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Two words: poison pill
I'm buying another 450k shares on Tuesday. Show me another .06 cent stock with a CEO that owns over 250 million shares of it. No, really. I'll buy that stock too.
Good thing Nasrat's shares are common...like ours. That scenario is laughable at best.
That would change your feeling about your investment if someone did?
Basically everyone still for OTC's?
I have an order in for 100k currently; got filled for a whopping 100 shares so far.
Elite is trying to go up against multi billion dollar companies. We are a $55 million company. Do you not think there will be multiple hurdles and struggles? Give me a break.
Also, imagine wanting to oust the CEO that owns 25% of the company. Yeah, great plan bud! I'm sure he won't be upset about that and use his shares as revenge.
"But Nasrat doesn't care about the share price!?!?!"
Yeah ok, so bring on someone with ZERO stake in the company. I'm sure he'll have more incentive to get the PPS up than the guy who owns 250 million common shares.
Hopefully anyone who can read a chart and knows the 4 year trading range is low .05's to .09's
High .05's a good buying point.
No news this month bud, come back next month.
Next year, along with a merger.
But here's the thing...they just told us what they're working on. Trials starting soon for the CNS product. Waiting for API to come in to launch new product.
I mean...if you want a press release every 3 days go to the most read boards and click on one in the top 5. There.
I'm on the bid for 50k at .063
There's no IF. He's paid in shares. And maybe, just maybe, he has other $ from previous jobs?
I heard the comment that they happened tapped LPC, even with the new agreement. They don't want to sell shares at such a low price to fund R&D; sounds like they think something might get the PPS elevated this year.
Could they be wrong? Of course, I've been wrong countless times about the share price. But we'll see.
What DOES exist in penny land are wash sales, hitting the bid with the intent to hit peoples stop loss orders, putting massive orders on the ask to stop momentum on purpose.
But there are 0 retail shorts in stocks like ELTP. Look at any retail broker and see if you can short ELTP. You can't. Shorting by retail doesn't exist and only "shorting" that might happen by a market maker is only for a very short period and doesn't carry over.
Why am I not surprised trying to spread a rumor Elite is listed on an overseas exchange...when it's an OTC stock. LOL.
ELTP is an OTC stock. It is NOT listed on ANY exchange. Saying otherwise is an obvious lie.
hmmm now why lie about something like this? Hmmm
Yep. Won't be long until we can use those increasing profits to expand and diversify the pipeline.
Nice to see you around.
New traders with stimulus money going after risky trades.
Loving the volume we've been seeing the past ~2 months or so. A good sign for a future run.
It's been that way for years, they just never updated it after the CRL.
Penny stocks don't trade off fundamentals...so...the stock price won't move because of the PR. Duh.
Trial results have to be PR'd so we'd either already know or would know very soon if that's the case. Last call Nasrat mentioned late January/early February results would be announced.
Trial results from the ANDA expected late January/early February.
Apparently so today.
I bought another 100k today @ .0525
How many times is it needed to say an opinion? We get it already! Next!
How about you alert the SEC? We get it, Elite is a terrible company. Yada yada yada
You'd be better off the waiting until it's Nasdaq listed then buying in, imo. If these clowns enact a RS not at the same time as an uplisting, the price will plummet again. Say after the RS is now $5/share and they haven't uplisted...give it a month and the stock will be down -30% easily.
Surely they know this, right?
So...current shareholders...get what?
Seriously people, Armen was banned for running IPO scams. What is being said here? A quiet period for an uplisting by RXMD. RXMD isn't even SEC current!?! Be cautious and don't forget the past.
And yes, I am under water on my shares I own.
Never trust someone who was barred by FINRA for running IPO scams on elderly unaware investors. I mean, cmon. And don't hit me with the "that was 10 years ago" BS. You don't change as a person doing that. Armen is still the same dude. Yeah there is potentially big money to be made here but know who you're dealing with.
Volume precedes price. That is all.
It is odd.
Shhhh, quiet period.