HOLDING STRONG!
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Yes John, there are short positions in ELTP.
Market makers (MM)are -
CDEL 0.325 3030 04/22
ATDF 0.324 10000 04/22
CSTI 0.322 50000 04/22
ETRF 0.322 2500 04/22
NITE 0.3185 2500 04/22
this shows them active on the bid.... go look at Level II to see the ask side.
Now, is it possible for these MMs to short whether legal or illegal (i.e., naked). I would have to say Yes!
Search Citadel (CDEL) and you find things like -
http://www.valuewalk.com/2015/08/citadel-china/
Search Automated Trading Desk and you find things like (hmm, talks about dark pools also) -
http://wallstreetonparade.com/2014/06/citigroup%E2%80%99s-dark-pools-here%E2%80%99s-why-the-public-doesn%E2%80%99t-trust-wall-street/
Search G1 Execution Services (ETRF) and you find things like -
http://www.shearman.com/~/media/Files/NewsInsights/Publications/2015/01/Securities-Enforcement-2014-Year-End-Review-LT-012915.pdf
Search Knight Equity Markets and you find things like -
http://www.bloombergview.com/articles/2015-12-01/naked-shorts-at-the-supreme-court
You do word searches in each article for the respect MMs but you get the picture.
Keep your short position if you want but keep in mind........ shorts are ruthless people with no morals so if you think the big player that is about to cover has any care for his brother shorts, LOL, keep right on thinking that, LOL!
When it comes to money, everybody/anybody will stab you in the back and let you bleed out while they take the money for themselves.
It is coming.... tried to let you know.... am I a long? am I a flipper, am I a short? Nobody knows on these boards. Haha, tried to give you a heads up.... listen or get left behind.
Jules, yes, some have been shorting since ELTP was on AMEX.
Heard a rumor and had a friend do some backdoor snooping. Big player looking cover a long term short. Cannot get into details but it is going to happen soon from what I understand. Will be interesting to see how it plays out :)
Watch your market makers NITE, DOMS, ETFC, FANC!
Shorts watch your market makers for signals! Major market maker covering soon! Don't get left out!
Who is covering........Auriga Global Investors, Harvest Capital Strategies LLC, J.P. Morgan Investment Management Inc, Omega Advisors Inc, Sabby Management LLC, War Chest Capital Partners LLC, could be firms that would cover. Do your research to see who your short partners are and do not get left behind when they cover.
Just trying to help....... do not want to see you on "GoFundMe" begging!
ELTP will bounce back!
As with all false short attacks, the share price of ELTP will bounce back. I expect the shorts to continue their rumor mongering so they can continue buying to cover their shorts as the share price rises back up however they are tight schedule now with the FDA potential approval of SequestOx arriving by 14 July 2015 or sooner it will become increasingly more difficult to cover at lower prices. And if a major BIG short decides to cover on their own and leaves their other short buddies to go bankrupt then it will be a winning day for justice. (Hint to shorts - major player covering short position soon, VERY soon! Believe it or not :) , you choose and see who gets left out swinging in the wind.)
There is a lot methods for manipulation by shorts to control a stock over long periods of time - First information is widely distributed to make investors wonder about the company and to put fear into those longs that hold the stock. Next, high volume shorting takes place to drive the company's share price down. As the short attack continues, more people parade out news to continue to put questions in the back of investors' minds. On a daily basis, shorts use computerized trading to control the direction of the share price. At opportune times, the shorts overwhelm the buyers (bid price) of the stock by selling short large number of shares to drive the share price down and to eliminate the buyers for the stock at that given time. Shorts need to control the stock's share price over a long time (often several months to well over a year), and can't afford to just accumulate an unlimited number of short positions in the stock, so they have to be buying shares at the same time they are selling shares too. When the shorts drive the share price down, eliminating buyers as discussed above, some of those investors trying to sell their shares at that same time will follow the share price activity downward lowering their ask price. Now the shorts can buy back some of the shares they have shorted at lower prices including some shares where longs have put stop-loss sale orders to protect against downside losses. The shorts will only buy shares part of the way back up as the share price rises, and then wait to see if new buyers come into the market. If the share price continues to rise up to much again during the day, the shorts will repeat the same selling and buying process to control the share price. As mentioned above, the shorts need to control the share price over an extended period of time. They need to wear down the longs with rumor mongering as well as by creating fear as the longs continue to see the share price go down from the computerized trading. They hope the longs will give up and sell their shares at the lowest possible share price.
