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But remember what he commented about in recent CC about the heavy load of inventory. That was due to delayed shipping timing. Which must be kept in BS until revenue can be recognized. Dont read too much into the inventory thing. Nas was to the point on that topic. What frustrated me was the it would have been nice to have an opportunity to asked a follow up question on that topic. IMO you wont see a Q & A type CC till the path for approval has been set and a new anda approval date has been declared as per out orginal .
Thanks for the break down. Appreciate you taking the time to answer that.
Funny though. People were worried about trying to jump on a speeding train this morning. lol Barely holding on to a half penny. Doesnt mean nothing isnt going to happen. We shall see.
What valuation models are you gentlemen using? Just curious.
One thing I thought of that may be a concern. In last CC Nasrat cobered the massive increase in ending inventory balance. He stated it was due to shipping timing. I hope that this isnt the old revenue recognition manipulation trick of Channel Stuffing. Where in oeriods of higher earnings management may wish to delay recognition of revenue by holding or delaying shipment. Possible anticipation of future earnings. Just a thought. Sorry im a glass half empty mood today.. lol However, logical.
Which is what exactly will happen if Sequest Ox is not approved and marketed by the end of 2017. I think it was the CC before the CRL where Nasrat specifically stated he was absolutely avoiding more leveraged funding because these investment companies are like termites. That was then and this is now. It may come to a point where his choice is to go that route or liquidate. We better all pray the FDA gets off their @&$!.
Right now the company isnt maintaing on revenue or earning but Cash Flow Finance. We are looking for Cash Flow Operating. positive territory. Lets see how we move all this built up inventory. It doesnt materr how much earnings you have. If you cant pay your liabilities your doomed and eventually the dilution fairy well runs dry. Cant sustain much longer on these financials.
That would be quite a birthday present for me if that meeting goes well. Lets hope its a good sign. Usually i can jump into a pile of diamonds and come out with a handful of rocks. Lets hope I break the streak... lol
Hey! I been following you guys for a while but just signed up. Im way long on Elite. Im about 230k shares in. Been cost averaging down since .36. .23 puts me about par. Which happens to be the ultimate resistence. lol Not buying anymore..
gltal
Yeah good sign. Hopefully the bear raid is over and short sales are covered and done. .22-.23 would allow me to sleep a little better. lol Should start to see some positive traction heading treough Nov to meeting.
Ok wasnt doubting you. Maybe I missed it. Will listen to it again. Thanks
I did not hear anything about a buyer either. As far as acquisition?
If anything I think NH squashed any hints of aquisition. His entire CC was focused on growth.
Probably a fairly accurate assessment. Just as long there is positive traction and the pps continues to move north of .23. thats fine. We need positive Cash Flow Operations withjn next few quarters. Cant sustain by a leveraged position or continued dilution. These other generics better start producing and move
all this added inventory.
Im a glass half empty type of guy but I believe in how NH is conducting business.
Not really sure what more you want from NH. He clearly explained the path foward. With regards to China marketing he was merely answering a question. ""If" the FDA proved to continue to stall Sequestox" they may look at it as a future option. You have to comsider future political and public pressure for these technologies. We are facing a new and pivotal administration. I believe you will see a positive shake up at the FDA.
I think acquisition is completely off the table at this point.
Press release stated it will be released after market close today and CC held 430pm est.
Couch I know you have some sound fundamentals but your going to tell me those numbers are sustainable? To go along with the dried up R&D, dilution, and living off financed cash flow. There is only so much expense and capitalize manipulation that can get you through so many PR's. Im a long here dont get me wrong and I want this company to succeed. But I be lying if I wasnt a little concern. Unless they are holding back something so incredible which explains for these short comings.
Very true. No xomoany can sustain living off CFF (Cash Flow from Finance) The continued dilution to support operations will eventual lead to a massive reverse split or sink this company. Ok for now but not sustainable. We need revenue or acquisition!!
I saw that. Not to be overlooked. Earnings are important but not meat and potatoes for a growing company. I put more weight on CF. Especially for a company in growth stage.
