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Guys just remember.. i have seen a stock do a massive R/S of 2000 to 1 just to make them have controlling interest in the company since they owned ALMOST enough, they did this to complete the ownership in my opinion.. then they would merge in a private european subsidiary i'll bet.. then do a forward split 2000 to 1 to get everyone back to the same shares.. but this time they took controlling interest and merged in their partner/subsidiary and its at a much bigger price :).
THESE ARE MY OPINIONS BASED ON THE RESEARCH INTO TAKEDOWN I HAVE DONE AND THE PAST EXPERIENCES OF STOCKS REVERSE SPLITTING AND THEN FORWARD SPLITTING IN ORDER TO FINISH CONTROLLING INTEREST IN THE COMPANY FASTER AND BE PUT UP ON THE BIG MARKET FASTER THEN GET BACK DOWN TO OLD AMOUNT OF SHARES BUT THIS TIME THE STOCK PRICE IS STILL BIG ENOUGH TO STAY ON THE BIG MARKET.
You guys do remember that once we got the FDA Approval for the patent a milestone happens and slightly dilutes the stock giving a few more million shares to Epic so they can finally finish their acquisition soon right?
I mean cmon.. yes most are selling on news.. its also a possibility a milestone like they have in their filings happened.. so many possibilities.. and yet.. the future is so certain ;)!
Long Strong Elite! ;)
I read Epic Pharma makes 400million revenue a year ;) thats MY best estimate i've found! WOot!
Jerry Treppel is not a Series D Holder.. that was the Midnight Investments or something like that. Not Jerry! lol
Lol trust me they won't buy us out for $.15 lol
Thats just to make the preferred share holders feel like they are treated fairly with their shares bought along time ago being converted to the nowadays price.. meaning when it shoots back up to 1.27 they will make 10 times the $.15 instead of making their money back from what they bought along time ago at 1.27 :).
Unless they have "CONFIDENTIAL" checked off on their preliminary then they are just sending information to SEC until 10 days is up then they file Definitive to let us know what they were planning.
This is what i looked up.. from my memory i could be wrong.
Hey guys just wanted to give you an update on something new we found for those that don't read Yahoo. :)
http://messages.finance.yahoo.com/Stocks_%28A_to_Z%29/Stocks_E/threadview?m=te&bn=99215&tid=88743&mid=88743&tof=1&frt=1#88743
LONG STRONG ELITE!
You are correct.. although remember.. there are Joint Ventures where one company buys have of the other company and works together... or there are Joint Ventures with buyout proposals written into the agreement so that once they have half board majority and more than half the shares they will initiate the buyout. Thats these guys ;)! lol
FIRST HINT OF JOINT VENTURE BETWEEN EPIC & ELITE
Just wanted to let you guys know what i found, already told the Yahoo board. Let me know if you have anything to add that i didn't or did wrong :) thanks!
Joint Venture Agreement-STRATEGIC ALLIANCE AGREEMENT
Parties: Elite Pharmaceuticals, Inc | Epic Investments, LLC | Epic Pharma, LLC
Law Firm: Wolff Samson
Document Date: 3/23/2009
Industry: Biotechnology and Drugs
Sector: Healthcare
Lol i found the "8K" referenced on a website like this ;) a Joint Venture!!
LONG STRONG ELITE!!
http://agreements.realdealdocs.com/Strategic-Alliance-Agreement/
http://agreements.realdealdocs.com/Strategic-Alliance-Agreement/Joint-Venture-Agreement-STRATEGIC-ALLIAN-2332252/
Its funny because i've been in and out of mergers and reverse mergers all year.. and this came up to me.
Two or Three Manager/Directors who used to work for Pfizer and worked on Mergers for Pfizers.. In May 2009 they started getting paid by their PARTNER to be ACTING everything until the merger is complete. Since they have audited financials from May 31 2009 through May 31 2011 I expect very soon we'll be seeing a merger happen.
Think about it ;)
Sorry here is Mikah's link:
Mikah Here!
And heres the ELITE Link:
Elite Here!
My bad i forgot the piece de resistance ;)!
Mikah Pharma also has a M&A Report out ;)!
http://www.alacrastore.com/storecontent/...
Hmmm.. both reports done on May 1, 2011. Both reports say they have growth strategies through the organic and inorganic activities undertaken since 2007.
Lastly :) This!
Page 15
... ### shares of it s common stock to Mikah on June ##, ####...
... licensed product and is not to be photocopied Mikah Pharma Mergers...
... US. This information included according to the ##-K of Elite...
... begin immediately and Elite expects to begin manufacture of the product... ... Pharmaceuticals, Inc. Company type Public Stock exchange AMEX(American Stock Exchange) Ticker symbol ELI Business...
Page 16
... licensed product and is not to be photocopied Mikah Pharma Mergers...
Page 17
... licensed product and is not to be photocopied Mikah Pharma Mergers...
... ##,### Deals are added to the database · The database contains...
