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I believe that as soon as the FDA gives them the final ok on any drug or facility they will release a pr.
Even if it falls on a Friday pm. Thats their mo.
Also anything that constitutes an 8k, has to be submitted within 3 days.
GLTA
I don't think they need cash.
At least that was the feeling I got from speaking with management several months ago.
But their recent actions make me think something is up.
My guess is activity will begin to pick up on the stock over the next month or so.
.02-.05 I think is very attainable before eoy.
We shall see
GLTA
I was fortunate to get out when John died.
But I really think iweb is way over sold.
Given time I believe the new ceo will do just fine.
I am back in.
GLTA
Counter updated again. By one.
They seem to really be keeping up with it.
They may have some sort of new motivation to see attention on the stock ?
I don't think we will see much news until after labor day.
I would not be surprised to see them sitting on news until then. I know I would.
At that point 1.5- 2 cents will happen very quickly. I suspect we will see multiple releases.
I also suspect our seller may be gone.
GLTA
Where should the share price be given there revenue, small profit and current float.
I would not have expected dilution, usually dilution is accompanied by an effort to pump up the stock so some can sell. We sure have not seen an effort to get the stock to move. Not that I want a pump and dump.
Hopefully it will move on its own merit.
GLTA
I am not great at reading these but it looks like they were just profitable in 2011.
Be interesting to see the last quarter.
No I had not seen that.
Great find.
Looks like we may have our fins soon,
Supper cool!
7779 - they must have wrapped two more eod. lol
Something like 40 wraps in 12 days.
Impressive, at least to the 5 of us that follow the stock. Or is it 6?
GLTA
What to expect from the conference call.
Revenues between the high 600k to mid 800 k. (would love to see above .9 million)
Would look for hints about Bio Eq studies. (they may already be happening)
Unless we have a drug release or news on funding the share price will stay in the present range. (aprox .11-.135)
I am somewhat positive short term 1 to 2 months. Mostly out of Elites hands. Patent news, drug realeases, new facilities approved.
FDA is painfully slow.
I feel very confident that in the mid term 3-6 months that we will be out of the present trading range and be looking at 100% returns range . .20ish IMO this price will be achieved on lodrane alone which will very quickly double the companies quarterly revenue. If we get a big name partner for ph 3 which I would expect no earlier than 6 months from now the price will be much much higher.
Long term (6-12 months), I am going to go way way out on a limb and predict even poorme will be happy with the share price.
Very good,
I remember that.
Conix you got it right.
dadx4 "Hope to hear from you via a PR or SEC filing soon!"
My fear is that by the time it happens you will have changed your handle to.
Grand_dadx16
Had spoken with a employee at the company a long time ( 2 months) . He expected things to change by the eo summer.He was the one who told me they were opening to more locations. I will be calling him eom if nothing changes as far as communication.
GLTA
I think they will, just late.
This stock will wake as news begins to flow.
Great opp to pick it up now as it is very quite.
GLTA
I still don't think it will happen.
Although it has come a lot close than I ever thought it would.
Anything can happen on low volume days, so who knows.
I do think the company has turned a corner, and the time period for the gap to be filled is pretty limited.(IMO) I think the base at around .11 is pretty strong and news will give us a new higher base.
If you are waiting for the gap to be filled to buy, then I hope it does so you can enjoy the ride.
GLTY
As for knights effect on eltp's stock price. It appears to have been a wash.
Looking forward to the cc.
GLTA
Anyone thoughts on 1st quarter?
I would love to see 1 plus million revenue, But my guess is .91 million.
Dr L, wouldn't the Acc/dist chart prove that the stock is being accumulated?
There was little difference in the price Thursday and Friday while knight was gone.
There was a sizable difference in vol and % short.
Is it possible that knight has little or no long term short position and simply bought and sold over a 1-3 day periods and made 3-10 % over and over again? That would be my guess.
Would love it if they were holding a lg short position.
We shall see over the coming days.
GLTA Longs
What happens to the short position that knight Cap most likely has in ELTP if they (knight Cap) goes under? Which looks like a possibility.
It will be very interesting to see how the stock reacts to them just being gone.
"Accum/dist is off the chart with a sharp NEW HIGH showing on that indicator"
Gotta love it.
Gotta think a bunch of the shares are locked up for much higher ground.
We are on the ground floor of a very nice little company.
GLTA Longs
Well if I didn't think they would use the new facility (growth), then I don't think I would hold on to the stock.
Just a wild guess.
IMO
12months ELTP run rate will be 7-9 million with 4-5 more launches.
Share price .50-.75 cents Just on the present pipeline.
I really have no guesses where eltp will be once we have a partner for ph 3.
Nor am I factoring in the completed and successful Bio E studies and subsequent launches.
Just the 8-9 drugs that should be made at Elite facilities.
GLTA
Hopefully we have follow thru, and a steady increase in vol until the cc.
Also hopefully some of the shares that were purchased , were purchased by knowledgeable investors here for the long haul.
GLTA longs
Lots of volume the last 30 minutes.
I have always believed that if the painkiller abuse resistant tech was a flop the rest of the pipeline would make this stock a nice growth play. Now I am starting to think that jt is building a little powerhouse even without the game changer.(interesting dd on phentermine)
Poorme, yes I am selfishly impatient. But the company has turned a corner, and these things take time.
GLTA Longs
8000 is not that far away at this rate.
14 in a week
Maybe a pr??
I also did it.
The FDA and the pharmaceutical sector is painfully slow due to regulations.
Not one of my more patient days.
GLTA
Frustrating to see eltp go up on heavy volume and then take so little volume for it to go down.
"Now what I would like to see is Elite and JT sign a financing deal and get moving on their BE studies!"
What was the cost on these studies again? I know it is much less and quicker than ph 3. Like 2-3 million?
Nice bid support this am
.0035 will seem like a great deal when .01 is in our rear view mirror.
"Skyrocket" maybe a little weak in describing the share price increase when that happens.
It could happen anytime but I believe jt expected a partner after the Bio Equivalence tests are completed, which I believe was anticipated before end of fiscal year. (8 months)
GLTA
You know what would be more interesting.
If you could find a time-lapse vid of the auditor completing the financials for skzw.lol
One day.....
GLTA longs
Interesting, at this point no big asks showing up.
mm may have taken the lid off?
Or the shorting may have diminished on a more permanent basis.
GLTA
Or the buyer comes back.
IMO this company runs a very tight ship. Therefore I doubt we have a news leak.
I think if this is due to a pr a third partly is involved and someone told a friend or family from that third party.
I am strongly leaning toward the theory of Ledgemont buying on the open market .
It is amazing to me, if this is the case, that the mm who in theory have been holding down the price just step out of the way when an institution jumps in.
I would love to see a new base in the high teens or low .20s and an even tighter float.
GLTA
All good stuff and As I recall jt takes only like 30 grand a year in salary, the rest in stock.
Plus his bridge loan.
The ultimate show of confidence .
GLTA
A lot of very informative posts tonight by several board members.
Much of the dd a person needs to invest in eltp can be found from links posted on this board.
Thanks gentlemen.
They are coming. "I am excited for the runs we will see on 20M days that are sure to come."
This was rather a strange day.
My guess, if there is news it will involve another party as Elite has very tight lips.
Not to excited yet, as I have seen these oddities before with no follow through many times on other stocks.
GLTA
I am going to go out on a limb and say that we get news this week.
Just a gut feeling.
GLTA