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Totally agree. 99% of Pink/OTCBB stocks are pump and dumps putting out news once or even twice per week. I knew ELTP was different just by their lack of PR's! We might get one PR a month which says this is not a pump and dump on the OTCBB.
Look at PTIE which closed yesterday at $4.33 and they have zero products on the market. They signed an agreement with PFE to make Remoxy, which is not FDA approved. Are you telling me that they are more valuable than ELTP which has products in the market,additional products waiting to be launched, and their own ART for multiple products, not just one? I don't think so... reason I believe we should at a min. of $4 when we get not only our first product but also sign with a larger pharma co.
The way this is trading so far I say we close green. They have tried to bring this lower at the open and bounced back. It will probably trade sideways throughout the day but by the end of the day I can see us closing green. This is the new Elite with a massive pipeline and abuse resistant technology for opiates.
I agree nor does a whole group of people on a message board. This kind of conversation is a distraction on what we really should be focusing on and that is the company's fundamentals, patents, trials, FDA approvals, mergers and acquisitions, product sales, product launches, ect.
ELTP wants to go higher...just need a few buys to pass the new 52 week high of .339...lets go!
Thanks bud! The last 20mins is going to be crazy. Are investors going to sell or buy thinking news might hit after hours/tomorrow and don't want to be left out? Possibilities that will warrant a PR:
-Positive test results from Dec/13 studies
-Partnership
-Drug launch
-Additional drug launches hence the form 4's to pay for the milestone payments owed to ELTP.
-PR about the additional FDA approved drugs.
GLTA ELTP shareholders! Although luck isn't needed considering we all know what we own. Last post of the day but will continue to read everyone else's.
I'm facing a dilemma right now myself. I could sell 100k@.332 and that would pay off my waterfront piece of property that has ocean access. With owning that piece of property free and clear I can use it as a downpayment on a house my wife and I want to build which the lender guaranteed a 100% approval. We want the house but at the sametime know that ELTP is going to move much higher and losing out on 100k shares would be disheartening. This is a problem I like having in life.
I'm jealous and happy for ya! I only have 543,600 but I was stupid for buying 90k@.25 and 100k@.175 when ELTP announced profitability on Lodrane before it was pulled. I can only imagine my share count if I bought at .06-.115 range. Can't cry over that now and am glad I didn't stop at my goal of 400k then 500k.
Drugdoctor I hope you are right! With a partner we could easily see $1-$3 a share. Just look at the companies that have partnerships with PFE that have zero products and they are trading in that range. At least we have revenues and abuse resistant technology.
DR.LOL what is your take on this movement? You're really quiet. Any info would be greatly appreciated, no joke.
.34!!!! don't want it to stop now!
Agreed StockSwami! Buy Hold Accumulate group is making the cash! Haven't sold not one share and won't. Congrats to all the longs that have stuck it out since the first run to .26 the the immediate drop in PPS and have since been accumulating in the .06-.115 range. The very small few that didn't believe in ELTP...well...the current PPS says it all.
Don't forget about the "puny" trials...LOL! Whatever the case is I'm over 160% in gains so far!
My boss just IM'd me saying GO ELTP! I had him buy 150k shares at .10 and now he's happy as can be. Now would probably be a good time to ask for a raise:)
LOL! I'm in the same boat. My company uses Schwab, thank GOD, and even in a conference call I'm to busy hitting refresh while watching this board.
Nothing so far. It drops a little and then moves right back up to over .28. Could we close at .30 today???? Slow and steady!
Congrats brah. I'm tapped out with no fresh powder or I would love to say I'm averaging up! Glad we are finally able to see the strong growth in PPS that establishes new support each day. Slow but steady growth in PPS imo! My only concern is a flood of sales once news hits.
Something has got to be going on because we haven't seen this kind of strength ever. Last run to .26 and we nearly saw an immediate drop in PPS and it def. dropped throughout the weeks ahead. This price movement is based on strong company fundamentals, patents, trials, ect...
Show me another CEO that does the following:
-Purchases 11M shares on the open market before joining said company.
-Only wants to be paid in stock for the first three years of employment.
