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Normally preferred shares have different rules and so will not be touched or can altered during a RS or other like transaction.
Many companies that are looking to branch out will try to close out on certain preferred shares with their owners due to the voting rights these shares carry, (and cause deals to go sideways).
But for Nasrat and JT to be of same mind and cord and having these shares allows them to do many things, like close a deal if a RS should happen. If an outside investor had these shares they could do the opposite and hold up a RS and that is why the past 2 years ELTP has been closing all other preferred share accounts.
Very smooth indeed!
To sum it up: No preferred shares will not be accounted for in a RS, (in the traditional sense). They will be used almost like executive orders to make decisions such as staying off a hostile take over, or being used to close a deal such as a RS. They may even have other plans we are not yet aware of, but these shares were issued for a reason other than just selling back to the market for equal value.
Oya and lastly this also means simply JT and Nasrat have more Skin in the game. It is a good show of faith and how much they believe in the future of ELTP. I mean if they didn't then they wouldn't wrap all their money into shares that could possibly be worth nothing. They are betting on the side of the investor and are putting their money where their mouth is...
I just pulled the trigger at .26, but left some fuel to buy more if it goes lower :)
So Couch what you are saying is that anything below .115 was a steal!
Glad I listened to you and bought tons of shares at .07 w0ot!
"People pay way too much attention to the short term."
Warren Buffett
"No stock goes straight up"
Then that means ELTP is following the correct course by doing what all stocks do and have pulls backs to create a strong floor to launch from right?
So I guess you are trying to say ELTP is looking really good at this point right?
Thank you, I think so too!
Ok we are dropping back down now, ( for a bit).
Don'y be surprised when we start getting posts from people saying this was all a head fake, it's not!
Fact is, Elite is doing tons of things and finally getting noticed, (but still flying below the radar).
I suspect March will have us in the mid .40's and by July 1.00
Who doesn't like those numbers huh!?
Welcome Newguy11,
Thank you for your contribution, (earlier posts) to this MB.
Maybe today due to the market being closed we can take a closer look at some charts to see what will lay ahead for us this week :)
Again welcome to the MB!
I will take them!
I am sure you are trying to free up some cash to buy more SNDY!
Couch,
There is a soft support at .20 and the chart shows it. Thank you for pointing that out to conix and the rest of us!
Actually that won't happen. There is actually 0% chance of that happening or are we reading two different 10Q's?
I think Nasrat knows what he is doing since he has many years of experience in this field.
So I will leave it to the pros as usual…
Strictly speaking about the PR, the relevance of “still waiting the data from the first study” is ignoring about 99% of what was said. I don’t know about anyone else, but I usually take in account 100% of a PR’s information.
To grind this axe a little further; why would Nasrat tip his hand and reveal his progress during this study at an unfinished and pivotal point?
Either further; why would Nasrat provide FDA updates with a unfinished study?
I bet!
Or how will people get those shares at .125???
I know I want em!
Well maybe a pull back to .125 so some people can finally unload all them shares they been wanting to sell w0ot!
100% Agree!
I could honestly care less about where rumors & opinions were fashioned from. LOL LOL!
Actually Couch was describing the many facets ELTP brings to the table. Please explain "merely a little generic company" is even a rebuttal to the TRUTH already spoken?
Let us not mince words; ELTP is biotech and is a pharmaceutical company. Any other labels are biased opinions...
Couch,
Who's in the green?
WE ARE!!!!
I am sure it will underwhelm since it is just a progress report so maybe it will be a flipper's delight?
Might as well get to the core of things right?
ELTP normally does not post PR for material event due to competitive reasons.
Actually no, so let's plan for no PR and just be happy that Hakim told us there would be a new study on the 10th and wait for him to talk about it in the next CC.
If there is a PR tomorrow then that would be unusual for ELTP.
And yet we all already know that ELTP will most likely not release news tomorrow due to material events in the past and will talk about it in the next CC.
So by saying there should be a PR tomorrow and knowing there will not be sounds like plans to flip shares when people start to talk about the assumed PR that let everyone down...
LOL same old, same old...
400,000 LOL! Metha was lucky to get that! Our smallest product makes more than that in a year and he took 400K? Appears to me Metha knew exactly what he was worth and then tucked his tail between his legs and scurried off into the wilderness.
The JT steps in puts out the fires, stops the cash burn and lays down the foundation for Hakim to start studies.
Correct, that topic gets brought up here many times...
Oya like if discussion and negotiation mean the same thing correct?
The world needed to know!
Discussion and negotiation mean the same thing.
https://www.google.com/#q=discussion+synonym
Pressure is building and the graph shows it!
Do you happen to know who Crammer is?
I am not a fan of him, but at least we can confirm there is an expert that has studied this, have a great day! LOL! LOL!
"Cramer's final investing trick he wants to impart is the importance of realizing that "sooner or later, all hot stocks implode."
By "hot" stocks, Cramer means "small" stocks, or stocks with a low market-cap and very little research coverage, that have been going up for a long time.
"Small, hot" stocks are definitely worth owning, but people must know when to sell them, Cramer said. That moment usually comes when there are too many analysts jumping on the bandwagon."
http://stocksthatmove.com/education/content/jc.pdf
Ah so experts have commented on ELTP, Thanks!
It is only polite that I get an answer for my question before answering your question please, thanks! LOL LOL
"What experts"
Define expert?
BTW if you mean analyst…then they are not experts either; actually it has been proven that any stock with more than 10 analyst reporting is considered over coverage and is actually not a good thing when it comes to company transparency, but I bet you knew that already?
oh look! we are past .125!
"flipping part" is used as negative term for trading?
How about the stock is trading and that's it; and a pull back was a 100% guarantee after yesterday. This is stocks 101!
Also I am hoping for more buys at .13, .12, .11 if I am so lucky so bring it!
IDK .125 is all I thought you cared about...
So what context does "massive" take on?
So please find another company that is in the same range as ELTP with less shares?
Oh I will do you a solid!
SNDY
.0001 stock with 10 times more shares lol!
You are correct context is important :)
But, you have never
The question should be stated as "may" and not "can"
Hope that helps!
Correction:
ELTP does not have massive dilution and that can be proven.
So maybe something else is holding the PPS down?
Since you alrdy mentioned positives with no pumping then I cannot guess what else it could be???
Please elaborate why no pumping is needed, thank you!
Why?
Your comment is suggestive & I am seeking clarity…
Ya cause stuff like that does not happen…*** That's like Samsung calling the iPhone black***
LOL! LOL!!
Oh so you are really saying that every other company can 100% promise FDA approval by any means? Now that is funny LOL! LOL!
Apples to Apples right??? Am I Right! LOL! LOL!
"Ah yes I forgot the 12 hr product is already miraculously approved!!!! Hysterically funny"
This is all in satire correct? Just want to make sure, thanks!