Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.
Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.
Anybody here still counting their money? Poor NH has lost a fortune today.
Can't give you the total amount of chickens until the eggs hatch. May try to sit on a few to keep them warm.
My Hen just laid 6 eggs. How many chicken dinners will I have?
Winner Winner Chicken Dinner.
Let you know when they hatch.
BTW the Hen doesn't have dick but my Rooster does.
Mistyped. It was .149 . That ain't dick or Harry.
Until you sell, you made dick. You can't buy a used car with paper profit.
The recent move up in the stock occurred with the addition of three new market makers who have been active on Level 2. CFGN,PUMA , ASCM.
Prior to this, the principal MMs have bee CSTI, CDEL and ETRF My theory is that the new investor(s), propelling the 40 % move up utilize the three new MMs for their trades.
Lots of false MM signals today on Level 2 including a sudden offer to sell 900,000 shares at .049 to scare away buyers and a posting of 1SHARE sold at .14471.
The close today may be interesting.
Hopefully next year Elite will be on Nasdaq where it will escape the vagaries of the OTC BB which is controlled by Market Maker manipulation.
I believe that Carter Ward is working on or has completed the work to transfer from the fiscal year ending in march to the normal 12 month calendar year. This will delay the report on the Dec 31 year end quarter to mid or late Feb 2024.
Ironically, the best event this year was the bankruptcy and failure of Lannett, our distribution partner, which forced NH to try to become have the distributor in house for Adderall and other products.
The last quarter, which will be reported on Nov.15 ,should show revenue in the $10-12M revenue based upon Kirov's success and the probable quota increase from the DEA.
Agreed. Now comes the test. We have reached the first resistance level.
Another new MM today CFGN.
The main obstacle to listing on Nasdaq is the stock price. While $1 is the minimum for a stock that is listed on Nasdaq to remain listed, new issues require a price of $5 or a minimum of $4 for small cap listing.
If Elite reaches a OTCBB price of .40, the company can do a 1 for 20 reverse split to attain after split price of $8 so to can qualify for listing and allow for possible price deterioration before approval which can take a month. This may or may not trigger some selling but long timers should do OK. Of great importance is that the stock giving holders leverage as well as the ability to buy stock in other companies or pull down some cash.
Market cap at 40 cents is around $400 which is not unrealistic is this market.
I believe that most of the up volume price action on the Friday 40 % move, on a day that was very poor for most stocks ,was caused by significant new investors who believe there is a good reason to own the stock now. As there is a both a buyer and a seller for a trade, I also believe that the sellers on Friday were mostly long time owners who finally got to see the stock trade a 3-5 year highs and sold to the new investors. The exception and kudos to AMA who put his money where his mouth was and bought at a dime, possibly a future yearly low, garnering a fast 40% paper profit.
Since there was no published news on the stock, a clue to the rise may be inferred from some other cause such as (1) the Level 2 action and or (2) some front running of news that will soon be announced and or (3) possibly some sort of merger or deal for a new plant or someone taking a position for a takeover of the company
Regarding Level 2, first PUMA became a new Mm followed by ASCAM later in the day. It is likely that these MMs were the catalyst for the 5 fold increase in daily volume. The last time we has a new MM was JANE and the stock did poorly when she was making a market.
Regarding possible new news, Friday, October 20 was the PDUFA date for the acceptance of a new ANDA by the Sec and Elite has up to three business days to file the material event and news with the FDA and shareholders.
Regarding a possible merger or deal, we know that the future is so good that NH anticipates the company will need to increase the plant capacity for both current and new products.
Regarding possible takeover, the poison pill will expire on November 15 and will not be renewed.
Expect some of these questions will be answered around 8am tomorrow before the open.
I'm staying long and strong.
Upsher Smith will not oppose the Trademark designation since they will lose. The filing to extend was to delay the selling of Vigpoder (Sabril) by Pyros to allow Upsher to sell without competition until January. Japan's Sawai acquired Upsher for 1 billion in 2017.
You forgot the mantra that most brokerages cannot buy otc stocks. More like Munchausen by Proxy. Make the kids sick and claim you are the savior.
Trailers for sale or rent. Rooms to Let 50c. Who is he?
Vigabatrin, which is used for the treatment of epilepsy in infants, has very serous effects including a risk of loss of vision. Before it can be commercialized and marketed, Pyros must submit a successful Risk Evaluation and Mitigation Strategy to make sure Doctors and potential users are aware of the serious dangers and the need for constant monitoring that it is not harming the patient.
This issue is much more serious than the dispute over the Generic name of Vigpoder viz a viz Vigadrone which Upsher Smith may decide not to appeal.
Considering the possibility of legal liability, Elite probably considers the high cost of the drug to by worth the risk. For shareholders it is just another iron in the fire.
NH closed last c a ll by saying see you on Nov 15.
Maybe the news after the close or Monday is Elite accepts a takeover offer for 50 cents a share. One can dream can't he?
Sell 1/3 and pay back the loan
LOL. He will sell after he sells the Brooklyn Bridge.
From one of my favorite movies Let It Ride: Were having a very good day!
