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I agree 100%
Nobody knows about this company. It needs publicity outside of the financial pages. They need a good story on a news show. Otherwise they are just another generic company in NJ with some plans that no one knows about...
We know better, but John Q Public needs to know
I got 5000 of those shares in one trade yesterday, so it must have been two trades of 5000 each! I had a 2 mil bid in @ 8, hoping for some cheapies and I laughed when I saw the 5000 trade. I guess even with the commission, I will still make lunch money when this explodes! I am not sure who is making the actual transactions, but it sure seems strange to me.
A deal of some type is taking place, in my opinion, and they are asked to keep quiet until it resolved. If it falls thru, then we will get some fluff PR about how great the event was etc etc. If the deal goes thru, then we will see a real PR.
Again IMO, beware of the fluff PR, it means nothing happened to advance the deals and we are still drifting along.
GLTA
If this hits 65 I am going to sell everything else and mortgage the farm to buy it!!!!! This is a no brainer get-rich, eventually stock!!
I dumped most of my shares at the end of day. I did not think it would get up there. I hope I did not miss the rest of the ride. But I did make some serious money, best of luck and good wishes to you all. Lol, I do hope it dips, I am not leaving this money maker.
GLTA!
With all due respect to a lot of people here, I don't get the impression from JT that he is concerned at this time about the share price, or even thinking one iota about it. From everything I hear at the conference calls, he is focused on developing the business in an orderly fashion, and completing the process step by step. Also, they dont give the vibe that they are pushing all the products at once. They concentrate on a couple at a time, but of course they still nurture and develop their additional offerings.
I bet you that JT is of the mindset, that when the business grows, so too will the share price. He is not buying or selling, so what does he care in these 'salad' days? He/they are however, working to make this company strong over the long term. Look at Perrigo, sure and steady growth from a small player, now they are becoming a behemoth. I think Elite will do the same thing. So as they grow, so too will my 401k, and when I retire, I will send JT an invite to play golf!! I am long and strong, but I am doing a little wheeling and dealing on the side, ;). This is a good trading stock too.
JMHO GLTA
Elite Pharmaceuticals Announces FDA Approval of Supplemental Application for Naltrexone
GlobeNewswire
NORTHVALE, N.J., Feb. 6, 2013 (GLOBE NEWSWIRE) -- Elite Pharmaceuticals, Inc. ("Elite") (OTCBB:ELTP) announced today that on January 31, 2012, the U.S. Food and Drug Administration approved the Company's supplemental application for the manufacturing and packaging of naltrexone hydrochloride 50 mg tablets. This approval will allow the Company to commence the commercial manufacturing and packaging of this product for its sales and marketing partner, which will distribute the product as part of a multi-product distribution agreement.
Naltrexone is an opioid receptor antagonist used primarily in the management of alcohol dependence and opioid addiction.For the twelve months ending December 31, 2012, Revia and its generic equivalents had total U.S. sales of approximately $16 million according to IMS Health Data.
I am finding it 'reasonably' easy to buy and sell thru my Fidelity IRA. I have had sales ABOVE my ask!!! I'm not complaining there! Lol!
I sold 500000 today some went for 7 & some went for 65. I had them all in for 65, so I was paid over my ask. Someone must really want them!. I still hold a lot, these were just flipping share I had for mad money.
GLTA!!
Will do. I have an order in 300,000 @ .0041. This thing is like two ships in the night. Flipping is possible, but real sporadic. But keep a core, this thing is a lottery ticket!
Wow, sold earlier at 65 and was going to have weekend "mad" money. Now it looks like I am going to skip the fun, and buy back at 4 or 41. Anything to make back some of my earlier losses......
GLTA
When this rockets, folks are going to be asking me about that strange name on the back of my boat... What does "KMAG" mean?
I will smile, and say, "gather 'round while I tell you a story of a cinderella company who figured out how to make a tag that....." and that folks is how it is going to go down, real soon!!
KMAG!! Liam00
Well your buying some of mine then. I am in profit taking mode from some of the 2's I bought. But I still have a big core position!
GLTA!!
I truly feel that if Elite became more publically known, outside of the investment community, then you would see more interest. The pipeline for the abuse resistant drugs has the potential to be groundbreaking. It IS in fact groundbreaking, but until we get a shout out on the 6 o'clock news, or 60 minute etc, then we will just ave to bide our time in a more slow but sure fashion. I have been 'micro' trading this for a while, to some decent success, but I am holding a large core position for the boom.
This is just IMHO. GLTA Go ELTP!