So they post very modest earnings on Wed. Post CC for Thur which leaves approx. 1 1/2 trading sessions before the weekend. Something good has materialized to leave room for a good push of PPS before the weekend. JMO
I agree. CF is fine. This inventory is what is interesting. What is it and where is it going? Is it a shipping lapse or is it a build up of product to market.
Two things popped out at me. Sorry i cant throw hard numbers at the moment. First is that dramatic increase in inventory and huge decrease in R&D. Interesting. obviously have a lot of reading to do.
How did you arrive to that conclusion? This was an earnings report. Im sure Nasrat will discuss how the company has or is going forward tomorrow.
I believe someone may have touched on this before. I think we are looking at two scenarios for this week.
If Nasrat and the board were worried about the EPS they would have been keen on updating common share holders. Unless he is absolutely the worse CEO in the history of pharmaceuticals and is in the midst of chopping PPS another 50% we are more than likely facing acquisition. The silence would make sense if a deal has been in play and to prevent distortortion of purchase price. So between the convertible shares transaction, silence per no pr it adds up. Watch your stop losses. Most of you gentlemen are very wise investors. MM's are
going to be looking to exploit shaky hands on that day. If your long you will be rewarded. Stand your ground. Chances are if you lose your shares you will wind up paying double in a fire buy on the way up if it bounces.
Take some xnonax and wverything will be fine.
GLTAL!!
Not sure how much i believe that but I hope your right.. lol Where did you see or hear it? He had my vote a long time ago. No secret Hillary wants to decimate the health care sector especially pharma.
IMO.. I think the answer is all of thee above. As you know its good corporate practice for a driving CEO to show support for his company in buying shares. However, I do not believe it was to convince investors into believing something that was not true. I do certainly believe that he was blind sided by the FDA. Im sure his board insight with ex FDA affiliations were just as surprised. Nasrat is not a malicious CEO. Perhaps the reason he is not cost averaging down his shares is because of lack of equity just like anyone else and in fact he believes that this hold of PPS is extremely temporary.
Like i said IMO
Go Elite
Guess that means I should go back to doubling my dose of xanax by Nov 5. Thanks Sharkey.
"Keep your expectations low and you'll never be disappointed!" lol
Stay positive longs
Ok thanks.
What is currently concerning is that most companies have already disclosed quarterly CC date and time. Why hasn't elite. Silence is killing this stock. If Nasrat is looking for analyst publicity this is not the way to go about it. That is if he is meaning to have a thorough Q and A. Or is he going to pull the same thing as last CC. After the last CC I emaiedl Diane about those concerns and I never received a reply or any sort of justification.
I hope they have something incredible up their sleeve. Just saying.
However, Im still hopefully Nasrat knows his business.
Go Elite!!
By the way does anyone have any thoughts on how this election will effect Elite. I know healthcare in general are beside themselves. ETF and other equities getting hammered over the last month.
You're exactly right Namtae. Its terrible news. Its unfortunate but Indo believe that public sentiment cant be ignored forever over. I believe public out cry is getting so big that it could be an electoral issue. Hard to run into someone these days that have not been or knows someone who is a victime of opiod abuse. Sad commentary but true. Im truly surprised it has not come up in this election. I thought even drug pricing was going to be a larger topic than it is. Americans are more concerned about emails and sexual misconduct than real issues. People need wake up and start caring about things that matter. BP( the black hand) is exploiting this stupidity.
Hi Everyone. Been following you guys for about a year now bit have never posted. Im definitely an elite long. Im a little confused about why there are so man big bids up to .18 but there is the lack of volume and pps increase. can someone help me understand that.
I think this a great company with a driving pipeline. BP cant keep it down forever. Im a 1000% convinced they have a political hand in this. But with persistant public pressure continuing to poor in it cant last forever. Opiod abuse is an extreme public issue that cant be silence or brushed under the rug anymore. Something has to give and elite is on the fringe of this. All this will take is for some sell side marketing to get a whiff and this Sequestox approval. We will prevail. Go Elite.