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I am glad you sold TOO!
Usually, Valentines' Day-ish. They should announce the exact date a few days before.
I am reminded of that irritating song, "SO YOU HAD A BAD DAY". Whelp. It could be worse. YOU could have my Feb 22nd AAPL calls!!! OUCHINGFREAKINGFRAK!!! Ah well, no guts, no glory.
My ELTP shares however, will not leave my strong hands due to down days. New investors, please be patient. You have made a great decision backing Elite.
Traders will come and go, basically giving and taking money from each other(fear and greed). Please do not fall for the fear-mongers' traps. I will not even CONSIDER selling even 10% of my million shares until we reach multi-dollarland.
Good things to all...Hb
Kenny, NOTHING would surprise me. If/when a Big Pharma partner is announced for our oxy ADT drug, we could fly into qualifying territory in a heartbeat. I can't remember what we need for the Nasdaq...trade for $2 for a month? I dunno. BUT, when our name is linked with a BIG name, a whole different set of deep pocket investors should arrive.
Let the games begin
Actually, kennyt, Elite HAS posted on all week days before, although the majority of material events seem to be Tuesdays and Thursdays.
Apparently Couch, Camargo averages 4 FDA submissions and approvals per month. That would be ON AVERAGE, 48 per year? But math is HARD for me, so you had better figure out the hard stuff yourself.
Thanks for the patent update, Lasers. And thank you for the role you have played in support of Elite. Salud!
I am sort of Mesmerized...
I am leaving for the Big Island in a few weeks. I am looking for acreage near the tide pools in Kapoho. It is called "The Blue Hole" because the sun shines there, while raining elsewhere. tropical fish, turtles and monk seals swim up to the deck of our studio we rent. It is heaven.
I have not been to Costa Rica yet, but I will go before making a decision. It sounds fabulous.
ELTP dreams...
WHAT are you TALKING about?
Debt? Debt conversion? WTF?
Asking a transfer agency about outstanding shares? THAT is not the job of a transfer agency. A tranfer agency tracts shares for a company, but does not REPORT to the public.
You are a trader. Ask your BROKER about the outstanding shares of a particular company. My broker does.
Anyone.....Anyone...Bueller?
I dunno Couch. THAT is multiplication. And we all know... MATH is HARD!
Does anyone know where to find that Gabelli info?
I think it is Potluck. Yuck.
Thank you Hike. You typed so slowly even I could understand it. But I am better at English than MATH!
Dr. Ryan, you are probably correct. I can't help think that every move Elite makes/doesn't make is strategic.
It has been a wonder watching this story unfold.
I have to agree that the website is cookie-cutterish. So is Epic's and so was Mikah's. Elite has enough money now to build a better presence.
Anyone remember several years ago when Epic had a picture of Elite's building on their homepage?
Conix,
If you go to www.elitepharma.com, then to their products page, you will see a list of 30 drugs from development stage through launching. TWO of those on the list are; Extended Release Opioids, and Abuse Resistance Opioids. Notice the PLURAL "s" in each. If we just count the most commonly prescribed opioids (morphine, hydrocodone, hydromorphone, oxycodone & fentanyl) then the pipeline has 38 drugs. If you then, add two more dosages to the five most common opioids to both the extended release and abuse resistant lines, you add another 16 drugs. That gives us a total of 54 drugs.
But you do the addition because math is very HARD. That is why I have accumulated 1 million shares. It makes the math easier. If Elite is at 23.5, then I know I have $235,000 in my account. When Elite reaches a dollar, I will have $1,000,000 in my account. See how easy that is?
And I have NO intention of selling at one dollar because I am beginning to really LIKE math!
In the Summer of 11 I made my bulletin board. I listed all the companies, all of the drugs, and all of the players. Everything was color-coded with arrows and notes all over the place. In huge print I wrote; FOLLOW THE LAWYER (VP Actavis, compliance specialist). WHY IS NASRAT HAKIM WAREHOUSING DRUGS FROM ACTAVIS? Why are there so many links between Actavis, Epic and Elite?
