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I'm still wondering about the patent. I called Diane and she wouldn't/couldn't give any information other than what's posted on the USPTO site.
What would be awesome is if Novel got bought out by PFE or J&J, Merck, Astra-Zen, Abbott, ect. Whatever the buyout would be they would have to obviously pay ELTP for their 10% stake. I would much rather see Novel Labs get bought out first.
Get caught without any shares and a PR hits tomorrow? World of hurtin' imo. Pay now or pay a lot more later...
How many shares does PFE own? 6.6BILLION and over $20B in debt. ELTP 507M and $3-4M in debt. Just one ART drug will take care of it all. I'd say we are in great shape.
Some things never change. If the volatility is too much to bear there are other forms of investment tools like mutual funds and CD's that could be better suited.
No buyers. Imagine the movement if there was. Didn't take much to get over .31.
Last reply is a joke just in case you take it to seriously.
Do you have an independent analyst that says so? Please link if you do.
Guess you skipped the part of the $10M funding which would be enough to pay for all their debt if they CHOOSE to.
You're right...it will be far better than Akorn when ELTP launches its first opiate utilizing their ART. The first one is always the toughest but the others should be easier.
It's your money and how you choose to invest it is your business and not anyone else's. In the end it is you that has to live with the decisions you make. If you decide to sell at any price I personally would never hold it against you or anyone else. In the end I just hope we all make money, long or short.
$35 in two years? based on what? I'm optimistic but that seems really high. Would need at least two ART products on the market.
The 9.9-10% stake in Novel Labs is worth tens of millions alone. As that pharma company grows so does the value of ELTP.
Excellent point. I believe they posted the earnings report a week early on the company record profit quarter. Could happen again!
Just as in this stock can't keep going up, it also can't keep going down. Consolidation at these levels is healthy and even one good PR should test the high of .375. I'm only regretting not having the funds to buy at these levels.
Finally we agree. Even six months to a year from today we could see some serious ROI.
Can't believe what I'm reading...good to see a change of heart.
Night everyone...see all of you in the morning! Hope we start and end the day on a green note.
You have a link to that instead of copying and pasting which can be altered in the message?
Forgot to post a link to that:
http://www.rxlist.com/oxycontin-side-effects-drug-center.htm
Diarrhea is not a side effect of oxycodone...that would be constipation. Side effect of naltrexone is diarrhea from an opiate user. Lasers is right!! man...LOL.
Everyone needs it imo! Just ask the insurance companies if they feel that there is an epidemic of opiate abuse in this country and that a new ART that truly deters abuse is needed. Answer will be obvious my friend. Didn't you post the results of a poll comparing the most wanted and least drug ART? ELTP will become the new standard.
Imagine the VA, insurance companies, Medicare/Medicaid announcing that no painkillers will be approved unless it utilizes the two bead technology? We've seen this gov. mandate a lot of things and this could happen.
The minute you start posting links to your statements I'll do the same. Deal?
I work for one of the largest healthcare insurance companies in the country and I can tell you that the doctors and nurses I work with would rather approve a two bead system than anything out on the market today. They know about Elites system, thanks to me, and find it to be a superior ART once it gets approved.
You consider this a drawback while many of us LONGS consider it a blessing. Two same drugs used by ELTP as in PFE's which means an easier approval for ELTP. Everyone knows the two bead is going to out sell the one bead. The two doctors that I convinced to buy 1M shares each also think so. Keep in mind these are REAL doctors that practice REAL medicine.
Expect it to actually go up to 30% and then to 50% as this debt climbs higher and higher. Next the gov. will be nationalizing everyone's 401k plans like they did to Poland.
LOL please re-read that comment so you too can have a big laugh. I'm sure PURDUE, one of the largest pharma companies, also knew what they were doing with Oxycotin since that drug isn't abused. Their ART is so superior!!! /sarcasm off.
Since the naltrexone core is in the middle and the opiate surrounds it couldn't someone just shave the opiate off while keeping the core intact? What is preventing someone from doing that or finding a better way of extracting the opiate while keeping the middle core intact?
So this is the same tech that you can overcome with a microwave oven and a couple drops of water? If it is then how is that abuse resistant?
Stick the one bead tech in the microwave for with a few drops of water, nuke for 15-20 secs, and remove the nalt. core which remains intact. The morphine dissolves and now you can shoot it up a syringe. I'll stick to ELTP's superior two bead system for a true ART.
Which independent analyst says it won't hit $12/share? How about $10? $5? heck show me $2 a share.
Does it matter? Do you believe that Elite won't renew such a license after they just recently transferred? Focus on the following:
Trial results from Dec 5th
Partnership
Record quarterly profits
Novel Labs 10% stake
Additional milestone payments from EPIC
New drug launches
More trials for their ART products, another starts in March.
Possibly paying down debt due to record breaking quarterly profits.
Possible buyout due to positive results from trials.
CEO buying 11 million shares of ELTP on the open market.
BOD buying $600k worth of stock in lieu of cash.
Could rally in the last half hour of trading. Don't think people want to be left out with no shares come Monday morning with a possibility of news. Is the news already priced into the current PPS??? doubt it. A partnership will easily propel the PPS to $1+.
5 Stars Couch! Always nice of you to add links to additional information to reaffirm your claims.
Right on! At least we're in the same boat:)
Do we rally at the close, break even, or go red? Anyone want to guess the close?
Yes they are...afraid of having to chase even higher!
That makes both of us!
That makes both of us!
I knew we would do well today by the way we were trading early on. New Elite baby. Even at these levels we are still severely undervalued.
Shows how strong Elite really is. The old elite would've retraced at lower levels after a 30% gain the previous day.