I've been long with Elite for about 2 years now, but these past few days it has been hard to resist the flip potential of these cheapies. IMO, I have never seen such a lucrative flip (or long if you are a newbie). Nothing is guaranteed. I like to play the low/no dept pinkies when they have some trouble, and play for percentages that I can skim off. This is one of them, BIG TIME for me!
But do your own DD, we all get burnt from time to time.
Merry Festivus!!
Hmmm, bear raid comming?
NEWS!!! It's gonna be a good day today!
Elite Pharmaceuticals, Inc. Announces Agreement for Supply of PheNORTHVALE, N.J., Dec. 13, 2012 (GLOBE NEWSWIRE) -- Elite Pharmaceuticals, Inc. ("Elite" or the "Company") (ELTP) today announced that Elite has in place an agreement for the next year with the Company's sole supplier of the active pharmaceutical ingredient ("API") for Elite's Phentermine product lines which include Phentermine HCl tablets 37.5 mg. and Phentermine HCl capsules 15 mg. and 30 mg.
A supply limitation was disclosed by Elite on October 15, 2012, but is now resolved for the next year. The purchase orders now in place will allow the Company to obtain adequate amounts of API, although at a substantially higher price than previously paid, to supply both the Phentermine tablet product and the soon to be launched Phentermine capsule products. Elite anticipates that some of the increase in API pricing could be offset with increased manufacturing efficiencies.
About Elite Pharmaceuticals, Inc.
Elite Pharmaceuticals, Inc. develops oral sustained and controlled release products. Elite's strategy includes assisting partner companies in the life cycle management of products to improve off-patent drug products and developing generic versions of controlled release drug products with high barriers to entry. Elite has four commercial products with five additional products under review, pending approval by the FDA. Elite's lead pipeline products include abuse resistant opioids utilizing the Company's patented proprietary technology, and a once-daily opioid. They are sustained release oral formulations of opioids for the treatment of chronic pain, which address two of the limitations of existing oral opioids: the provision of consistent relief of baseline pain levels and deterrence of potential abuse. Elite also has partnered with Mikah Pharma to develop a new product, with Hi-Tech Pharmacal to develop an intermediate for a generic product, and a Hong Kong based company to develop a branded product for the United States market and its territories. Elite operates a GMP and DEA registered facility for research, development, and manufacturing located in Northvale, NJ.
The Elite Pharmaceuticals, Inc. logo is available a http://www.globenewswire.com/newsroom/prs/?pkgid=8737
This news release contains "forward-looking statements" within the meaning of the Private Securities Litigation Reform Act of 1995. Including those related to the effects, if any, on future results, performance or other expectations that may have some correlation to the subject matter of this press release, readers are cautioned that such forward-looking statements involve risks and uncertainties including, without limitation, delays, uncertainties, inability to obtain necessary ingredients and other factors not under the control of Elite not under the control of Elite, which may cause actual results, performance or achievements of Elite to be materially different from the results, performance or other expectations that may be implied by these forward-looking statements These risks and other factors, including, without limitation, the timing or results of pending and future clinical trials, regulatory reviews and approvals by the Food and Drug Administration and other regulatory authorities, intellectual property protections and defenses, and the Company's ability to operate as a going concern, are discussed in Elite's filings with the Securities and Exchange Commission, including its reports on forms 10-K, 10-Q and 8-K. Elite undertakes no obligation to update any forward-looking statements.
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Contact:.
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For Elite Pharmaceuticals, Inc.Dianne Will, Investor Relations, 518-398-6222Dianne@elitepharma.comwww.elitepharma.comntermine Active Ingredient
Wow! Merry Christmas! Now let's see these findings flow to the bottom line.....
Bear Raid???
Step aside and let the buying begin!!!
Is there such a thing as a "Market Order" for a gray stock? I should know, and so should my customer rep. Not the one I spoke to I guess!
Any help would be appreciated.
Thanks,
Disregard. Wrong board!
There are other choices. He/They could give an update to the effect that "While we are working towards getting the matter at hand resolved, KMAG is still working on developing new products, presenting solutions to potential customers etc"
A PR like this can go a long way to showing us there is life, and put our minds somewhat at ease. No communication at all is just plain uneasy, no matter how much I believe in the company.
Socius Deal Done!!!
I have a good feeling today. Don't know why exactly, maybe because of the posting that quoted Jeff as saying no PR's 'till a material event (I forgot who posted it).
That sounds like advice from his lawyer, and I beleive it to be good advice. I do wish he would pop his head up somehow, to ease the tension here.