Then, low and behold, HAKIM becomes our CEO. And he brings his drugs with him. And WHERE do these drugs end up? Epic.
These folks are so intertwined they could be related. Just one big, incestuous bunch of over-achievers who are going to make BOATLOADS of money together. They are even fattening each others' pigs for cryin' out loud.
I believe Actavis will buy us out. And that's all I have to say about that.
I agree. And just be aware boys, every post is stamped EST time. A post that reads 4am would have been made at 11pm from Hawaii.
All those CHEERS make me look forward to my farmland in Kapoho. Thanks to Elite, MY dreams are coming true...
Another thing to consider is that financial institutions are "funded" the last day of the month(give or take), so many of them buy securities on the first trading day of the month (give or take). As Elite becomes more visible to the investing world, we may see a push at the first of EVERY month, let alone with each and every upcoming positive PR.
Are we having fun, or WHAT???!!!
Question for the Board
Might the 10 mil shares sold early today have been Lincoln Capitol? I can't remember the rules and regs they have to abide by. I remember the contract included "no shorting", but I don't remember if they had a time frame for selling. It would make sense. Any ideas?
Excellent post AJ. This company (or whoever buys us) is goinhh to do VERY well. GLTA
Do you know your ABCs?
Actavis
Bristol-Myers Squibb
Celgene
Discovery Labs
Eli Lily
Forest Labs
GlaxoSmithKline
Hoffman La Roche
Isis
Johnson & Johnson
K-V
Lannett
Merck
Novartis
Ortho McNeil Janssen
Pfizer
Qualitest
Ranbaxy
Sandoz
Teva
UCB
Valeant
Wyeth
Xanodyne
Yuhan
Zydus
The volume is UP, the buy/sell ratio is strong, and the PPS goes DOWN.
Absolutely MAGICAL!
Smells like Institutional Spirit
Have a safe Merry Christmas everyone... ELTP
Somebody needs to do a slight edit job so the article can be posted.
I would have to agree with you StockSwami. To day-trade successfully, takes a lot of experience and even more control. Emotion has to be put aside. And emotion is EXACTLY what charting displays. Supply and demand, fear and greed, bulls and bears. There are technicals that don't SEEM to be based on emotion, but if you think deeper they all are.
A penny stock that is under control is pretty much only successfully "day-traded" by those in control. ELTP is WAY too illiquid..unliquid... to trade in and out of easily. Most of the buys appear higher, most of the sells lower. To us not in the know, nobody is making money wash trading the stock. If one controls what the sell and uys LOOK like, a few tenths of a penny traded over and over can make money. Not a TON given the volume we see in this stock.
Serious day-traders AREN'T trading Elite. One can make more doing calls and puts on aapl in one day than you can do here in a month, easily.
IMO, buy and hold this stock. if you want to trade, you will do better most anywhere. peace
Freaking patent lawyers. Now THAT is a career I would pay not to do. Sheesh.
It IS material and SHOULD be PR'd. If we had a major pharma partnered with the trials, our wait would be over (check out OMED this morning.) BOOM!
I am just not sure if Elite is going to grab the market's attention. I hope it is worded well.
I guess I am a little nervous about these nefarious "entities" selling off now that the Poison Pill has been adopted. Remember Trellus?
I am hoping these folks are still motivated to keep their shares (maybe for a future buy-out?). I don't know. What do you think?
What KIND of affiliates?
Obviously a JOINT venture!
If the answer is "yes", then it is done with OUT leaving evidence! So you seem knowledgable. I want to know HOW it is done!
I have a question.
It seems reasonable that institution(s)could be quietly gathering shares of ELTP. Is there a way to hide a 10%+ position from the company/SEC?
And PLURAL at THAT!
Are you saying that YOU are part of the study?
Actually, Trader, I think this event is more about the press release than Jerry getting cheap shares. All these guys are going to be filthy rich in a few years without anymore help. This PR seems to me a nice "leak" of things to come.Or maybe he is just jealous of Hakim's 11 mil retirement account Just kidding.
Not ONE problem at all !