-Loans out $1M to help expedite the companies business plan which includes, but not limited to, clinical trials for THREE different types of opiates utilizing their patent awarded abuse resistant technology.
-Stated in the last CC that he didn't join ELTP to help the company reach millions in earnings which would be a failure on his part. He wants ELTP to achieve billions in revenue.
Funny how someone can't figure out why PFE is in the $30 range. Could it be that PFE has around 7 billion share O/S?
Thanks Couch on the PM. Will be upgrading my ihub account tomorrow with lvl2 quotes and hope its worth the extra cash.
I agree with your assesment of 1-3yrs and yes the possibility of $20 is there with a complete line of opiates utilizing ELTP's patented abuse-resistant technology. I don't understand how hard it is for some people to comprehend considering the CEO stated that one drug alone will bring the PPS to $4-$5 with only a 5-10% market share. Management has executed their business plan and fulfilled all their promises which we are now seeing the benefits. My expectations are high because the CEO himself stated that he is not going to be happy earning millions in revenues for the company, he wants billions!
Thanks for the link Tangerine.
ELTP owns a 10% stake of a pharmaceutical company called Novell Labs that they could end up selling. That 10% stake could be worth millions if not tens of millions.
I never said I knew it all. You bragging about posting on the yahoo boards says it all. Suggest you read the sticky that someone created that shows the conservative market share % based on the O/S and the amount of drugs launched. I will also believe the CEO who bought 11M on the open market and is only paid in stock. Your expectations are to low.
Guess you don't listen to the CC muchless ask a question like I did to expect $7/share. I know what my expectations are and I won't be disappointed.
Great close on 4.77M shares:) Can't wait for any form of news to hit!
-Patent
-Partnership
-Drug Trial Results
-Drug Launches
-Milestone Payments
-Novell Labs 10% stake sold
LOL! you are right! didn't even realize that till you pointed it out. I would say GLTU but as a shareholder of ELTP luck isn't part of the equation. We know what we have.
Nothing beats Hawaii imo. Where else can you snowboard and then surf in the same day much less within an hour or two. Plus you are in the US so no need to worry about having to visit a US Embassy incase of an emergency. IMO Hawaii has to much to offer. I will be moving there when our ELTP makes us all multi-millionaires.
Good about time! LOL!
Ok so what? ELTP only has a 507M O/S so they only need to capture 5-10% of the market to reach $4-$5 PPS. Keep in mind that is only one ART product so imagine four or five drugs with their ART. With the right marketing ELTP's ART could be a standard in the industry and educating the doctors and insurance companies could increase the market share by a significant margin. Glad you are finally seeing ELTP's true potential and progression.
Aqua...my wife and I are so close to just quitting our jobs, selling everything we have, and just moving to Hawaii. Shows like Buying Hawaii and Hawaii Life are no good! If ELTP hits anywhere from $7-$20 a share due to all the ART products that are going to launch then we're off to Oahu, Maui, or the Big Island.
You both need to come down to FLORIDA where we wear sweaters, hats, heavy jackets at 50 degrees! One morning it was 35 degrees here in Daytona Beach and everyone was wearing heavy gear like it was below zero! It reminded me of the winters when I used to live in Jersey. ELTP will get us all the funds to make our dream, big or small, come true.
Pete I hear ya and I'm in the same boat. Both have to be careful.
Now that would be an upgrade! Add the website on each side of the truck.
LOL. Soon pennies to dollars!!! I'm looking forward to what tomorrow brings. PR Tuesday!
I'm filipino so I know all about spam and rice.
They also need to update the vending machines to include credit cards and dollars instead of just coins. Go ELTP!
I did the same! The DD on this board is the most comprehensive and ACCURATE compared to any other so I kept buying, accumulating, and holding till ELTP gets an entire line of products to market. Why settle for a buyout?
I do. Soon as in possibly this week!
DB what also adds value to ELTP is their 10% stake in a pharma company called Novell Labs. I believe they were approved to manufacture the morning after pill about six months ago. Our DD Kings can verify this info. That investment alone is worth millions if not tens of millions.