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Looks like things may begin to get interesting here soon....
-Bollinger Bands tightening, very tight
-RSI churning in power zone
-13 day MA getting close to breaking 50 day MA....about .0005 cents away from one another
-Increasing Volumes
Is news coming, or is this just a charting based volume surge?
In any case, I've been holding almost a year now, hoping this goes to at least 15-20 cents with the small float.
Bollinger Bands quickly closing up.... Upper 17.5 cents and Lower 15.5 cents.
RSI starting to gain MoMo.
MACD positive.
Volume increasing and the candlestick today shows the bulls are definitely at play here, even with the gap and trap this morning.
IMO we are getting close to a breakout. Maybe to 21/22 cents resistance, where we leveled off for a day or two after the breakdown from 30 cents.
Still would like insight about the options that were exercised though. Could be big news, like a partnership or licensing deal? Or it could be neutral news like financing an aNDA? Or maybe to just have a set/diluted share structure for future coming events and discussions.
We don't know, 'till we know, but I think and would like to hear soon!
You may be right, but we will not know for certain 'till the 1st or 2nd week of September. 71 business days from 5/31 is Sept 9th.
Yes, and we will see a move up soon. Accumulation/Consolidation has been heavy in the 16-17 cent range (more like 16.2-16.6 but still). First the load up, then the spike up.
I do believe it could take a year, due to all the logistics and hold-ups of the political beast, the FDA, but that's if we go about it solo. My original time frame was 2-3 years from the P3 results last year, so we are still on track to do so. It is a great time to increase your investment and average down IMO, as I still have the utmost confidence in ELTP.
I do believe that we will continue to organically grow until then but the big pop is with our SequestOx, buyout, or both. It will come...patience is a virtue. 7 years is a long time to hold, but I'm sure you will reap the benefits more than most of us, having so long to accumulate. Best of luck to you and continue your posting!
I guess you do not see all the consolidation occurring, on increasing volumes.
I am still honing my charting abilities but its great to learn, and keep learning as a hobby.
IMO We will have a jump up here within days.
Yes, I am long, and even held through the CRL mishap. ADDING ADDING ADDING. Our ELTP baby is growing everyday, from potent officers and staff, increasing revenues, increasing generic line products, and dare I saw I see a growth spurt on the horizon? Oh yes, that is ELI 200 getting approval, after fulfilling what the FDA asks of us.
GO ELTP, LONG AND STRONG.
Hello all,
Long time no see. I'm just meandering the board currently to see any and all hints towards what this exercise of options was for. Judging by the price action, I would say it is something positive, but what? HMMMM
Still holding long and accumulating what I can, at these prices, when funds are available.
GL to all Longs. One day we will see the heaping pile of gold that our shares will bring, one day.
IMO that time frame is nigh, within the next year if we do it all solo.
-PHARMA
I always keep an eye on the board and have posted before. I just only post when I see fit, as I am long on the stock, praying in some way shape or form the Hard Rock PR wasn't a fall through. It's been very dead as of late but seems to be gaining a little momentum. Probably will scoop up a few more shares in the next few days to average down a bit.
Also, if you would like to see what I'm talking about, look at the accumulation/distribution ratio on whatever retail application you have. Additionally, the RSI seems to be bordering positive territory at 49 and some change and the money flow just came out of the oversold territory. Although I am an amateur chartist I have E-Trade, and it's quite user friendly to view all this.
see my most recent post...just my thoughts on the matter
IMO We are seeing a small accumulation in a chartist's hopes that we will break the 50 day moving average...aka a strong resistance level that is getting very close. If all goes well we could see a very rapid uptrend to the 200 day moving average and enough momentum, we could break that. Fingers crossed. Any type of PR would be very beneficial in aiding us in our charade.
BTW 52 week high was set on 7/23/15, so we are on the right time frame for another nice yearly oscillation. Low float and accumulation could set us free.