NOW :)If one or more of the major short players decided they didn't want to participate further in driving the share price down, and decided to buy to cover, this would create a major problem for those other major short players. The remaining major short players would not only have to drive the price down based on selling shares to new longs but would also have to sell shares to those other major short players buying to cover their shorts. The remaining short players would not be able to manipulate the stock share price as easy as they did working together. As this cycle continues, eventually the shorts would lose control and the stock begin a sustain rise in price per share as the short continue to try manipulate the rise and limit their losses. However, if the company has substantial news or very positive business results and SEC filings then the shorts could lose control completely as the stock price sky rockets. Then you will see something absurdly entertaining, or woefully tragic, depending on one's perspective, like that one trader, Joe Campbell, that was on the wrong side, the short side of a massive surge. The "dummy" E-trader, Joe Campbell, decided to go $35,000 short KBIO "and now owes $ETFC a wonderful $106K and was begging for help on GoFundMe. I believe he had to borrow against his and his wife 401K to cover his huge short mistake.
JMHO!
ELTP quarterly report in about one month and then about 30-60 days after that we should see FDA approval for ELI-200. Good times ahead!
I believe once SequestOX (ELI-200)is approved we really start to see things moving with Elite. I think they are looking for this to provide verification of their technology and then the door is wide open for them and us.
LOL, Elite may be a potential acquisition of a foreign company because -
I was just reading over various news with topics such as election, recession, trade deals, etc... and it dawned on me that we could see a rush of foreign purchases of American companies prior to the next president taking office due to-
1) They do not know what will happen with trade deals or foreign taxes if Trump is in office.
2) They do not want to pay Bill Clinton huge public speaking fees to do business in the USA.
or
3) They think everything will just lockup completely if Cruz gets it.
HAHA, just having little fun.
Elites new connections - PuraCap, Humanwell, Dangdai International....
PuraCap Pharmaceutical LLC web - http://puracap.net/
Humanwell Healthcare Group HQ located in a High-tech Development Zone in Wuhan,China web - http://en.humanwell.com.cn/index.aspx
Dangdai International Group Co is a subsidiary of Wuhan Dangdai Science & Technology Industries - still researching this one but they are in JV with PuraCap in the Blu Pharma deal so there is a connection. Also see "Cellular Biomedicine Group Announces a $43.13 Million Strategic Investment from Dangdai International Group Co., Limited, a wholly owned Hong Kong Subsidiary of Wuhan Dangdai Science & Technology Industries Group Inc." This was a 10%+ stake in a California medicine (pharma) company in Feb 2016.
China companies are major players in the GLOBAL (key word - GLOBAL) market and pay well to expand their growth.... owning companies in USA is like a status thing for them it seems they are very active recently. This could get interesting to see if the connections develop. I do not expect to hear much until after ELI-200 approval but you can bet there are some big money players positioning themselves for when that happens!
Elite/EPIC agreement summary below -
There has been no PR because there has been NO MATERIAL CHANGE. The payments have been executed for signing agreement and filing NDA. If payment did not happen then it would be a breach and Elite would had to PR or submit SEC filing. Only thing we can speculate right now is that the EPIC acquisition is good or bad for Elite - I will go with GREAT (better than good)!!!!!!!!
Item 1.01 Entry Into A Material Definitive Agreement.
