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Things looking good here
Wow, that PR from Regal was unbelievable. That was a total game changer here. Anyone who cannot see that isn't looking hard enough. Think about this, agreement with TCF, agreement with Seaworld, exclusive agreement with Regal. Wow, quite a lot of cold, hard facts for a penny stock. I have a feeling this won't be a penny stock forever.
Another promise delivered. Taking longer than all anticipated, but TDGI is on the right track. Let's see some volume come back to TDGI and start heading towards proper valuation!
TDGI cannot be stopped. It's been manipulated, yet EP and FS shake it off and keep delivering. I suspect we'll hit the .03s when *whoever* is putting up roadblocks at every 100th of a penny removes them. Wouldn't know who that is, would you?
As always, you're spot on Chris. HH is making some cash and is trading BELOW book value.
Bottom may be back in at .001?
No doubt, the stats for Datpiff are trending. I can't believe IDLM sits this low. It's only a matter of time!
I guess that makes sense, thanks. Weird that EIGH started trading north of 100k shares a day recently. I don't follow this drama anymore, but was curious when I saw the volume "spike"...
Question???
What is your explanation for the recent volume on EIGH?
Now that's called putting your money where your mouth is. And I like how they state they won't do it until AFTER the audit is filed for complete transparency. Classy!
And boy oh boy is that some attorney letter! That sucker is one thorough attorney letter. This ought to get the wheels in motion for TDGI.
Nice attorney letter posted to OTC. Things are coming to fruition. This is a gem of a pink sheet company!
Not much news on SEGI, but there is pent up demand for the stock. When the news hits - and it will, this one is gonna be a strong one.
Dogfish is the only beer I enjoy anymore. I met the owner, and he's such a dynamic visionary in the microbrew industry. I hope he takes them public some day, I'd buy stock in that company in a heartbeat. One of my favorites is Midas Touch. Of course, they're all delicious!
Can you say un-der-valued? IDLM has an unbelievable share structure. Datpiff is the future.
SEGI looks like it's setting up for a nice move. One day volume will come out of nowhere, and BAM! it's on.
Here is why Elite sits where it's at
Here is the reason why Elite sits at the PPS it is at. Many years ago when Elite was trading well north of $1.00, they were able to secure financing easily on Wall Street. On one of the last tranches of financing they were receiving, the bio tech market collapsed and the folks who had just received preferreds from Elite took a major bloodbath on their investment in Elite. How is that relevant today you ask? Well, Wall Street is a tight nit group. Despite what you may think, if someone gets burned on financing on a deal, word travels fast on the Street. In essence, Elite has been punished for what could be considered not a company specific problem but rather an industry specific problem. The poor folks who lost millions on their investment in Elite literally within days of putting up the money have in essence "black balled" Elite. Elite quickly fell out of favor of investors on Wall Street. That is what is and has been playing out. All the short attacks, all the bashing I believe stem from one investment firm getting badly burned on an investment several years ago. When Dianne explained to me why Elite sits where it is at today, I understood why there are the dregs of the market punishing Elite for their past. But we are and have been at a major turning point for Elite. When Epic stepped up and saved Elite from BK, that changed everything. Now the dregs who have been punishing Elite are trying to unwind their positions, hence the major volatility and seemingly endless bashing and shorting. Notice how it has intensified over the past several months as Elite has picked up steam? I expect that once concrete news of another drug or two or the patent come out, we will see these dregs exit Elite once and for all and new money will step in and take Elite back to old levels and higher. I encourage you all to contact Dianne at IR and have her explain to you exactly what went down with the very last investors who put money up for Elite several years ago. Then you will understand why we are currently where we are PPS wise, but more importantly where we are heading very, very soon. Wall Street is known for its games, and we are just players riding the coattails of big money in this market.
And this is EXACTLY why I am a heavy investor in ELTP. I found this stock by accident several months ago, and after all the DD I've done I've come to a very similar conclusion as you. Thanks for taking the time to write such a complete assessment of where ELTP is at. Any mods should 100% sticky this post.
This is healthy movement. Nothing goes straight up. Trend is looking great. Buying pressure is fantastic. This is how you want to see a stock move.