Yes, and as rollin2nyte PM'd me...the last CT was soon followed by the ELI-200 licensing agreement with EPIC. We definitely have something a brewin' and it's more than just acceptance.
Why would LPC register shares and then have the shares verified for selling by the SEC (via the Notice of Effectiveness) the day before we are to hear word?
I do not believe they would sell into a bad situation, they would hold to make more bang for the buck, or at least that 32 point something cents they estimated the shares to be sold at.
The next ELI or two is going to be filed soon with that 7.5 mil we receive with acceptance.
GO ELTP. LONG AND STRONG.
@NO2K, SIX, LITTLER .....Thank you all for taking the time to review my post. It was just a little of what has been on my mind. I don't post often because much of the time my post will get deleted, even when it pertains to only ELITE. Time is money my friends and I don't like wasting my time.
@GMAN....I am still not convinced that share price has zilch to do with a buyout scenario. It may play less of a factor especially in the pharma industry with copious amount of drugs in the pipeline just waiting, but I still think it plays a role nonetheless.
GO ELTP. LONG and STRONG
Hello all longs. I've been following the board but have not posted as of late, so long time no see. I would like to say a few things that have been on my mind for the past few weeks and with all the frenzy recently it seems the puzzle pieces I assembled seem to make more sense fitting together.
First off a little background...
- the data of ELI-200, and assembly thereof is pristine, at least from what I have reviewed with my doctoral background in pharmaceuticals. Also, Nasrat stated that we have been in constant communication with the FDA along every step of the way, even after our acceptance of the priority review and we have some top guns under our wings.
- priority reviews almost always get approved without an intervention based on statistics and if we were to get an ADCOM, we likely would have been notified early this month. A CRL is very unlikely to occur at this point especially because of priority review. But then again neither of these are completely out of the question.
Next Some HMMMMs (IMO)...
- 32-34 cents seems to be a golden range that we are always pulled back to, no matter down or up. We see the battle it takes to go higher with MM's selling tiny lots to bring it down, while taking huge sums to bring the stock up if any.
- look at the volatility today and the short sales for the past three days, and you'll see it is quite staggering (yes I know its not the monthly FINRA data but its the daily short volume that they can fix and change before reporting it) to hold us in this range even on the positive movement days we barely broke through the bollinger upper band
- DOES ANYONE REMEMBER THE SHARES THAT WERE REGISTERED TO BE SOLD LAST MONTH? the LPC deal we have also allowed them to sell millions on the open market at a perceived value of a little above 32 cents.
- DOES ANYONE REMEMBER THE DOCUMENTS THAT WERE JUST RELEASED A FEW DAYS AGO? The CT doc and the 10k/a are very telling towards an approval and more, hence the pediatric study addition to be completed, after acceptance, paid by profits from both entities.
Lastly, my input (all IMO)
Could it be possible that we are going to get approval and then move very quickly towards a finalization of a buyout or submission and licensing plans of the next ELI's? Some of the 10k/a statements were left out plus that CT doc for info to be released by December. It's all very telling of approval tomorrow, or a minor change like semantics on labeling, annd receipt of approval in the very near future.
Connecting it all, maybe the LPC shares were to be registered to keep us in this range during all the excitement of this very novel treatment of pain, as buyouts are always based off the current value of the share price and potential future upside. Shorting the stock with these shares to keep us range bound for an XX multiplier of our current share price to give a share price for a buyout?
Approval and buyout are imminent, I just believe and hope for sooner rather than later.
Exactly my analysis of the current standing as well. The personnel they have recently appointed to the BOD is all too revealing. Additionally it reinforces our chances of approval....why hire all these big players, if there are no trump cards to be played
what was this in response to... said the message was deleted
Very true, but I don't think any big pharma will want to give Nas what he's looking for or something above.... Although our developmental pipeline drugs are in fact groundbreaking and essential to our society, BP love undervaluing companies in order to get more "bang for their buck" upon acquisition.