On June 4, 2015, Elite Pharmaceuticals Inc. and its wholly-owned subsidiary Elite Laboratories, Inc. (collectively, “Elite”) executed an exclusive License Agreement (the “Agreement”) with Epic Pharma LLC. (“Epic”), to market and sell in the United States, ELI-200, an undisclosed opioid with sequestered naltrexone capsules, owned by Elite. Epic will have the exclusive right to market ELI-200 and its various dosage forms as listed in Schedule A of the Agreement (the “Products”). Epic is responsible for all regulatory and pharmacovigilance matters related to the products. Pursuant to the Agreement, Elite will receive a license fee and milestone payments. The license fee will be computed as a percentage of net sales of the Products as defined in the Agreement by Epic. Elite will manufacture the product for sale by Epic on a cost plus basis and both parties agree to execute a separate Manufacturing and Supply Agreement. The license fee is payable quarterly for the term of the Agreement. Epic shall pay to Elite certain milestone payments as defined by the Agreement. The first milestone payment was due and was received upon signing the agreement. Subsequent milestone payments are due upon the filing of a New Drug Application (“NDA”) with the U.S. Food and Drug Administration (“FDA”) for the Products and upon receipt of the approval letter for the NDA from the FDA. The term of the License Agreement is five years and may be extended for an additional five years upon mutual agreement of the parties. Elite can terminate the Agreement on 90 days’ written notice in the Event that Epic does not pay to Elite certain minimum annual license fees over the initial five year term of the Agreement. Either party may terminate this Agreement upon a material breach and failure to cure that breach by the other party within a specified period.
Global partners for Elite expanding!
Doesn't this mean that Elite now has a GLOBAL partners.... Canada and now China????
Take a real close look at the companies here and all the really big $$$$ at play.
Right where Elite needs to be.... connected but still independent!
Humanwell Healthcare (Group) Co., Ltd specializes in the R&D and sales of pharmaceuticals, biotechnology, and chemical products, in addition to the import and export of goods and technology.
PuraCap Pharmaceutical LLC is an emerging, fully integrated pharmaceutical company with expertise in product development, manufacturing and distribution bringing, high quality products & services to their customers.
now look at PuraCap's ties in the Blu Pharmaceuticals LLC and Blu Caribe that was announced March 24.
Wuhan Dangdai Science & Technology Industries (Group) Co., Ltd is a China-based privately held conglomerate. Wuhan Dangdai's business mission focuses on innovation, transparency, governance, prudence and social responsibility. Its portfolio is comprised of several Chinese publicly listed entities and private companies in North America and Africa. Wuhan Dangdai's diverse enterprise includes biopharmaceuticals, media, entertainment, real estate development, tourism, agriculture, textile and financial services.
stockboy, SEC still investigates! What's important is they will be watching and will determine what actions to take.
Report id of people like John Langston and others constantly bashing! Posters that claim that they have no position in ELTP and that just here to inform investors of all the bad info for ELITE.
Fill out the SEC complaint for and id them all to the SEC! The SEC will be able to put their case together identifying the manipulators in ELTP! IT WORKS! I will be sending SEC info daily. I was waiting for the manipulators to back out and let ELTP flow but they are greedy and now it is time to make the SEC aware!
SEC investigations - Manipulating the market prices of securities and abusive shorting activity.
Here is the link - https://denebleo.sec.gov/TCRExternal/disclaimer.xhtml
This is the tips and complaints link and every legitimate investor in ELTP needs to send in a tip/complaint to the SEC so they start to watch the activity in ELTP.
If you had trades that did not get filled when you price was below bid, if you trades were not executed when your price was bid/ask, if you see trades on realtime reports that show crossing the bid/ask. REPORT IT!
It is time for everyone to step up to make the SEC aware of the manipulative trading going on with ELTP.
Did this with another investment a while back, had a group of investors filing complaints daily for the BS the MMs were pulling. It took about a month but the MMs started to play somewhat fair and shorting was more realistic. Stock price started to recover to a more fair level.