Paul, that is the best summation and probability I've seen yet on the situation ELTP is in. It makes sense that the preferreds would be shorting due to the fact that they have 10 million shares coming to them each quarter. Sucks in the short term for us as it puts an artificial cap on the stock. Wonder if Treppel and company have plans in the works to deal with this. So if I have this right from your post, in effect ELTP is being diluted apporximately 3.3 million shares per month?
I'm a value, long term investor and can see through the short term problems here. In fact, in a way I'm grateful for the opportunity to continue to accumulate a rather large position at these levels. What will trump everything is the oxy approval. Do we have any expectations on when we may hear a yea or nay on that this year?
Again, thanks for laying out such a detailed message. I appreciate the effort!
DF
can you explain why the preferred holders would short the stock?
Question, without having to dig through a bunch of info, what's the status of oxy? STill phase III or is there an ANDA?
Good point. Share structure with VVUS isn't too different (ELTP has about 25 million more shares), but they're trading very disproportionately. I guess Qnexa and diet drugs are more sexy than the generics. But folks, we're talking about Elite selling oxycodone. ELI-154 and ELI-216 will be major, major products for this company. I have zero doubts that Elite will get these two drugs to market and will be getting partnerships with milestone payments and/or royalties or else Elite will be snatched up at a premium. This is a company where you can park some money, and one day you wake up to an FDA approval and a major gap up. Happens more than one might think. I really, really like my chances here with Elite.
Also, no worries here. I've been accumulating ELTP for about 2.5 months, and I'm not done yet. I have a dollar figure that I have allocated for ELTP, and I'm about halfway done accumulating. I like to accumulate a large position over a period of time to allow for the hiccups that occur like the freak out panic sell off that came a short time ago. I was able to get a ton of bang for my buck then! ELTP is a gem, and this is going to make a lot of people a lot of money. I will be one of them.
Best to everyone!
I am still adding at this point. The last week has been a gift for me. I believe the break out is coming. I want to be ready!
That's exactly what I thought. That sucks... Only have $500 worth, but still sucks!
Anyone know exactly what this means? Just got this notice from Etrade this morning:
hope you were able to get in to ELTP. Monday the 14th got the ball rolling, and we've never looked back. best of luck to you my friend. ELTP cannot be stopped.
Just doing some quick looking, and CHDN is an institutional market maker. Looks like we may be fighting CHDN all day long. Every uptick they're there. Wonder who they are and what they're doing.
http://www.chardancm.com/investors/institutional-trading
No worries, my friend, no bone tossed in my wheels. I do what I do with or without your blessing. Thanks just the same, and best of luck to you.
Yep, this isn't one of those stocks I'd flip. My DD shows that with a 5 million market cap, we've got a ton of upside potential. I fully expect this one to come alive at some unknown point in the not too distant future. Monday ought to get the ball rolling in the right direction!
All in good time. These picks run at bizarre times. I've added over 150,000 in the last week. Silently accumulating, waiting for the fireworks to come. Thanks for the great DD.
gonna put you on ignore
Love your name...
Great post osprey. It's true, when a stock is boxed in by a short position, it becomes a waiting game. Shorts are betting there will be fatigue and attrition. And there always is. We are running up to a binary event that will have an effect on the PPS in short order. If earnings are as decent as many believe, there will be volume that will in effect cause shorts to start covering as we move up.
I've taken a sizable position in ELTP based on the DD I've personally done. I'm very, very patient and will wait this out. I'm a lurker who reads the board daily, but I have no need to chime in as I know this situation will work itself out. Thanks to you and the few others who put forward readable information!
So what's your point? All you're doing is speculating which is useless. TDGI does NOT need to be fully reporting, does NOT need to file anything with the SEC. When will you get that through your head? You need to have more on your agenda than that. TDGI is not one dimensional, and neither should the topic of your posts!
The chart is telling the whole story. We are due for a technical move, and the fundamentals will push this even further.
That's why so many investors down in the wild west here lose money, they throw money into garbage like that. Now, some folks are skilled at scalping and riding the momentum and making a buck. But for every one of them there's at least 100 suckers that lose money. It's really kinda sad actually, it's almost like a legal form of stealing.
But with TDGI, it's basically effortless. I guess you don't get the "rush" on TDGI like you do with that POS. But you don't lose money here either and won't be diluted into the ground. Can't wait for the buzz saw:)