Another new MM joins the list- ASCM. Now 11 mms
What a difference a year makes. Porked no more.
You mean last day to buy at these prices. It is still early to purchase shares in a growing company that may be listed on Nasdaq within a year escaping the vagaries of MM manipulation and permitting institutions to buy.
I forgot. Who was the genius who touted people from buying since he claimed no nasdaq no increase in price per share?
I forgot. Who was the genius who claimed that stock can't rise since many brokerages do not permit purchase of OTC Bulletin Board issues?
Hope you don't dislocate your shoulder while patting yourself on the back.
Things are about to get interesting. PUMA capital just became a Market Maker.
A large block of 300-400k shares have been up for sale since October 8 by MM ETRF at .104. It may be a second tranche from, you know who, the to great pontificator. It any event, it is acting as a curb for the next big move up. Until it doesn't.
I repeat it is unseemly to brag about your holdings and it may also by bad karma.
The MMs book gives them a big edge.
MM ETRF has has a offer of appx 300k shares for the past week for prices around .102-.104 This offer will tend to suppress buyers and is often a fake-out for them to accumulate cheap shares for those who follow level 2.
They are also on the bid to see if someone( wink wink )will pay up for an extra thousand bucks.
Used car prices are coming down. We Zell used cars. Good time to take a loan off your feet.
The 10 cent level, now pierced, may now become a support. Since this stock has not seen these prices in some years, it is difficult to try to predict the next level of resistance albeit 15 cents is my guess.
When considering purchases here, consider the possibility that a year from now, this dime price may be the low for the year ending 10/19/24 as other products other then Adderall should be in the distribution chain.
Good luck and best wishes to the longtime faithful investors who stayed the course.
If there are any short sellers in this stock, it looks like they will have to soon cover driving up the price.
He who sells what is his'n.
Must buy it back or go to prison. David Drew
It is possible that in the near future, someone will have bought the last share that is sold for under a dime. Petty cheap lottery ticket.
Posting the amount of shares one allegedly owns is unseemly, unproven, and really, who gives a damn.
The poison pill, designed to dissuade and prohibit a "hostile" takeover will expire in November around the time of the next quarterly report on November 15.
Since NH now owns around 300 million of the 1.3 Billion shares outstanding, the pill is moot since NH has the ability to thwart any chance that someone could buy 650 million shares excluding even the self maned Emperor.
The BOD should also now consider concluding the purchase of the Sungen Adderall share that NH bought. Since it is in his interest for the company to do well, Nasrat should consider a payout over a fair period of time since funds are required for important Research and Development .
Excellent decision on the role of MMs in swindling investors on bulletin board securities. NWBO has a major case in federal court against Citadel and other broker dealers on this issue.
This is the prime reason it will be best when elite is able to get off the OTC and onto nasdaq where there is less manipulation. My guess is that NH will press for a reverse split when the stock is around .35 cents to qualify for the price required to list.
The response here will probably cite how reverse splits are usually bad for pre split shareholders. While that is often true, especially when a listed stock is delinquent and falls below the $1 to remain on Nasdaq, stocks that reverse split to qualify for Nasdaq are a different story.
The thing that distinguishes Elite from almost all other OTC crap is that it has a real PR ratio. Most otc stocks are losing money and often have to issue more shares to have the revenue to continue to survive. Many here will remember when elite had to resort to that type of predatory financing with Capital.
A dime price will look look a steal in the near future as smart new investors who do their actual due diligence conclude that this is a great company to own long term.
The PDUFA date for the antimetabolite is October 22 if my math is correct. This drug treats Leukemia, anemia and various other lethal cancers among other diseases. A little news can't hurt.
The reason the Adderall XR quota won't be increased is that elite could not sell its quota although they sold out of the IR version. My suspicion is the users such as college students are looking for an immediate kick which is not provided by the ER version.
Once elite shows it can market their extended relief quota, it should be increased.
The unused quota referred to was for quotas previously established. In reviewing new quotas, it is likely the DEA will consider that companies that did not fill their quota will have their quota reduced and given to companies like Elite who sold out.
It appears that the 10 cent resistance level may soon be breached to the upside. A dime is will be a good entry point for new investors as some here take some off the table for a profit. (Used car prices are dropping).
Once above a dime, the 10 cent level will be a floor. Stock has just started to move from toddler to teenager.
The DEA indicated that companies that were not filling their quota would run the risk of having it reduced or eliminated and given to more productive pharmas. Elite fills the bill for this increase. Perhaps NH will talk about the quota in November.
Last year's quarter ending Sept 30 revealed 7.2M for manufacture and 1.4M for licensing for a total of 8.6M in total revenue. Based upon last quarters success in sales by Kirkov, I would expect a minimum of 10.6 M, for this year, an increase of at least $2M.
Current low volume is indicative of a wait and see for most investors who own the stock. I would not be surprised for a large block for sale to be offered before the stock moves past the 10 cent resistance level. A classic fake out by a large buyer. Any large purchases should propel the stock to the teens rather quickly.
Expect some news before the Nov. 15 call.
Feels like the calm before the storm. Last chance to buy a dance for a dime.