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Funny that it isn't recently documented. Hmmmm...
The FDA CAN stop Elite. They alone give the red or green light. The pharma buck stops with them.
PE of 20 is actually more realistic - assuming approval is granted.
$2.10 is super close to the $38/PPS assumption. LOL!!
Rising? Stock is dropping this morning.
Review of application is July 14th. Approval isn't imminent.
If those assumptions were true all phase III candidates would get approval. Nothing is ever certain with the FDA, an organization known for it's sketchy past of bribery and scandals. The previous director, Hamburg, was recently in the news again. Nothing is certain with the FDA. Nothing.
I distinctly recall the one right after the Novell payment as he was speaking theoretically to appease the retail shareholder. Offhand, I didn't recall any other such comment being made from any of the other recent calls. I just checked the transcript of the 2 most recent calls and couldn't find anything. Could have missed it and wouldn't be the first time I'd have to eat my shorts.
I would consider "successful" as FDA approved. Anything more is premature and jumping the gun. Not quite there...yet.
Way too big of a risk to buyback shares now. It is a pure gamble. If FDA says they need another trial or more data and they already buyback shares they are caught being short on cash. No company would take that risk. Buyback could occur if they become flush with cash after trial/phase investments & HAL studies are funded first. Unrealistic otherwise.
But there's a blackout period for anyone with inside knowledge from buting/selling? LOL
Except for Jerry Treppel selling?
Agreed. Was just going to post about loving the dialogue here. One thought that has come to mind is the 15% profit split w/ Epic. I am not certain I have the trust of this organization as I had with Epic as it isn't a US based organization and financial regulation is less than stringent in some parts of the world.
Munis offer favorable tax treatment. I used to manage corp investments at a large company. We used a broker to discuss various muni opportunities and to execute the trade after we got rid of Bloomberg station. I'd suggest using a full brokerage like Schwab for something like this. Need to be careful on some munis though as you need to know what you are buying (utilities vs golf course)
Yes, you are correct that there is never 100% certainty with the FDA, but laying low and raising no awareness is plain incompetent. Great R&D & testing execution with no pre-emptive marketing strategy.
Here's an analogy that comes to mind since it's tax season. Would a tax company only start advertising for their tax services at the end of January when most individuals are going to receive all their documentation? Of course not. They advertise well in advance to raise awareness of their product/services to prepare for the upcoming tax season.
Here's another - would an NFL team wait until the first game of the season to start looking for a QB?
I don't agree with the silence either. I am of the position that they would want to raise awareness so when FDA gives decision (assuming approval) that people are breaking down their door for SequestOx. Their lack of outreach and marketing to me raises a red flag. I don't understand their lack of effort on this front.
CEO doesn't control the day-to-day or even month-to-month volatility in the exchanges, especially the OTC. I'm thrilled that the company is on the trajectory to get off the OTC. I don't think it will be long, but the continued trajectory rests solely on the FDA's acceptance of SequestOx. Only a few months left (more or less) for the answer that we've all been waiting for.
Great response. Love it.
Thanks for sharing. Wasn't aware of that. LOL
Apparently was a hot topic for others as well. Not nearly as frequent in volume as how much positive phase III is mentioned.
Nothing is certain with the FDA. Nothing.
Lol. Recently retired chairman with same exact knowledge. Doesn't change a thing.
I am surprised no one mentioned this, but the fact that he is back in the financial services sector may be forcing him to share a certain amount of his ELTP ownership to bring it down a bit. Depends on the firm's holdings.
That would be wildly fantastic if he was to reassure holders and provide a glimpse into the future. I doubt he will though now that this is in FDA's hands. He won't want to rock the boat.
So what you are implying here us that the chairman went on a hunch that Elite shares would not be appreciating. Interesting.
3 8-k's over last month showing chairman is dumping shares. Elite has too much at stake to communicate if JT was really pushed out. Of course they are going to paint the picture as rosy as possible. Then chairman sells shares shortly thereafter. Hmmmm
Agree 100%. Is there a critical flaw in the tech that would be exposed if they did go more public? Doesn't make logical sense why mgmt is sitting on their laurels.
Good thought, but the fact is he keeps selling. People on this board thought he was done selling a month ago. Surprise!
Basic economics tells you otherwise. If FDA were to approve SequestOx im July, the value of the shares he did sell would be worth multiple factors more. He could have easily paid off the mortgage; however, he took zero risk with the FDA. If SequestOx is such a slam dunk explain losing out on millions in a few short months. Vote of no confidence to the company. Pure and simple.
Nothing is ever a slam dunk approval with FDA. ELTP could be next TTNP. They had priority review & got rejected. Pushed them back over 2 years. Proceed with caution.
Like the variable when the chairman keeps dumping shares?
Now let's put 2 & 2 together:
Jerry sells shares & 8-k needs to be filed.
Jerry buys shares - where is 8-k? No shares are being accumulated.
Completely fishy. Jerry only wants to become wealthier, just like the rest of us, whether for us personally or posterity. Jerry bailed to protect what he already had. He is saying "a bird on the hand is worth two in the bush". He hust gave a vote of no confidence to ELTP. He just proved it.
Wrong. He is actually losing money if he really is paying cash for a home. This is the same basic principle why businesses borrow vs paying cash. The financial return is much greater than the cost to borrow. What this signals in basic economics is that JT is personally thinking his return over the next few months is LESS THAN 4%. Mortgage rates aren't even that high.
Here we have people saying $3-$5?! If JT is such a good businessman please explain how this action defies all logic? In fact, it destroys all hope of a near term increase in PPS. You follow the money. Nasrat imvested a few years back, but that is old news. JT just sold a ton of shares on much more recent knowledge. Makes no sense whatsoever.
That makes very little financial sense, if any, at all. The cost to borrow is so incredibly low - almost at historic lows and the chairman sells out loads of the stock?! He has more insight into the company than anyone else and he is selling now just a few months before the FDA approval? I would guess there is something else going on. Way too fishy.
Because it is.
Interactive Brokers is one that allows it.
LOL Nice try. I wouldn't put my money on a paid advertisement. Below is the disclaimer on their recent "news". ELTP's target audience blows OPNT out of the water.
Legal Disclaimer: This research note has been prepared by One Equity Research LLC ("One Equity") on behalf of Opiant ("Opiant" or the "Company") as part of research coverage services. As of the date of this report we have received one hundred and fifty thousand dollars and seventeen thousand restricted shares of Opiant for our services beginning in February 2015. We expect to receive ten thousand dollars per month and up to an additional thirty three thousand restricted shares over the course of our coverage, however, our agreement is subject to termination at the discretion of the Company. One Equity intends to sell its shares in the Company as soon as it is legally permissible to do so.
You can go to the SEC Edgar filing search under the company and in the filing form filter use "CT Order". I believe there are 9 CTOs or so . Only a couple have expired. Several will still last for several more years.
If I remember correctly, at least one of the CTOs that expired in December was about the Mikah agreement and was in regards to royalties that Nasrat would probably receive on the drugs that Elite purchased from Mikah.
Hope that helps.
Confidential Treatment - as in information that is witheld from the public for a time.