I would just like to state something that may be quite obvious but missed by many. It seems that Nasrat does not have plans to sell the company to anyone, from the poison pill to the newest hires. I believe he is going to pursue the ability to be on the NASDAQ alone and organically. I mean just look at the new big fish he has hired. One with expertise and connections in the regulatory agencies and affairs such as the DEA and FDA, Mr. Eugene Pfeifer, and the other is a R&D guru for extended release formulations, Mr. Davis S. Caskey. Here come the extended release, abuse resistant, opioids we still have in the pipeline.
Just read the PR's and everything including our directions seems to be in black and white. It may take longer, but in the end our value will be much higher via the organic growth route. Can you smell the moolah? I sure can. GLTA Longs the ELTP's train is fueled and boarding to leave the station....CHOO CHOO
It actually is....they short sold into the hype yesterday....about 60% and I wouldn't be surprised if it was the same if not higher today my friend. Have been in this stock for a long time, I know my ways around ELTP. I see the trading patterns and buy shares when I see a low. Just accumulating in silence.
Preface....I have been very silent on the board as of late because I hate the manipulative price action that has been occurring for I don't know how long. But I am long on this stock and after yesterday's price action I was interested in what today would bring....
So, I have done a little research on the market makers on our stock ticker because I have noticed that NITE and CSTI have been very coordinated on how they move the stock the past few weeks. One constantly putting up a wall, while the other washes their shares, and then drop the price and do it again.
Turns out CSTI is a relatively new MM, and he is basically a "subcontractor" of NITE, originally founded to take some of the market pressure off NITE.
Straight crooked b4st4rds, I hope they lose a significant amount of money when we hear approval. We should be having such great organic growth, but we are stuck on the OTC where manipulation takes precedent but one day that will end, soon at that. I just want to see them BURN oh so badly.
Feb 12 NA NA NA 3,640,800 3,640,800 100.00%
Feb 11 NA NA NA 5,161,900 5,161,900 100.00%
Feb 10 NA NA NA 13,619,015 13,619,015 100.00%
Feb 09 NA NA NA 146,082,483 43,674,968 29.90%
Feb 08 NA NA NA 131,588,377 817,550 0.62%
Super intriguing.....past three days of trading--ALL 100% short vol--
Say what the ADF acronym means out loud, Abuse Deterrent Formulation.
To DETER the abusers, who don't like APAP.
Definition of deter....verb. discourage (someone) from doing something, typically by instilling doubt or fear of the consequences.
Consequences in this case, being APAP toxicity, ONLY IF ABUSED.
That's why it's great that there are already stringent regulations in place for controlled substances. The doc only prescribes enough for maybe at best, the lower limit of time.
Just as an arbritray scenario, let's say every 4-6 hours, with 4 being the lower limit. That's six doses in a day at the max, the doc will prescribe, assuming you are waking up in pain and taking doses throughout the night. 6 doses at let's say roughly containing, 300mg each (Also how much APAP in VICODIN)... do the math (6 x 300 = 1800mg). 1800mg, or 1.8g, is far lower than the limit of 3g (docs can't have a regimen with more than 3g APAP in a day) for toxicity.
There is also a warning on every prescription pain medicine containing APAP, that says may cause liver toxicity with overdose or alcohol consumption. Along with all the narcotic side effects.
We are worried about abusers, not the general population, as the general population adheres. Abusers will not seek out pills containing APAP as it is unappealing to them.
*Mazeppa - I do not have PM, but I appreciate the recognition. I do believe they could coat the APAP in the same polymer as the naltrexone is encased in, so it isn't released, but APAP in itself is also a analgesic (pain killer) in itself and synergistic with opiates. Therefore I do not think that route will be pursued, since you would want the APAP to be absorbed with the opiate/opioid, but I may be wrong. But in reference to the third bead containing NAC (N-acetylcysteine, the rescue for APAP toxicity, through glutathione replenishment), that would be absolutely ingenious! I never thought about that. Great thought.*
Only if it is abused and most addicts know this, although it may be unbeknownst to the general population. At a normal prescribed dose, the concentration of APAP in the body will not exceed the liver's GSH (Glutathione) capacity for detoxification of the reactive intermediates.
