. Moving up and down on very light volume.
Been there. lol
Thats the nature of this exchange. When we are on a different exchange and pop up 200 percent, ya we might not pull back as far. But ELTP is having a heck of run, and a good size correction was expected.
Do I want it to go up 200 percent and have only a 10% correction? Yes I do. Sign me up. lol
Do I want no more dips? Yes I do.
I'd be very happy to see it churn in this range until the market sees another pr.
The bounce off of .25 was very strong.
I think we could see some dips before that pr, for your sake it would be nice if your funds cleared on the same day as a dip.
GLTU
I think it was you that suggested Canargo most likely told Elite to not release any info on the studies so as to not put undo pressure on the FDA.
It will be interesting to see what Nasrat says about the results, when asked at the CC.
incredible the stock went from about .25 yesterday up to .32 today on about 3.5 mill volume. WOW
Where will the new base be after the next run?
I'd guess .42 to .48, but its just the start, on its way to dollars in the next 12 months imo.
GLTA Longs
Price picking up again very nicely.
It makes me wonder with no news, if the entity that started this rally did not take a break and is now a buyer again.
I am not a chartist but I don't think on a tech basis with lower volume this am you have traders all of a sudden come and start buying stock up above .30.
Impossible to know but you have to wonder if a good portion of the traders have not sold and their positions are now in the hands of longs.
Does not appear to by many shares available below .29.
If someone wants to buy 500k shares they will drive the price up at least a penny if not 2.
IT is very volatile on the smaller volume this am.
GlTA Longs
Does not appear to by many shares available below .29.
If someone wants to buy 500k shares they will drive the price up at least a penny if not 2.
G:TA Longs
It could happen.
But there is a a lot of value in this company, imo Elite will not even trade on this market in 1.5 years.
So if it pulls back buy more.
Show me a company with Elites pipeline, a potential blockbuster drug ,with their manufacturing facilities, at this market cap on any exchange. You wont.
GLTA Longs
Did you end up buying more on this dip?
I screwed up and sold some at .19 and .23.
Because of these sells I was gun shy about letting another 5% go above .30.
Bought back this morning at 10:08 got in it at .25
It was only a small portion of my position that I sold.
Been here for 3 years and also have a 7 fig non trading core.
GLTA Longs, Although we really don't need luck at this point.