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Lasers, when was the gap filled? At what price? Schwab tells me the lowest price today was .31…and Coach said earlier today (190841) that the gap still has to be filled.
I hope you are right. Please give more info on this...thanks in advance (my one post for the day)...
Well it hit .09 two years ago when there absolutely nothing going for it, so i'm hoping it might get halfway back again...
Is this thing ever gonna get back over .05 like it did 2 years ago (to .09)???????????
There are many possibilities with cannabis. CBD cannabis has shown much success already for brain cancer and epilepsy seizures in children. I believe some anti-pain drugs are being developed from cannabis and one may be out there already. I don't have links to post.
But all that will take time for the broader market to accept. Hopefully, ELTP will have been bought out for $$$$$$$$$$$ by that time.
LASERS, PLEASE RE-CONFIRM: 74 DAY LETTER (March 29 or sooner) is the first date that FDA is supposed to state acceptance. (NOT March 14/15 which is only if they think application is incomplete).
If they are ready to pursue an in-depth review, they do not say anything until the 74 DAY LETTER (which could arrive even sooner).
This info was confirmed by LASERS a week or two ago.
Lasers confirmed info i posted. Link to that communication from the FDA? Please post it if so.
There will be news by end of March if all goes well, as we expect it will. It is the "74-day letter" that the FDA sends out 74 days after submission of the NDA. March 29 is the latest for that but it could
come sooner.
FDA 74-day letter is due March 29, not sooner. But it MIGHT come sooner. There is no info promised from anyone before then. So whiners should stop whining and realize how pharma stocks work!
Can you say F D A??? We are on their time. We getting there, we are on the Home Stretch, almost there!!! HAVE PATIENCE!
Remember Warren Buffet's motto (approximate, almost exact wording):
"the stock market is a very efficient way of transferring wealth from the impatient to the patient"...
The 74 day letter from FDA is not actually due until March 28th or 29th, 2016, but could come in sooner.
Confirmed by Lasers.
Lasers, is this correct: at 60 days from filing (which would be March 14th or 15th, 2016 for ELTP’s filing) FDA does *not* contact the company to acknowledge acceptance of filing—at 60 days, FDA would contact the company *only* if there was something about the filing that was not complete.
If FDA is happy with the filing and ready to review it in depth, they will not say anything until the 74 day letter (which would be no later than March 28th or 29th, 2016 for ELTP).
Therefore, ELTP should not expect to hear from the FDA until the 74 day letter arrives on or before March 28th or 29th, 2016.
1. Lasers—but is the FDA likely to realize (and care about) the issues that you stated about how easily Pfizer’s product can be abused?
2. Can it be pointed out to them?
3. Can it be pointed out publicly so that governors, doctors, and other influential people would know?
4. Who is in a good position to point these things out to the FDA , Congress, Governors, doctors and the public?
Here's why not: because "we" don't control the price. The MMs do. We are at their mercy. If they want it to go up, it goes up. if they want it to stay down (which is usually the case) it stays down.
PPs has NOTHING to do with the people on this board, that is for sure. (unless you put in stop losses. Then for sure there will be a bear raid to get your shares so don't use stop losses. MMs can see them).
Please post link. Thanks.
.01 is the “END-GAME”? Weren’t you talking about .05—.10 the other day?
It hit over .09 before without anything going for it. Why should it not do the same now that there is an actual business in operation?
LASERS, mts is saying that the naked shorted shares don't have to be repaid. Ever. That they can stay hidden. So no short squeeze if that is true.
Now wait for the smackdown. mms don't usually let these things keep going very far. but maybe? Let's look at it from their point of view: should it keep going to .03 or .04 .05 before serious smackdown for the "rinse and repeat"??? or?
All depends on what they think is best for themselves.
jmo
"FDA acceptance any day in the next 11 1/2 weeks." And Approval could come then too if FDA so chooses.
Couch, Lasers, other DD Longs: ELTP/FDA timeline--inaccurate and contradictory timelines keep being posted. Some intentionally misinformation and some well-intentioned but not accurate imo. Also, Nasrat cc language problem added to the confusion.
Below is my limited understanding of timeline, PLEASE MAKE ANY NEEDED CORRECTIONS, remove my question marks, AND POST A DEFINITE, ACCURATE, TIMELINE.
NDA—would have been filed by end of 2014 if FDA had not asked for Phase 3 efficacy trial but they did. So filing was necessarily delayed while Phase 3 efficacy trial was run and which passed with flying colors.
next:
In last cc, Nasrat said that NDA would be filed by end of 2015 and that we would hear back from FDA most likely by second week of January. However, Fee Waiver request was filed first, and Nasrat had to wait for FDA to respond. We learned on 1/13 that Fee Waiver was granted, saving the company $2.3 million. In same PR, Nasrat said he would now file NDA “immediately”.
next:
Acceptance of the NDA: FDA has 8–12 weeks from date of filing to review and accept the NDA. If NDA has now been filed, we should hear of FDA’s acceptance (via Nasrat) no later than???
next:
Approval by the FDA: under the expedited review (which FDA promised Elite long ago) FDA has up to 6 months after acceptance of NDA to further review the NDA and grant approval. We should hear of FDA’s approval no later than???
????OR does Elite have to now *request* expedited review????
Thanks in advance. My one post for the day.