LETS DO THIS!!!!!!!! Shorts that are underwater and manipulative MMs are trying to keep ELTP down. NOTIFY the SEC every day!
July 14th PDUFA date and DrPete's birthday! Congrats to ELITE and DrPete!
PDUFA of July 14 WOW!!!!!!!!
Was not expecting that FDA would such an aggressive date. WOW!
Speculation - FDA must be really comfortable with the info/data on ELI-200 to set such a speedy review.
I have been traveling and data connections suck so I turned off data. Finally, got good wifi this morning and WOW! WOW! WOW! WOW!
AGAIN - March 14 or 15, 2016 or sooner = ELI-200 FDA acceptance
Nasrat Hakim knows the timeline but gave a range of 6 to 12 weeks because if you give a specific date or week and it did not come in then people like some on here would be screaming the sky is falling. We are within a week of knowing and some here are already saying 6 to 12 weeks to try to confuse the DD that has already been posted. So just watch, we will see news VERY SOON!
March 14 or 15, 2016 = FDA acceptance (could be sooner)and March 28 or 29, 2016 = "74-day Letter" (could be sooner)!
FDA will make acceptance decision within 60 days of RECEIPT of SUMITTAL!!!! "74-day Letter" follows 14 days latter (60 + 14 = 74)
NDA was submitted 14 JANUARY 2016!!!!!!!!
Some people may argue that FDA acknowledgement of the receipt of the NDA in a letter to Elite dated January 25 is the date of receipt but I would argue with that as the FDA letter states the receipt date of 14 January!
It could all happen SOONER but the above is the timeframe specified by the FDA!
Couch.... yes, 60K is not dumping.
The point of providing the link is to show there are institutions investing in ELTP and so people can watch after NDA acceptance and see that grow.
Track ELTP institutional ownership at
http://www.nasdaq.com/symbol/eltp/institutional-holdings
March 14/15, 2016=ELI-200 FDA acceptance(or sooner)!
Just want to keep this at the top so people know it is SOON! And, to counter those trying to mislead people that it is weeks/months in the future.
March 28 or 29, 2016 = "74-day Letter" (could be sooner)!
FDA will make acceptance decision within 60 days of RECEIPT of SUMITTAL!!!! "74-day Letter" follows 14 days latter (60 + 14 = 74)
NDA was submitted 14 JANUARY 2016!!!!!!!!
Some people may argue that FDA acknowledgement of the receipt of the NDA in a letter to Elite dated January 25 is the date of receipt but I would argue with that as the FDA letter states the receipt date of 14 January!
It could all happen SOONER but the above is the timeframe specified by the FDA!
March 14 or 15, 2016 = FDA acceptance (could be sooner)and March 28 or 29, 2016 = "74-day Letter" (could be sooner)!
FDA will make acceptance decision within 60 days of RECEIPT of SUMITTAL!!!! "74-day Letter" follows 14 days latter (60 + 14 = 74)
NDA was submitted 14 JANUARY 2016!!!!!!!!
Some people may argue that FDA acknowledgement of the receipt of the NDA in a letter to Elite dated January 25 is the date of receipt but I would argue with that as the FDA letter states the receipt date of 14 January!
It could all happen SOONER but the above is the timeframe specified by the FDA!
ELI-200 FDA acceptance 15 March 2016 or BEFORE!
FDA should accept Elites NDA for SequestOx within 10 trading days or LESS!!!!!!!!
IAW FDA website and FDA timelines the NDA acceptance is within 60 days of SUBMITTAL which was 14 January 2016.
"What Investors Need To Know About The Billion Dollar Opioid Opportunity" article on a Canadian site dated Monday,January 25,2016
http://ir.baystreet.ca/article.aspx?id=195
This article discusses a drug company's product and using Elite Pharma in the discussion.
It states that there are at least a dozen companies competing for the $20+ billion opioid market, which explains why they're cumulatively valued at upwards of $15 billion.