I am thinking AQUA may be right on the money about buying once it goes to .001. It made that move today, and POP, it made a nice little recovery.
I am thinking I am cautiously optimistic, and I need to just put some of my fellow board members on mute for a while!
Good Luck to all who have a real stake in getting back to the pennies!
Jeff probably screwed something up and his lawyers have advised him to shut up until they get it sorted out first, if they can. IMO, I can only guess that his silence is either that he is truly a crook and is gone, or he cant reveal how bad the paperwork is, until it gets untangled.
I like to believe that he is on the up and up, and made a major technical blunder because he is travelling etc. I have a lot riding on this, so I really have little choice, sell and take a loss, or just ride this thing into the great beyond!
I must say that I usually skim off the profits, put them into the blue chips of the world and keep fishing down here. The timing of the SEC halt was terrible! Lol! Just as we were lighting the candle for a take off, bam it blew up! Those of you who really sold before that event, were just lucky to some extent, because the SEC came in when we never really expected that type of side swipe.
I wish all you fellow longs good luck. I did make some good money on this earlier, but I admit I am down now.
No news at all from Jeff is very disheartening. I have emailed numerous times, and no reply.
We need some legit communication from him or his authorized reps, so we can know this is ok.
All this is IMHO, and I wish you well.
The address posted on Yahoo for KMAG is "162 Guelph Street, Suite 232, Georgetown, ON L7G-5X7" which looks to be a UPS Store. This might mean it is a mailbox? I have not researched it that far yet. I am long on KMAG, because I have a lot invested here. But this really concerns me now.....
Exactly baseball fan. End of month, still a lot of eyeballs waiting for this to turn. The rubber band is tightening, and any news will shoot this 20 to 60%. For a reasonable investment/gamble, today's action says that folks are jockeying for position. IMO, I am ready to reap!
Looks like someone had $20k(+) to spend, gonna get a 4 bagger when this jumps to a penny!!
There is no "SEC winning", it is what it is. The plan is to overcome the objection and follow due process. Anything else will get KMAG in hot water, and may eventually hurt the brand.
Fighting the SEC is rediculous and counter productive.
be patient, and supportive. It will rise soon! KMAG!
Darn, I wish I had some dry powder right now!! IMO this is an incedible deal! I never thought I would see below .10 again, and now it's here? Lol, GLTA who buy. You will be rewarded!
Is there a link to the Chill? I can't find one, and I have searched all day. If there was a chill, you would think it would be easy to find???
Anyone???
No problems with Fidelity. I am buying up these cheapies, as there will be a quick buck to be made on the bounce. I am long here, but this quick profit opportunity is too good to pass by.
Stop worrying, and let the price go back up so I can sell! LOL.
GLTA, this is a good company.
Hang in there folks. This is a great company, with what appear to be real assets. You only lose if you sell. I cant see this going any lower, so it should be all upside. You might even make a little from trading, if you can get the bid/ask to hit!
All IMHO.
Go KMAG!!
My earlier trades went thru Knight??? I did not think they were involved? Anyone have an opinion on this?
I know it wont happen, but now that there seems to be a little stability in the PPS, a PR of encouragement from Jeff of KMAG would certainly relieve the tension. I made some good money today, treating todays trading separate from my current holdings. A little psycological respite from the pain! Lol! The worst is over for today, but now it is drifting, and we need a little gust of wind from Jeff.
GLTA,GO KMAG!
On Fidelity they are not allowing online trades to be accepted yet. Is this something that gets lifted after the open?
I have 2.2 Million shares, that I will probably put a few up for sale in the 5 cent range to ensure I have the remainder in freebies. I am guessing it will be best to ask for amounts of 100,000 shares in each "ask".
I will be buying as much as I can get my hands on below 1 cent, if that is indeed the initial direction. Please "bid" your shares in increments of of 50k or 100k to ensure I can mop up your leavings!
No hidden agenda here, I believe that Monday will be all over the place, guys who bought with money that they really can't afford to lose will flog them off and get what they can, probably with their wives looking over their shoulder! Lol! I dont mean to take advantage of anyones misfortune, I hope all sellers made money, or at least did not lose milk money for the kids etc. But I am buying thru my IRA, and have a little time left before I need it. This is a huge gamble, but one I choose to make but dont recommend it to anyone else.
Good luck to all next week, I do think this will be a good investment overall. But it will be a rough ride if you try to watch the completed trades after they happen!
Go KMAG, GLTA!