Why is the pps not continuing to fly as it was earlier today? The company's fundamentals are obviously excellent and the whole situation points to approval by the FDA, which in turn will create $$$$$$ and more $$$$$$ as more and more products are launched.
If Level 2 explains what is going on, will someone who can see it please report back to those of us who can't see it?
Let’s be honest and admit the timing is terrible, in terms of appearances. JT’s step-down might be for reasons that will greatly benefit us shareholders but surely it could have been done in a way that would not create all this panic. (???)(However, remember, we’re talking about 3.7 CENTS)…
Then again, perhaps there are are some who want to create panic, and they orchestrated this move. We just don’t know.
Ultimately, what matters is that the FUNDAMENTALS of the company are great and they will pay off. That is something we DO know.
My one post for the day.
Quote: "if Nasrat keeps his word”. You mean the word “probably”?? We’re on FDA's time now. Misinformation not appreciated here.
(My one post for the day).
HaHa. Good idea. Infused with MJ!
Hydroponics+MJ =Apple pie+ice cream
Hydroponics+MJ=movies+popcorn
Hydroponics+MJ=EFFI+$$$
Wrong. It's not a PR of the filing itself but of FDA's *ACCEPTANCE* of the filing. Very different...read up on that.
What, exactly, was promoted, in their exact words?
Please post their promotion as written. Thanx.
She's confusing "reverse merger" with "reverse split" i think. Sounds like it anyway...
Think hydroponic equipment might be used for MJ plants???
With management getting their filing in order, setting up with new people, hiring a lawyer, and doing this R/M, etc etc it does seem they intend to establish a profitable business. Why would they bother doing all this otherwise?
Glad you see i was telling the truth.
Attackers might want to consider apologizing.
At least slow down next time before shooting!
btw, the warning/stop sign is down now from where it was previously at top of this board.
I took screen shot but don't know the trick to paste it. All i can tell you is that's what shows up on my screen when i go to this board.
Glad to hear there's been an update but it doesn't show on my screen (and i did do the force reload). Sorry for the confusion.
I cut and pasted from top of this website/board (just below where it says “moderators"). Except "Warning!!!!” is much bigger and
“STOP SIGN” is in red.
Warning!!!!
STOP SIGN
http://www.otcmarkets.com/stock/EFFI/profile
“WARNING! STOP SIGN!" At top of this website!
How could you miss it?!
http://www.otcmarkets.com/stock/EFFI/profile
STOP SIGN still up...
Nice example, BUT their statements were about risks in general. That is very different from EFFI’s explicit statement that “The company is experiencing continued operating losses and has a high debt obligation”.
Are we to believe the explicit statement made by Efftec or not? Is Efftec, in fact, "experiencing continued operating losses" or not? Does Efftec, in fact, have "a high debt obligation” or not?
Guaranteed that i am as “all in” as anyone on this board and would love to see the old highs come back.
Quote: "on every Annual Statement on an OTC stock this same statement appears”. So, are you saying that even if the company actually had very high net income (like $ seven figures) and absolutely no debt, the current Quarterly Report would nevertheless state that:
“The company is experiencing continued operating losses and has a high debt obligation. These conditions raise substantial doubt about the Company's ability to continue as a going concern”?
Merely because it is an OTC stock??
REASONABLE QUESTION: why does the CURRENT Quarterly Report state that "The company is experiencing continued operating losses and has a high debt obligation. These conditions raise substantial doubt about the Company's ability to continue as a going concern"?
Peeps, instead of attacking the messenger, what is your answer to this entirely reasonable question?
Even if the Yam Yam debt was removed, there must be some other significant debt or why else would the CURRENT Quarterly Report state that "The company is experiencing continued operating losses and has a high debt obligation. These conditions raise substantial doubt about the Company's ability to continue as a going concern"???
Peeps, instead of attacking the messenger, how about dis-proving the issue that was brought forward????!
"The company is experiencing continued operating losses and has a high debt obligation. These conditions raise substantial doubt about the Company's ability to continue as a going concern".
(Copied from Quarterly Report, Published: Dec 10, 2015
~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~
NOTE 2: GOING CONCERN
The Company sold the assets and business of Efftec in November 2012 and acquired Yam Yam. (See Note 7). The Company planned to raise capital utilizing debt and equity to fund the continuing development operations of Yam Yam, and is currently utilizing the same means to fund its current operations in the mobile application sector The company is experiencing continued operating losses and has a high debt obligation.
These conditions raise substantial doubt about the Company's ability to continue as a going concern. The accompanying consolidated statements have been prepared assuming that the Company will continue as a going concern. These consolidated statements do not reflect any adjustments that might result from the outcome of these uncertainties.
"The company is experiencing continued operating losses and has a high debt obligation. These conditions raise substantial doubt about the Company's ability to continue as a going concern".
(Copied from Quarterly Report, Published: Dec 10, 2015
~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~
NOTE 2: GOING CONCERN
The Company sold the assets and business of Efftec in November 2012 and acquired Yam Yam. (See Note 7). The Company planned to raise capital utilizing debt and equity to fund the continuing development operations of Yam Yam, and is currently utilizing the same means to fund its current operations in the mobile application sector The company is experiencing continued operating losses and has a high debt obligation.
These conditions raise substantial doubt about the Company's ability to continue as a going concern. The accompanying consolidated statements have been prepared assuming that the Company will continue as a going concern. These consolidated statements do not reflect any adjustments that might result from the outcome of these uncertainties.