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Very few shares for sale and moving on relatively light volume.
I still think a very select few have any idea what Elite has going on.
Those that do are holding their shares and buying more.
Shorts covering today?
I do believe that there has been effort to suppress the share price.
But I am always reluctant to jump on the conspiracy theory bandwagon on anything.
It seems undeniable here.
GLTA
Get the feeling it is a small group of people that really know what is going on here.
If there is a concerted effort to hold down the share price it won't work much longer.
One day soon everyone will know the potential of Elite.
Dr L
I know no one knows for sure what direction the price will go.
What would you anticipate for the short term and long term price of eltp.
Do you expect the patent announcement to have any positive impact.
I know you have stated that eltp can not hold its gains in the past. Do you anticipate the price will return to .08.
GLTA Longs
Purchased more today.
Its hard not to, knowing the gravity of the up coming patent pr.
Its not hard for me.
Sure is tempting to pick up a few shares here.
Very very quite.
Think I might nibble.
Pretty exciting!
No very exciting!
May 22nd is right around the corner.
Should be able to buy more mid next week.
I would love to see my ELTP odometer role over 1 more time.
GLTA
At least they are trying yo hold it below .135 and not .085 like a few weeks ago.
Your logic makes sense why would someone sell huge lots on low volume.
It would make sense to trickle it.
Maybe the reason Hike was removed was term limits? Ha ha
GLTA Longs
Ryan,
You were going to buy some more eltp.
DId you pull the trigger or are you waiting for a potential pull back?
If eltp is quite for another 3 or 4 weeks it may drift.
I think a more likely scenario is we have seen our new base around .13 and we slowly build as new private investors find out the value of Elite, mostly be word of mouth.
GLTA
Sure not much volume today.
It is very very quite.
I have a feeling a lot of the float is in the hands of longs.
GLTA
From Yahoo Board
Watson, Actavis to unveil deal on Wed -sources 04/23 12:03 PM
By Frank Siebelt and Edward Taylor
FRANKFURT, April 23 (Reuters) - Watson Pharmaceuticals (WPI:$69.02,00$-0.34,00-0.49%) aims to announce an agreement to buy Actavis for around $6 billion on Wednesday, in a deal making it one of the world's biggest suppliers of generic drugs, sources familiar with the matter said.
Reuters first reported on March 21 that U.S.-based Watson was close to buying the unlisted Swiss drugmaker to help it compete more effectively against rivals like Teva Pharmaceutical Industries (TEVA:$45.15,00$0.07,000.16%) and Novartis (NVS:$55.61,00$-0.77,00-1.37%) unit Sandoz (NVS:$55.61,00$-0.77,00-1.37%) .
One person said on Monday that the announced price on the deal was likely to be 4.25 billion euros ($5.6 billion), which is down on the initially reported level of 5.0-5.5 billion euros.
The deal is important also to Deutsche Bank, which was left holding billions of euros of Actavis debt after a leveraged buyout in 2007 by Icelandic tycoon Bjorgolfur Thor Bjorgolfsson. Some of that debt has been written off.
It remains unclear whether Deutsche Bank will retain a stake in Actavis after the transaction.
Watson, Actavis and Deutsche Bank have all declined to comment on the talks.
Unveiling the deal on Wednesday would come a day before Deutsche Bank posts first quarter earnings. Selling down its stake in Actavis will allow Germany's largest lender to free up a capital buffer which it would otherwise need to set aside to meet tougher bank safety rules.
Sources close to the transaction said 10 days ago that banks were lining up to provide financing for Watson's acquisition, with credit likely to include a $2 billion term loan and a $4 billion bridge to bond.
The generics sector has seen a wave of M&A in recent years because Western governments are putting pressure on the industry to provide drugs at the lowest possible price, which favours large players who can produce at low costs.
Targeting Actavis is a bold move for Watson, whose previous acquisitions include the $1.75 billion purchase of Arrow Group in 2009, which established a foothold for the company in Europe, and the $1.9 billion purchase of Andrx Corp in 2006.
The purchase of Actavis would be far larger but could be made to work since there would be scope for significant synergies, including the possible closure of some manufacturing capacity in the United States. ($1 = 0.7619 euros) (Additional reporting by Ben Hirschler in London; editing by Jonathan Gould)
Get more news on:SYMBOLS: NVS, TEVA, WPINEWS TYPE: Corporate Events, Corporate Events: Mergers and AcquisitionsSECTORS: Financials, Commercial Banks, Health Care, Pharmaceuticals
Lasers Thanks for the post.
And thanks for response several weeks ago about elites production capabilities. My assumption was wrong. Nice to know that they can go it on their own. (except for funding of phase 3)
Poorme, no I don't think we see .10 again, but who knows.
If we do I will buy even more.
I think what is happening is a few more investors are understanding the value of the patent every day.
We will get spurts from traders but I have a feeling many people are going long and putting their shares on the shelf.
I would rather see a penny or two a week, but I have a feeling that there may be some wild swings at some point.
I really think that the knowledge about the patent is still very limited and all who are purchasing now are very blessed to be able to buy before the market gets wind of what elite has.
GLTA
Not that I need any more sharers. I consider myself very blessed to own the position that I do.
