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You mean on Monday or forever?
Until there’s a lot of $ coming in from revenues, they usually need to issue a ton of additional shares to get financing deals. That’s been my experience anyway. Less of an issue for traders, much more of an issue for longs.
Dilution doesn't necessarily happen right away. Usually not till later, (weeks or months after you've tossed in your hard-earned $)...
Every other company i've had anything to do with on the OTC has gotten into diluting sooner or later to pay bills. They have to raise $ somehow until they have enough revenue.
They (FDA) don't want to stop it! Quite the opposite. It's exactly what they are looking for! ELTP is supplying them with exactly what they want and need! So we are incredibly fortunate to be in the right place at the right time with the right product!
ELTP is a great success investment, yes!
at least until (or unless, to be fair) they start diluting...
Thanks much Prophetable!
Prophetable, you said the float listed is not correct. Please tell us what is the correct float in your opinion. Thanks in advance.
The Question is: How high before the dump?
"New company"? it's been around a long time. Actually, that's my main hope for it. But management hasn't communicated with us in so long, there's no way for us to have any idea what the company is doing at this point.
NAS specifically said CALENDAR year 2015--by the end of CALENDAR YEAR 2015 ELTP will file NDA for Eli-200
Why would MMs not have bought back their 17.6 mil naked shorted shares as soon as possible after the PR about successful Phase 3 trial, knowing that the PPS would surely rise and they would have to pay a much higher PPS later? UNLESS they thought (knew for sure?) that they would be able to get away with *never* buying them back! Is it possible they could avoid re-paying those naked shorted shares, without any penalty? Or maybe the penalty (if any) is less than the cost of buying back those 17.6 mil naked shorted shares?
10-Q announcement at what time, does anyone know?
Thanks in advance for the info!
BITCOIN REVIVAL could revive EFFI (?)
New York Times 11/05:
Bitcoin Surges, Emerging From a Lull in Interest
By NATHANIEL POPPER
Despite its use for illegal activities, Bitcoin is being closely studied by conventional banks and financial firms. The online currency has rallied over 100 percent in the last month.
Every few hours i open my Schwab account again just to stare in amazement at ELTP's mind-blowing green numbers. May it continue onwards and upwards for all of us DD Longs! Special thanks to Lasers, Couch and NoKoolAid and many others for their highly informative posts keeping my confidence strong when success wasn’t completely obvious the way it is now.
Lasers, conservatively, how high do you expect this to go with just Eli-200?
with 2 drugs launched?
3 drugs launched?
If buy-out after just Eli-200 launched?
How soon could 3 drugs launch in your opinion?
Thanks for all your great posts!
When is next filing due?
Jimmy Joe, please say more about what you mean here:
"One must keep in mind there may be other things that come into play with Elites technology".
Like using it for additional kinds of applications or what?
We are definitely in the right place at the right time with the right tech! (I think our honorable CEO said something similar a while back)...
I wrote them asking them to give us some info. No reply. Everyone should write them.
Is this company completely dead????
Has anyone had any communication with management or anyone else at the company in the past few months?
If you have any info at all, please post it.
Totally irrelevant what pps was before Nasrat Hakim took the reins (thanks to "white knight” Jerry Treppell). It’s a completely different company now, on the verge of becoming #1 in the $$$multi-billions ADF global market! Will surpass by far the old pps.
Mocha Jet: THANK YOU for your efforts at getting the WORD OUT about our great company ELITE ON THE VERGE OF ITS $$$ DISRUPTIVE $$$ ADT TECHNOLOGY!!!
And it was brilliant that White Knight Jerry Treppell handed over the reins to the "closer" Nasrat Hakim when the time as right. He didn't get in the way of what was best for the company!
Nasrat said long ago in a CC that for the right price he would sell right now. I think he'd be thrilled to take $$$$$$ and retire. I hope so because that's what i want to do too.
The question is what he will consider to be the right price.
John, please tell us the “easy” technique for separating the two beads. Since you’re so sure it can be done, you must have the answer. We eagerly await your reply.