Just speculation but with approval of the first ELI product Elite will automatically and immediately be looked at as a BILLION $$ company.... future valuations estimates could easily project 10X or 20X that.
Sorry if article has already been discussed but I cannot remember seeing this one.
March 14 or 15, 2016=FDA acceptance (could be SOONER!) 20 days and counting down!
March 28 or 29, 2016 = "74-day Letter" (could be sooner)
The above dates were adjusted as mrwrn pointed out that Elite filed the NDA on 14 January 2016. mrwrn is correct! Check the Elite 8K dated 29 January 2016.
July 15, 2016 = PDUFA date for ELI 200 - the date specified in the 74-day letter letting us know the FDA's goal date for review/approval.
Just estimates but you get the picture! Keep in mind, it could all happen sooner than these estimates.
You will know within 60 days of submitting your NDA whether it has been accepted for filing (or conversely, if FDA refuses to file your application). If your application is accepted for filing (60 days after submission), then you will receive a 74-day letter, which confirms your action date, confirms standard versus priority review, and identifies any preliminary deficiencies in your application.
March 15 or 16, 2016 = FDA acceptance (could be sooner)and March 29 or 30, 2016 = "74-day Letter" (could be sooner)!
FDA will make acceptance decision within 60 days of SUMITTAL!!!! "74-day Letter" follows 14 days latter (60 + 14 = 74)
NDA was submitted 15 JANUARY 2016!!!!!!!!
It could happen SOONER but the above is the timeframe specified by the FDA!
When will I know that my NDA has been accepted for filing?
You will know within 60 days of submitting your NDA whether it has been accepted for filing (or conversely, if FDA refuses to file your application). If your application is accepted for filing (60 days after submission), then you will receive a 74-day letter, which confirms your action date, confirms standard versus priority review, and identifies any preliminary deficiencies in your application.
Google it to learn about the process!
March 15 or 16, 2016 = FDA acceptance (could be sooner)
March 29 or 30, 2016 = "74-day Letter" (could be sooner)
July 15, 2016 = PDUFA date for ELI 200 - the date specified in the 74-day letter letting us know the FDA's goal date for review/approval.
Just estimates but you get the picture! Keep in mind, it could all happen sooner than these estimates.
Shorts trapping shorts!
Okey, seen this before in other stocks. BIG (hedge fund) Short drives it down to cover. I think this is what we have seen over the past month.... BIG short is covering here and there so it doesn't draw too much attention .... NOW there is some big covering while all the small time shorts are wondering what is going on.... some small time shorts jump in and short some more on a penny or two drop getting buried deeper.... BIG Short covers and small shorts are left out to dry and in the hole (lost their azz).
FDA acceptance is coming.... anyone holding short is going to be on "Fundme" asking for help because they have a huge negative in their account, LOL!
