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Hey Joe my brother I hope so I hope you're right anywhere in those figures would be fine with me I just am hoping for shares in the new company instead of capital gains on the payout plus I would love to see that new Company fly with me as a shareholder check out the production facilities for Puracap 100,000 ft.² in San Juan Puerto Rico Plus 30,000 I believe in Kentucky which is also distribution Central for the United States and Epics Pipeline and production facility. that is the one heck of a pipeline productline out of the gate
I really would like a brand-new public company with the merger of elite with pureacap ; all of their current holdings not humanwell, human well owns Puracap ; with puracaps US three or four pharmaceuticals that they now own merging with elite to create a PPS well above listing regs which would also create a somewhat reverse split for current elite holders but that reverse split meaning something like one share in the new entity for every three that you had with elite by itself but the new PPS would be 2 to 5 dollars a share in the new company created
All I care about is a profit as Buffett said you'll never go broke taking a profit
Only one small 4400 trade with 30 seconds to go on the day almost the entire last hour and only 4000 shares traded and it was green it was positive on the last trade also last two trades on the Eltp for the day were green too weird
Not sure on the news except guaranteed will not be bad no matter when it is communicated
You don't have a 500 million share float and no trades for 40 minutes on a pennystock good or bad trades up or down something is brewing
No trades on elite in the past 40 minutes that's just too weird somethings up this is being played out by the MM and maybe even the company and future buy out partner as to market manipulation to keep it where it is at while they finalize a deal somethings UP
And we also have no warning before it was announced that direct Was buying epic for $500 million
I watch it every morning pre mkt to open and these pre-market values are MEANINGLESS until the open at 9:30.
They can if they speak Mandren Chinese and have already bought several pharmaceutical companies
Does anybody else get the feeling this thing is winding up tight like a rubber band and getting ready to explode something is in the works something soon and oh yes it's going to be very good
Excellent excellent Jimmy agree totally excellent observations
Without a doubt. Nas is playing a little hard to get but he will give it up and when he's ready and I believe to Piura cap ; Humanwell for a fair price for both sides taking into consideration future revenues
Google humanwell look up their homepage. They bought pureacap look up their homepage and see the 3 pharmacy they bought all in last 2 years. Look at Puerto Rico operation and a Kentucky operation and epic and elite to be the next
AGREE 100%!
I like your thinking Joe on elite
Yep, buy ALL you can
I believe the conversion is very very very very positive
It happened Friday afternoon after close SEC filings Edgar elites homepage all of that has the form 4
Anyone else want to chime in on why Nas would convert preferred to common last Friday I know one thing he does not do anything without a plan and reasoning? I don't know what but something logical is behind this action and you best believe it is a positive something for the benefit of the company.????????????????
No it wouldn't be at the closing price but it would be frozen at that closing price and before it opens on Monday for an announcement at the agreed-upon price per-share otherwise as it's being announced it would drive the price up in validating the overall total price based on this year's needed to take over the company all of them at 16.5 PPS if it starts going up then the buyout price is costing the buyer more anything above the total shares at 16.5 cents people will be trying to Biane driving the price higher. It would be anywhere from $.75 to two dollars a share probably or an announcement of a merger a partnership which will then drive the price higher which Nas will be able to take advantage of now that he has common shares that go up where his preferred did not
Why do you think it will not happen on Monday the price would be dependent upon a PPS value which would have to be at the close of the business day perfect scenario right now especially with conversion of preferred to common by CEO after close of business on Friday
Agree Joe: Now I hope it is NOT a straight buy out for Capital Gains taxes BUT, instead, I would LOVE TO SEE the take over/buy out / MERGER to CREATE a NEW Company with SHARES ISSUED AT A PPS THAT THEY CAN LIST, AT LEAST, ON NASDAQ WITH GIVING A VALUE OF CURRENT eltp HOLDERS A PPS TO MAKE THEM VERY HAPPY! WE COULD THEN CASH IN THE NEW SHARES OR HOLD THEM THUS INVESTING IN THE NEWLY CREATED COMPANY, THUS GIVING PURACAP A ENTRY INTO THE US STOCK GAME WITH A FULL HEAD OF STEAM!