Seems to me it would make more sense to sell a few of one’s highest priced shares. The capital gains tax would be lower that way, and the cost basis of all the remaining shares would be lower, so less risk and more room to profit from rises in pps.
I’ve been hearing rumors that Bitcoin is back. EFFI was involved in that, so maybe there’s hope. (???)
Money_Tree, about "top-line", Mazeppa already explained that "IMO, the way it was used, meant the data collected were done in exact accordance with protocol methods, there were no issues with missing data fields, or subject withdrawal. He meant it was a clean data set, collected correctly, and not with sloppiness, or problems also found in secondary data sets (which this was not). That is the statistical meaning of "top line" in this context, and was not in reference to the results of the study. "
Whether it’s ELTP or an acquirer, they will find a way to extend the patents. Like always happens.
Unfortunately, your view is probably correct. But the company appears to still be alive, just in a coma...so there's still a shred of hope for a better future... (???)
I think NH would be delighted to sell the company at any time so long as the right price was offered. He said so during one of the previous CCs.
WeedWeb has nothing to do with Effi and likewise MK Tantum has nothing to do with Effi except she helped them with some software at one point. I have this info directly from her.
You are correct that pumping won't raise the PPS. But successful launch of 1-3 ADTs sure will raise it !!! Best to buy your shares IN ADVANCE of those launches! (Even in advance of the PR announcing those launches. Even in advance of the PR announcing the filing of the NDA for those launches)...
Has any other company moved faster than ELTP?
It is upsetting to hear of other ADTs that seem to have won approval but did they start the process much earlier than ELTP?
We really couldn't move forward until JT saved the company from bankruptcy and then handed it over to Nasrat, who has sprinted forward in a mere two years. Seems to me we have moved as fast as possible since then, given FDA's requirements.
My one post for the day...
ELTP QUESTION: For those of us who have “Sell” orders established, how would a buyout affect those orders? For example, if the buyout total amounted to $6.50 per share, and if at that time i have sell orders in for $4.90 and $8.60, would the buyout figure override the figures of my sell orders?
Also, would my account automatically adjust to the value of the buyout?
My one allowed post for the day--so, TIA.
"DONT PISS OFF THE FDA EXCUSE? NO WAY JOSE!
it doesn't wash with 15 million deal before approval with epic "
Yes it does make perfect sense imo. Partnering with EPIC=crucial part of the PLAN (just like purchasing the new equipment was) to launch Eli-200. But those things are not the same as a premature public announcement that FDA has approved launch, which is what NH will be saying when he travels around promoting Elite's ART.
John--If you google “fiscal year”, you will find out that there is no one specific correspondence between fiscal and calendar year. A “fiscal year” is defined as ANY twelve month period that is other than the calendar year. An organization can choose whatever twelve month period best suits their purposes. Therefore, it is not a given what calendar quarter corresponds to ELTP’s fiscal year. Interested parties should ask Dianne.
However, since Nasrat said he expects to file NDA by the end of this year, the fiscal year info is irrelevant.
no2koolaid, Without a buy-out, how does Nasrat get to cash in his vast stash of shares?
davidalancarlson--thank you very much for posting this great summary of $$$ELTP status and going forward!
NY Times article today on ADTs. Discusses how addicts are able to defeat protective coating methods. Mentions Embeda and release of Naltraxone if crushed but implies—without stating how--that addicts still manage to get high from taking it.
http://www.nytimes.com/2015/06/07/us/painkillers-resist-abuse-but-experts-still-worry.html?emc=edit_th_20150607&nl=todaysheadlines&nlid=65835389
I think it has been stated on this board that Embeda is an Oxycodone formulation but clearly it is morphine.
http://www.pfizer.com/news/press-release/press-release-detail/fda_approves_abuse_deterrent_labeling_for_embeda_morphine_sulfate_and_naltrexone_hydrochloride_extended_release_er_capsules_cii
We do have something to lose if we wait too long.Namely, more new competition and new technologies. There's a balance between trying to get the best price and risking missing our chance
to be hot.