ELTP Time/sales
Time Price Volume Market
10:10:57 0.305 10000 OTO
10:06:49 0.305 12000 OTO
10:04:57 0.31 40000 OTO
10:04:47 0.31 47500 OTO
10:02:29 0.305 2500 OTO
10:01:48 0.30 3333 OTO
10:01:48 0.30 5000 OTO
09:59:20 0.31 600 OTO
09:58:49 0.309 500 OTO
09:56:49 0.31 15000 OTO
09:53:02 0.31 650 OTO
09:52:41 0.31 1354 OTO
09:49:13 0.31 10000 OTO
09:48:29 0.298 9500 OTO
09:48:27 0.30 2500 OTO
09:46:19 0.30 2500 OTO
09:46:16 0.30 488687 OTO
09:46:15 0.30 3708 OTO
09:46:15 0.30 50000 OTO
09:45:56 0.299 4200 OTO
09:45:54 0.299 10400 OTO
09:45:52 0.299 5200 OTO
09:45:50 0.299 2600 OTO
09:45:48 0.299 2600 OTO
09:45:31 0.2981 1055 OTO
09:45:06 0.298 1500 OTO
09:44:54 0.298 100 OTO
09:44:36 0.298 6000 OTO
09:44:34 0.299 5000 OTO
09:44:23 0.298 9000 OTO
09:44:21 0.299 300 OTO
09:44:14 0.299 2420 OTO
09:44:04 0.299 2500 OTO
09:43:55 0.299 5000 OTO
09:43:53 0.299 5000 OTO
09:43:38 0.299 55080 OTO
09:42:50 0.299 18500 OTO
09:42:50 0.299 870 OTO
09:42:48 0.298 870 OTO
09:42:47 0.299 15450 OTO
09:42:40 0.299 2500 OTO
09:42:35 0.299 1500 OTO
09:42:32 0.2967 2500 OTO
09:42:29 0.299 21000 OTO
09:42:29 0.298 7500 OTO
09:42:28 0.299 7500 OTO
09:42:26 0.298 36630 OTO
09:42:26 0.298 2500 OTO
09:42:16 0.2961 2500 OTO
09:42:08 0.2975 4000 OTO
09:41:50 0.298 100000 OTO
09:41:08 0.298 47500 OTO
09:41:08 0.298 2500 OTO
09:41:05 0.298 1970 OTO
09:40:29 0.2975 5000 OTO
09:39:55 0.2975 725 OTO
Couch.... regarding time/sales. It was an very aggressive push but they are struggling to sustain it. Big buys coming in to eat up 0.29s to 0.30
ELTP time and sales - interesting hour from 11:30 to 12:30
Short attack or general market play??
Ramped up volume on a push down.... scare tactic or taking out stop loss??
ELTP time and sales.... interesting!
Time Price Volume Market
12:29:50 0.296 12500 OTO
12:29:50 0.296 10000 OTO
12:29:41 0.30 45000 OTO
12:29:38 0.30 700 OTO
12:29:34 0.297 2500 OTO
12:29:29 0.297 2500 OTO
12:27:16 0.296 2500 OTO
12:25:53 0.296 2500 OTO
12:25:17 0.2971 10000 OTO
12:24:26 0.30 44800 OTO
12:22:58 0.2971 100 OTO
12:22:58 0.2971 2500 OTO
12:22:54 0.2971 500 OTO
12:22:40 0.297 2600 OTO
12:21:52 0.297 1827 OTO
12:21:46 0.297 5000 OTO
12:21:38 0.30 10000 OTO
12:21:35 0.3002 2500 OTO
12:21:35 0.3002 2500 OTO
12:20:05 0.3002 6277 OTO
12:20:00 0.3021 2500 OTO
12:18:13 0.3002 7000 OTO
12:15:24 0.3002 2000 OTO
12:11:24 0.3049 42500 OTO
12:11:13 0.302 2500 OTO
12:08:52 0.302 2500 OTO
12:07:53 0.302 1500 OTO
12:06:22 0.2978 2500 OTO
12:06:01 0.2978 2500 OTO
12:02:48 0.2978 175 OTO
11:52:13 0.297 2500 OTO
11:51:57 0.297 2500 OTO
11:51:55 0.297 7500 OTO
11:51:47 0.2968 2500 OTO
11:48:19 0.296 2500 OTO
11:48:16 0.296 2500 OTO
11:46:53 0.296 10000 OTO
11:46:35 0.296 10000 OTO
11:44:20 0.297 2500 OTO
11:43:57 0.2999 150000 OTO
11:43:47 0.30 20000 OTO
11:43:47 0.30 21988 OTO
11:43:42 0.30 10000 OTO
11:43:42 0.30 28012 OTO
11:43:38 0.30 660 OTO
11:43:38 0.30 81500 OTO
11:43:33 0.30 10000 OTO
11:43:33 0.30 10000 OTO
11:43:26 0.3001 2500 OTO
11:41:48 0.3006 10000 OTO
11:41:03 0.3001 3000 OTO
11:41:02 0.3001 3000 OTO
11:40:17 0.3001 9000 OTO
11:38:54 0.3001 2500 OTO
11:38:50 0.3001 2500 OTO