if sooooooo bad why was eltp only 2% SHORT FRIDAY? LOL
SOMEONE KNOWS SOMETHING
Date......Symbol....Name...ShortVol..LongVol...TotalVol..Short%
2016-08-19..ELTP..Elite Pharma..9700...460160...469860.......2%
ONCO: google Humanwell and Puracap; look at all they have been buying up and how they have the China market ALREADY AND ANY DRUG WITH A U.S. FDA APPROVAL THERE IS A 6 MONTH FAST TRACK APPROAVL SYSTEM IN PLACE IN CHINA..THIS PLAN BY ALL HAS BEEN IN THE WOKS....I MEAN WORKS (HA, HA) FOR YEARS!!!!!!
You may NOT be able to BUY anymore ELTP AS OF MONDAY AM B4 MARKET OPENS! IF, NOW IF, the conversion of preferred to common shares by NAS on LATE FRIDAY WAS DUE TO A MERGER/BUYOUT THEN THE PPS CLOSED AT THE LOWEST PPS B4 NEWS /WIND GETS OUT AS TO "WHAT'S UP" THUS DRIVING THE PPS UP MEANING MUCH, MUCH, MUCH MORE EXPENSIVE FOR THE BUYER TO "CLOSE OUT" ALL OUTSTANDING SHARES; THAT WILL NOT HAPPEN---------- SO THE "CHEAPEST BUYOUT PRICE" FOR THE "BUYER" IS B4 MARKET OPENS MONDAY AM!
FOOD FOR THOUGHT$$$$$$$$$$$$$$$$$$$$$
Explanation of Responses:
( 1) The preferred shares are convertible into shares of common stock at a rate of 1,428,571.43 shares of common stock for each whole share of preferred stock.
( 2) The securities are held by Mikah Pharma LLC. Nasrat Hakim is the sole beneficial owner of Mikah Pharma LLC
only 2% SHORT VOLUME FRIDAY, 08.19 SOMEONE KNOWS NEWS REAL SOON!
Date Symbol Name Short Long Total %SHORT
2016-08-19 ELTP Elite Pharma Inc 9700 460160 469860 2
A HUMANWELL/PURACAP PARTNERSHIP WITH ELTP MIGHT BRING 3 OR 4 ANDA's FILED BEFORE YEAR'S END
$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$
For SURE THIS Was not just a coincidence
I agree with you Doc it's positive Nas is one of us now we go where he goes
You would need all preferred shares to be converted into common shares before a buy out could occur correct
Couch what do you think about elites form 4 filed late this afternoon
Currently-approved oxycodone 5mg capsules have Tmax after high-cal meal of 3 hours. Bioequivalence standards require SequestOx to be within 125%, or 3 hours 45 minutes. If SequestOx fed Tmax is equal to or less than 3 hours 45 minutes, then it is already bioequivalent to Lehigh Valley NDA #200-534 and could be immediately approved in 5mg size if RLD is changed.
please MAKE SURE you get all of this info, GREAT DD BY THE WAY, TO Nas AND THE COMPANY ANY WAY YOU CAN. YOU WOULD THINK THEY ARE AWARE OF ALL THIS BUT YOU NEVER KNOW. PLEASE MAKE SURE YOU GET IT TO ELITE AS IT IS MOST IMPORTANT!!!!! THANKS AGAIN, GREAT DD!
Elite will partner with the best in the nation to market their drugs
Once again Snup; WORD UP!
ELTP it's going to make lots of money
In a sweeping blow to Wall Street investment giants, the U.S. Supreme Court today unanimously allowed lawsuits against "naked" short sellers in state courts to proceed.
Word up Snup
It means if it was that bad at heck of a lot more people would've sold