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I do not know. I looked over the amount and I was concerned, so now I must research further to find out what percentage, but on the other hand seemingly small percentages now add up over time.
I am here to make money, not watch insiders sell a bunch of stock and profit. I just think there may be a connection with the share structure and the selling. I'm not sure yet. Maybe I will become enlightened by some members on the board.
I am not an analyst, but I am careful.
Thanks for the insight, I'll DD that.
I'm very critical. I focus on healthcare sector, so this is a living and my money on the line, so I like to be critical of every aspect. I'm not a bandwagoner. I respect all opinions, because everyone can provide some type of insight, to research on.
I believe, if managed properly ELTP can move back to a major exchange and trade for a couple of dollars, but it was alarming how management is managing the share structure and the insiders are selling so much.
I'm just being objective. I doing invest with emotions
Merry happy New Year's Eve folks.
Now I understand why this stock is trading for 12 cents and they have not done a reverse split. The insiders are profiting immensely.
The drugs and business is good but the insiders are greedy.
I just looked over the insider transactions and red flags have been raised to me. Not only is the outstanding shares too high but the insider are massively selling stock.
Anyone care to elaborate.
I had to reduce my position based on this information.
I hope my speculation about this is incorrect, but I am being cautious.
It seems to be a cash cow for these insiders.
We're seeing a low volume push downwards. Short sellers possible.
I'm here because I think the company is a long term growth opportunity for me. Though this is a good ground floor opportunity for me, currently I am in satisfied with how Manu outstanding shares there are.
The outstanding shares they have is pitiful. It should be under 50M
Excellent!
People are allowed to post their opinion. Read the rules for the message board.
Intellipharmaceutics created a oxycodone product with an abuse setter ant tech called rexista. They are currently looking for a partner for phone three. They are close. That's why I bought ELTP, for the abuse resistant tech
Waiting until news on the new move next month. This time period is usually a quiet time.
After Christmas. Hahaha
Merry Christmas
Merry Christmas everyone.
Agreed
Can we reach a million traded today? It's possible. There is a setup taking place for a strong surge north.
I'd like to see the reverse split. The will not be in a financial position to do a buy back for years. They have to find operations and r&d, from what I have gathered.
Why did management decide not to go ahead with the r/s? It may be good long term.
They have too many shares outstanding.
Elite should be trading for 3 a 4 dollars. They have approved drugs and a good pipeline. Management needs to reduce the outstanding shares.
Arrayit moves into their new headquarters by January. We should be hearing some news about that.
This quiet time is expected for the holidays.
Selling during quiet time... Okay.
That's was the first time I've seen a Canadian show. It was funny! Thanks.
Nice volume increase recently.
Haha, nice.
Same here, loading up to hold for a few years.
Hopefully he can get the company back to a a major exchange.
That's great. I think they company has a seasoned CEO. Hope you make plenty with your 400k shares.
Same here.
Strange, but here in New York I'm not noticing a mad frenzy like in the past holiday season. It seems more chill.
Started a position and I'm happy with it. Looking at this as a growth investment to hold for a few years.
Jealous
Too bad. I thought this company was going to do well. Glad I never bought any shares and just stayed on the bench.
Good day for IPCI. Maybe we'll see some more buying pressure on speculation of good news before year end. Happy Holidays!
Going to watch this settle downwards and then find a good point to get in.
More funding! Great news MikeCr. More than enough money to expand and bring the diagnostic through studies and FDA application filing