But what if the the folks that question eltp on all fronts were able to scare enough people to get this back to a dime. I would be even more blessed as my confidence in the execution of the game plan by management has never been higher.
Again I have to thank those who have casted doubt on eltp's progress. I could not have done it without! you !
Buy on dips!
GLTA
Eltp and the new tech is still very much under the radar.imho
Not even all current shareholders understand what Elite has.
I appreciate all the effort put forth by those who have helped myself and others to understand the uniquness of the tech related to the patent.
I also in a way appreciate those who have questioned the companies validity on all fronts. It has helped me be more certain of what I have. It has also potentially given many of us an opp to accumulate many more shares at a lower price.
GLTA Longs
Great post
Made me laugh.
Anything is better than nothing.
They need to start by responding to emails.
This stock has moved in the past on prs alone. I believe.
If what you say is correct, we may never move as Peter imo will newer pay for a promo.
That being said I still feel we will push to much higher levels in the next few months.
We shall see,
GLTA
Or maybe one of those fancy dancy things that some companies do.
Whats that called again...
Oh thats it, I remember its called a pr! Maybe with numbers and a forcast to inform the investing public.
Back into hibernation she goes, or should I say remains.
Average in the .09s.
Holding tight to what I have and buying more.
No reason to sell when the .20s and beyond are very close.
Going to be a very fun next 12 to 18 months.
GLTA
BTW Most of the buying at .0012 and at .0015 has been me.
I know nothing more than anyone else.
Just have a feeling that they will release news soon.
It has been sooooooo long.
They sound like they are very busy at the company. I got put on hold a couple of times in a 3 or 4 minute period.
But for all I know they were landlords asking where thier rent was. lol
They also said they have received several calls.
I would encourage all shareholders to call.
Hope we turn around here. I have averaged down.
Go Skzw
Spoke with someone at the company today.
As far as the lack of responses and communication in general. I asked when will that be changing. She said that we would see a difference in the communication within a week.
Maybe they will begin to answer emails next week.
She understood that shareholders wanted finaicials she said that is being adressed.
We shall see
Ya I don't think we have much chance of closing at hod after that trade.
I happened to check just at the second that happened. Thats a big oops for someone.
Did you see how many shares?
Fat finger of the day award winner.
Longs are holding tight,
Relatively small volume compared to what it took to move this stock last time it really ran.
glta longs
Understand,
You may be correct.
I am trying to temper my enthusiasm.
GLTA
What is up that is big is a patent on a product that will effect a whole segment of a huge industry.
My guess is the news is just beggining to disseminate.
At some point it will hit a tipping point, I believe that happens before 30 cents and within 3 months.
GLTA
I moved my lithe buy up to .1235.
Pretty large ask at .1246.
So I think I will get it filled.
I already feel a little eltp heavy in my portfolio, may be a lot heavy. But it really does seem like a no brainier in here even if the there was no patent.
GLTA
Over the last half hour or so I can't seem to get anyone to sell me even a few K at .122.
There will be a lot of folks chasing this thing and saying why didn't I buy it at .12.
GLTA
So much going on it makes your head spin.
Short volume will continue to decrease on a percentage basis of the daily volume. IMHO
It looks like the last time accumulation was at this high of a level the stock was almost 2 times was it is today.
GLTA
Really was not expecting to get filled that quickly.
Makes me wonder if I should not have joined you.
GLTA
Good luck.
Time seems to be abundant here.
If only information were abundant.
GLTA
I think we will get some sort of initial pop.
But it may take weeks or maybe months for the industry and the investment community to be informed about the broad scope of the tech.
Then again several key write ups or interest from a large Pharma may shorten the time frame considerably.
Either way is fine.
GLTA
I have company at .0012.
Hope we both get filled before a pr.
Wow could be any day now.
Nice to be in on the ground floor.
Been here for over a year and the future has never looked better.
I bought this company thinking that the patent may never happen.
You could see the new management was turning things around and would have many products on the market in a couple of years.
This company is a great turn around story and a very nice investment without the patent.
But with the patent.....
GLTA
That was me today at .0012.
Just play money in this one.
Really think this stock will get some recognition in the next month or so and an easy double or triple from my buy today.
GLTA
Real money is in eltp.
Up 50 % in last couple of weeks and is about to fly in to dollar land.
It appears they have opened up a new outlet in Arizona.
I can't be sure but I don't remember seeing it when I last looked which was before the website update. ( 2 months or so)
Has any one spoken with the ceo?
Are they going to be submitting a yearly report?
GLTA
I do think that the flippers who bought at around .08 have all sold out and those shares are in the hands of longs. Even though the outstanding has increased, I would bet it will take much less volume to hit .26 than it did about a year ago. Just a hunch that many shares have been accumulated that will be held much tighter than the last big run.
Last year we had several days around 50 mil volume.
I think if we were to see that volume again, which I believe we will, the price will be 20 to 30 cents higher than it is today.
All imho
GLTA
I think the gap was only from .10 to .102 not .105.
Does the gap become less likely tp fill when it is small?
At this point it would seem unlikely to fill anytime soon if ever imho.
I do hope you are able to get in at a good price and make some cash.
GLTA
I think anything at this level is a steal.
Good buy.