Problems only start occurring once you've crossed the threshold of saturation for metabolism through sulfonation and glucuronidation and spillover to mainly CYP4502E1/3A4 occurs. When this happens, you eventually deplete glutathione reserves and NAPQI (the toxic metabolite) is free to attack the local proteins in your liver, thereby causing liver failure. This occurs at extremely high doses, roughly 3 grams in one day, for the average person.
Hence, why it is an abuse deterrent property, alongside it's relative insolubility.
The same thing may occur with NyQuil, Vicodin, Percocet, many Cold and Flu medicines, and even some sinus/allergy meds. Anything containing APAP aka Tylenol aka Paracetamol aka Acetaminophen.
There is no advantage, but other products may be put to market, hence why there are competitors. Think about it, we still have Motrin, but you can very well go to the store and go buy some ibuprofen. It's just a matter of bio-equivalence (since it already has abuse deterrent properties), albeit less than our two bead baby, by far.
see my latest post
No, he is just stating that it is redundant to add naltrexone, to something that really doesn't need natlrexone. APAP (acetaminophen) in itself is highly liver toxic in amounts exceeding 3 grams in one day. Junkies are knowledgeable of this for the most part, and most would be likely to steer away from that. APAP is also insoluble in the nasal passage and would lead to some major problems if they try to insufflate this combo. IV isn't even a possibility.
He will proceed with it, but the Abuse deterrent part of this ELI, is the fact it contains APAP.
Good thing about it, is this already exists on the market, one. Two, it is going to save us about 15 mil.
Feb 05 0.33 0.34 0.31 1,056,443 437,503 41.41%
Dianne said that the 10Q and the CC should reside on the same day, or 10Q and CC the next day. She also alluded to the fact that this should all occur before February 10th.
TA is not gagged, the OS is 508 million
No not necessarily. The likelihood of a gap fill highly depends on the size of the gap and how the company is doing, along with the current momentum. It seems like he is living on a prayer to get some cheapies, along with a few others bashing the past 2 days, when all we have seen was GREEN. Yes the volume declined, but we still did not see a red moment. 42.69% shorted yesterday, 36.17% shorted today. I would be more worried if the shorting was higher today than yesterday, but the way it is looking now I think this is the calm before the storm as investors are weary of investing due to the huge downside of last spike...But one PR and BOOM they have their security and off we go. GO CDII
Dare I say that it seems Wang like Tuesday's and Thursday's for new releases and form filings. Come on Wang, hook us up tomorra
1 million bid at .0061 from Ameritrade I believe. Crazy! Just need to break resistance at 70
Accumulation has occurred while the stock has been dropping. RSI is low. I'm inclined to say a reversal is in order.
On the 25th it was shorted over 88%. Yesterday, 65%. Very volatile indeed
My educated guess, is that....some went to pay back the debts they have incurred and hadn't paid back yet and the rest went to that acquisition that was rumored a while back.
That's what is next to come....Hence the churning in the positive region. Possibly something larger coming if they are trying to stop insider trading from occurring. IMO.
Except it seems they are adhering to SEC rules...hence no Caveat Emptor
8K/8K-A stated no insider trading may occur
If the 6's hold....we are going to see a crazy power hour...IMO
I know TA isn't 100% on pennies, but the MACD is about to go positive and the RSI is in the power zone.....to me this signals the breakout we have been waiting for.
The 350 mil, we only get a touch of, as we are more of a middle man to my understanding. So, no it shouldn't bring us to dollars, but pennies definitely. Just got to beat down the short sellers like the last time. Always such an uphill battle at first.