... of the key information required to understand a deal comprehensively; detailed... ... deal rationale, and information related to business operations in addition to basic fields; Value addition through... ... banks, and industry experts. · Want to know more? Should you have...
Page 18
... licensed product and is not to be photocopied Mikah Pharma Mergers...
... two or more companies combine to form one company. An amalgamation...
... the transferor company who agree to become equity shareholders of the...
... the transferor company is intended to be carried on, after the...
... company. · No adjustment is intended to be made to the book values of the... ... of the transferee company except to ensure uniformity of accounting policies...
Guys, on both M&A Reports it shows Elite giving Common stock to Mikah and merging to be one company. Hmm ;) all on the same date on both reports.. June ##, ####. Yet again.. June 30,2011 i'll bet when Mikah's CT ORder comes off and the conference call is reported!! :D:D
ALSO :)
Sorry :) its just the last coincidental piece added to make the puzzle so clear! ;)
So "coincidental" that we are gonna do a share exchange with Mikah on June ##, 2011
So "coincidental" that we are gonna get our 2 year anniversary audit/earnings report on/or about on that date which concludes Reverse Merger necessities.
So "coincidental" that after all this Mikah info.. they are making a Mikah CT Order go public on the same day as the conference call and after the above mentioned ;)!
IM HAVING FUN!! :D
Okay.. so i realized i didn't want to pay the $295 to get the "Mergers & Acquisitions" report for Elite Pharma brought out on May 1, 2011.
So, since i happen to love sharing information with you guys :) try going to this website and searching under the report for "common stock to Mikah" and notice what i found :).
http://www.alacrastore.com/storecontent/Datamonitor_M ergers_and_Acquisitions-Elite_Pharmaceuticals_Inc_Merge rs_Acquisitions_M_A_Partnerships_Alliances_and_Investme nt_Report-2052-53123
Oh, and remember if you look at an example of a M&A report then you know between Pages 10+ are Merger info.
ENJOY :)
Page 18
"... ### shares of it s common stock to Mikah on June ##, ####. Elite...
... licensed product and is not to be photocopied Elite Pharmaceuticals Mergers... ... acquires ANDA for Hydromorphone from Mikah Pharma Deal in brief Update... ... hydrochloride # mg tablets from Mikah Pharma, LLC, for aggregate consideration... ... oral controlled release products, while Mikah Pharma is a pharmaceutical company... ... US. This information included according to the ##-K of Elite... ... hydrochloride # mg tablets from Mikah Pharma. Hydromorphone hydrochloride is a... ... begin immediately and Elite expects to begin manufacture of the product... ... Elite Pharmaceuticals, Inc. Partner # Mikah Pharma, LLC Deal status Announced... ... Company information: Partners Partner #: Mikah Pharma, LLC Company type Private... "
Now pay attention this is the best part :) based off of the first sentence of the info i found it would seem that we are going to be giving shares of common stock to Mikah Pharma on a date like this one: June ##, ####.
Hmmm the report was made May 1, 2011.. i'll bet that date is supposed to be June 30, 2011 when the Mikah-related CT ORDER becomes public ;)!
INTERESTING.. YET LONG STRONG AND ELITE! :) MUST READ!
Wanna know what i think ;)?
They first posted Earnings July 5-7th so they had extra time to do their due diligance! ;)
They then said they would post earnings on June 30th, which if you remember they finalized an agreement on June 30, 2009, and they also have a Confidential Treatment Order becoming public June 30th. Hmmm... ;)
Now, we have heard they may have changed it to possibly June 29th?
Wanna know what i think ;)?
I think they are hoping to bring the earnings report out June 29th, so they can then announce the merger June 30th when the CONFIDENTIAL ORDER becomes public!! Which if you remember all the reverse merger needs is two years of earnings/audits which is fulfilled when the new earnings report comes out soon ;)!
JUST MY TWO CENTS :)
«LONG AND STRONG ;) THE ELITE!!» ELTP.OB
Fine Print lol: Oh and in case anyone reads the YAHOO Forums which i frequently post in or read as well as this one, then my name on there is "AldwynFox86" :)!
I mean, cmon! lol
Reverse Mergers always end with being approved to a new bigger market like NASDAQ.
Do you remember what Elite said? We will be getting on the NASDAQ soon.. they need atleast $1-$4/share to uplist right?
Means somehow ELITE is gonna get up to $4 almost to uplist on NASDAQ by end of year. How is that possible without a merger? Well its difficult lol but can be done. Either way ;) were looking good folks!
This is a guess, purely speculation, but since they already have $22 Million or more annual revenue, and were looking at atleast 50million annual near term ATLEAST, i think nearterm merge outlook would be near $10.00 buyout, atleast $5-$10 i think. JUST MY OPINION
Ahhh :) you posted my DD :) Thanks bro! lol
I see a Reverse Split showing 1.00 under quantity for ENTI on my fidelity account... hmm.