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Because of posts on the "break out" boards (thanks? DrugDoctor), ELTP should run for a while. Just remember longs, those folks will also LEAVE. Plan accordingly.
ONCE IN A LIFETIME
KEYO is a shell owned by billionaire Dr. Patrick Soon-Shiong. It has just been reinstated. Possible reverse merger for Nantworks?
The potential is HUGE. Read the due diligence done the last few days.
Good luck everyone! Hb
Dr. Patrick Soon-Shiong reinstated KEYO. Even if it turns out not to be a reverse merger of Nantworks, I cannot fathom it being anything less than spectacular.
And WHERE on that chart are YOU selling? That is truly one of the SILLIEST things I have seen here. Sheesh.
People
Shhhhhhhhhhhhhhhh...............................
Why are you saying this is nonsense (in capital letters)? Dr. Soon-Shiong already OWNS this shell. It makes PERFECT SENSE if he chooses to make his public "debut" this way. It would also allow him to create his own share structure for those who have already invested in the Nantworks family of businesses.
A "Reverse Merger" is a method by which a private company can go public by merging with a public company. In a reverse merger a private company merges with a public company that usually has no assets or liabilities. The public company in most reverse merger scenarios is usually referred to as a "trading shell company" or a "reporting company".
After the reverse merger the private company would retain most of the public companies shares and would be trading under the name of the private company prior to the merger. The board members of the trading shell company would resign and the private company would appoint their own board of directors.
The biggest advantage of a private company doing a reverse merger with a publicly traded company is the time it takes to get to public markets. If a private company goes public by way of a reverse merger with a publicly traded company they can do so in usually two weeks instead of going through a filing process that takes between six months to one year.
REVERSE MERGER FACTS
Shell companies that report to the United States Securities and Exchange Commission (SEC) do not have hidden liabilities, hidden shares or potential litigation.
Nearly half of the companies trading on the OTC.BB Exchange went public by way of a reverse merger.
All private companies that go public by way of a reverse merger experience higher evaluations once public.
All private companies have an easier time raising capital after going public due to shareholder liquidity and reporting requirements.
Ted Turner did a reverse merger with Rice Broadcasting Inc. which became Turner Broadcasting Inc.
Blockbuster Video went public by way of a reverse merger.
Thank you VortMax.
WHALES? I thought it was going to be LLAMAS! I have two questions and please pardon my ignorance.
1) What are NOLS?
2) Institutions won't buy into this(assuming it happens) until it is duly announced as Nantworks, correct? So "whales" are individuals with big money?
Yes, on the Big Island.
Congrats, Dr. Pete Rose. I just closed on my property also!
I watched the Larry King interview. Dr. Shiong is nothing short of fabulous. I spent all of yesterday researching him, Nantworks and KEYO. All the dots seem to be connecting. Reverse merger makes total sense.
And how interesting that Nantworks.com is "UNDER CONSTRUCTION"
MY goal is to own the entire float
I agree Doc Pete. Nasrat has the third patent in his pocket, $40,000,000 in financing, and extra shares coming if he needs them. The ball is in HIS court. Pretty awesome, actually.
We are going to wake one day to a partnership or buy-out. Tick, tick... it is only time...
You could be very right. Or I could be. We won't know until it happens.
BUT, what I DO know is that the pharmaceutical industry is cut-throat and that money almost ALWAYS wins. Big Pharma KNOWS what Elite has and what the public and congress are demanding. And one of them WILL buy what we are selling (are we?).
The increase in share count, the poison pill, and the money from LPC puts Nasrat in an EXCELLENT bargaining position.
I wonder how much he wants and when he wants to retire? HE is going to WIN and WE are going to WIN. It is just a matter of TIME.
Big Green,
We could have a partner TOMORROW. It cannot and will not be discussed until it is announced. The most that the company can say is "they are talking" to prospective partners. If anything else leaks, it is insider information.
If a $200 a share company announces a partnership with Elite what do you think the PPS of ELTP will be five minutes after the announcement?
I know I do not want my funds tied up elsewhere when that happens
YOU bought high on a momentum run-up fueled mostly by day/swing-traders and market makers. Not one person forced you to buy high. I bought in the twenties two years ago and was under water for almost two and and a half years. Did I blame anyone else for buying high? No. I sucked it up, continued my due diligence and held my shares.
The company has a REASON for not divulging the name of their assessors. And believe me, Lincoln Park Capital did a WAY more intense evaluation of Elite before they committed $40,000,000. Do you THINK?
The company has done nothing but BETTER itself since you bought in. And YOU are not going to have to wait two and a half years to get MORE than your money back.
Wait it out, or sell now for a loss.
Voted FOR in 3 accounts. Pretty amazing that the proxy info gets to all of us, through different brokerage accounts, simultaneously.
Go get 'em Nasrat.
Thank you AJ!
WEGOTTAHBEDDAHEMBEDAH DAHLIN', Dontcha KNOW it's TRUE
Get on it Senderos!
Level 2
Anyone else notice that the bid has been higher than the ask several times today? Is someone NEW to the job?
Destiny Defined, you ARE the MAN! Great questions. And great answers. Thank you so much!
I think if you SKIP around the farm, the price will go up!
VERY well said and I totally agree.
$6 a share is my exit price. I would prefer a buyout. MUCH easier on the nervous system.
Darn. You are making me jealous. Am I gonna have to get a REAL job again so I can buy more shares?
WHO released the demons? Somebody must have left their post.
Hmmm.... The brains that ended up with the patent created by brains. Elite sounds pretty darn smart to ME
Anti-Crush Method. About as antiquated and effective as the RHYTHM METHOD. GOOD for THEM.
Couch,
Regarding "the gap". On January 23rd the price RAN THROUGH .35 to.375. Therefore, a gap cannot be created within an already filled space.
Just my theory. Hb
Good to see you out on parole, Couch. Hey. Did I hear that Nasrat is presenting at another conference soon? As I recall, the Rodman conference plus Matthew David's article in Seeking Alpha gave our PPS a nice bump up. Have you heard anything about this?
Thanks Hike. Whelp. Nobody can accuse that article of containing fluff!
Kind of like putting your bread dough in ice water and expecting it to rise. Not.
Interesting
Nice chunky bids lining up.
Just remember all of these sells are MMs buying. There is a quarter mil buy order @.35 stacked behind the MAXM order. I was hoping they wouldn't scoop this low, but they may. The ask is thin, so we should rise rapidly when they let go.
If Actavis announces a partnership with ELTP at 0500 tomorrow morning, this stock will GAP up a buck in a heartbeat and be at $3.00 before YOU can even place an order! THAT gap will NEVER EVER FILL.
NO! Everyone needs to stop obsessing on this !!!
All gaps DO NOT FILL. And 1 share will fill a gap.