11:38:48 0.301 9100 OTO
11:38:42 0.305 2500 OTO
11:38:32 0.305 200000 OTO
11:38:32 0.305 2500 OTO
11:38:24 0.3051 300 OTO
11:36:27 0.305 2500 OTO
11:33:59 0.308 2500 OTO
11:32:59 0.308 2500 OTO
11:32:56 0.309 48 OTO
11:32:45 0.309 31000 OTO
11:30:39 0.31 2500 OTO
11:27:39 0.3105 2000 OTO
11:25:24 0.31 8000 OTO
11:18:58 0.31 10000 OTO
11:08:19 0.31 8487 OTO
11:03:46 0.315 7000 OTO
11:00:53 0.31 500 OTO
10:44:46 0.31 2500 OTO
10:44:36 0.31 500 OTO
10:44:36 0.31 2500 OTO
10:39:41 0.315 2500 OTO
10:34:25 0.315 50000 OTO
10:16:31 0.3145 8000 OTO
10:12:18 0.3139 90 OTO
10:12:14 0.315 1115 OTO
10:12:12 0.314 1000 OTO
10:12:09 0.3139 2500 OTO
10:12:02 0.3139 16800 OTO
10:11:40 0.3138 1600 OTO
10:11:23 0.3139 2500 OTO
10:03:55 0.3139 500 OTO
10:03:31 0.311 10000 OTO
10:03:24 0.311 25000 OTO
10:02:42 0.31 1000 OTO
09:57:02 0.311 4000 OTO
09:56:55 0.3139 3150 OTO
09:56:04 0.311 6000 OTO
09:52:26 0.31 6100 OTO
09:51:58 0.31 18500 OTO
09:51:44 0.31 17 OTO
09:51:39 0.3095 2500 OTO
ELTP earnings PR tomorrow after close.
Based on past QTR report PRs and dates I am thinking the PR will be tomorrow after close announcing conference call and release of 10Q then there will be the PR for 10Q submitted/available on Monday after close with CC following on Tuesday!
Exciting TIMES!!!!!!!!
IPCI presentations can be found at intellipharmaceutics.com/events.cfm
Elite is in the January 13th and 20th presentations.
Good find doog.
Some big trades coming in!
Volume really picked up in the past couple of hours.
Seeing trades of over 100K shares. Somebody is loading up!
Massive SHORT positions in ELTP!
Many thought that ELTP would just collapse and cease to exist so there is still a massive naked short position out there. Some are trying to talk ELTP down and scare off investors in hopes of never having to cover. Maybe it explains the huge shorting we see on some days. Some may have shorted all the way down to the $0.07 range and would lose a fortune to cover in the $0.30s/$0.40s.
ELTP is getting stronger, One ELI NDA acceptance and approval in the near future with more lining up. They are executing and growing.
I expect we will see the wild swings and drive down attacks for a few more months but after APPROVAL of ELI-200 there will be no recoverery for the shorts.
I rode the same crazy ride on another stock not too long ago and held my shares tight for a major profit. ELTP is my next major SUCESS!!!!!!!!
It is BUSINESS sense! Any professional watching ELTP would be furious if they threw away $2.3 million! Anyone would be furious if a company was so fiscally irresponsible!
Great job ELTP! More money for ELI-201/202 and other pipeline drugs! Watch for news of other products now that NDA for ELI-200 is submitted!!!!!!!!
Thanks for the welcome Couch and Gman.
Couch, agreed, above my paygrade or counsel authority.
It would appear from review of the 2 patents that the difference is in the non-isolation (Purdue) to isolation (Elite) of naltrexone. This could be the significant difference that works in Elite's favor.
Thanks again, I have followed your writing and appreciate your expert DD.