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Great find and thanks for sharing.
Question to the industry heads in the room: Does this move by Lumentum gear them up to compete with us, or make them a more suitable customer for us?
Curious to how some of you guys are reading into it.
Cheers.
#lwlg
Same here along with NVDA. All things chip related are hot right now to state the obvious.
Do you or anyone else think that the Lumentum acquisition of NeoPhotonics has given extra juice to LWLG today? The press release was very bullish on photonics and LWLG is also a great take over target.
Good luck and congrats longs.
#lwlg
Cheers to all the unflappable super longs.
This is your day.
Thank you and congrats.
This was the statement I was referring to below. About being a back stop.
From the Q2 2020 earning call in November.
“Furthermore, I'm the best backup for Elite and the last time when Elite had no shares and they needed to sign a deal with Lincoln Park, they came to me and I forfeited my shares. I cannot do that when these are in a J-series. They have to be in common shares. So this is actually very advantageous to Elite to do so.
https://seekingalpha.com/article/4306260
Good points. Love for Nasarats conversion to take place sooner than later. Correct me if I’m wrong but I believe he said that if he has commons, that puts him in the position to loan them back to Elite in a financing pinch.
Excellent post. Thanks.
I am of the opinion that ELTP will outperform the broader market over the next couple quarters at least. While I’m certainly not hoping for it, I think we will be just fine in an extended bear market into recession even. For all the reasons you mentioned ELTPs fundamentals will continue to improve regardless. We actually have more certainty into ELTPs path forward than the broader economy at this point.
I won’t go as far as to suggest this is a safe haven. No. But the selling now is just people raising cash out of precaution or to take advantage of some discounted blue chips. All understandable. But not connected to ELTPs business reality. Thanks again for breaking that down for us N2K.
Good luck everyone.
$ELTP
No truer statement has graced this board. Lol
ELTP prediction: 7.4M revs.
Going to try and turn away until next week. Good luck everyone.
We’re on the same page with this:
“Don't Need The Money Hold for Great Returns For What Now Appears Many Many Many Years To Come.”
I see an easy 6 quarters of sequential revenue growth with the products we have in the market RIGHT NOW. Add SunGen#5 sales early next year and that will extend the party another 6-8 quarters beyond that.
The revenues on the horizon are from new products. It is ALL additive. So with even the most conservative even pessimistic of market penetration estimates, quarter over quarter growth is almost guaranteed.
If Nas can adeptly manage expectations, this could be an easy stair step north PPS wise.
#ELTP$
Fair enough. But market cap in the billions doesn’t automatically suggest less risk. Billion dollar companies can go out of business too.
Would be happy to check out some of these less risky OTC companies you are talking about too. If they have half the upside of ELTP they are diamonds in the rough just the same.
This was a response to Kayak that is no longer available. But I thought it was an excellent post. OTC investing quite different than Big Board investing. People who do both approach them with different mindsets with different goals too. If not, they will learn pretty quick. So you can’t really compare two companies across that divide from a PPS perspective.
ELTP is not the average OTC company though. It has the best prospects and (now) the least risk of any company I have followed on the OTC in my short 10 years doing so. The risk/reward is a no brainer to me. Many on this board say the same except with far, far more experience.
That said, I still take my cues from Nasrat, and my confidence in his leadership continues to grow.
All just my opinion. No hurries no worries.
#ELTP$2020
Can we make this a sticky please mods? Or the Approval PR.
Far more relevant to today’s ELTP than the “memorable calls” post from 2017.
Cheers
Amen.
Merry freaking Christmas 2019.
I hope you are right! But if not on an initial pop it will get there no doubt.
I think this day marks the beginning of a long continued uptrend in PPS over the next 6-12 months as revenues start hitting the balance sheet and profits start piling up.
Congrats to everyone!
$50-60m per Q? That will be the day! Seems like a distant promise land, but the road map is coming into focus. I am certainly hoping you are right in terms of pace.
Agreed, a buyback would indeed be a great way to address the share count. I just don’t typically associate buybacks with small-cap growth stocks.
Honest question to you and the board - how many R&D micro-cap biotechs roll out a share repurchase plan after hitting their stride? Any examples? Once Nasrat’s shares are converted to common his motivations will be aligned with shareholders. Just not sure of how common that is in this industry.
Follow up... if we are doing $200m plus per year does it even matter that there are a billion shares outstanding?
Cheers
I agree with both of your perspectives.
Profitability and sustained revenue growth are needed before considering a reverse split. Then I’m down regardless of where the PPS sits. Without those two things it would be a wealth destroyer almost certainly.
However, I do also feel like it is an inevitability. Necessary even for the capital structure to pass the sniff test when new investors take a look.
In my opinion we are 1 year out from from reaching those goals while still having room to run to help sell the story during an uplist. Nasrat went with a more conservative 1-2 years. Likely wanting to wait until that second big CNS ANDA is approved late 2020. (plus some wiggle room) I’m cool with that too.
I’ll wait.
Great summation of some of the new news. I applaud the divestiture if indeed he sees bigger better opportunities. The “let’s not get emotionally attached” comment was interesting.
IMO:
Need to get and stay above .10.
Need to approve the share increase.
Need that December approval
Prosperity to follow.
Cheers on the great quarter.
$ELTP
This is exactly correct. Double double triple was in relation to the same quarter. Thanks for posting.
Great post Snup thanks for the perspective.
“really our second cc after company re-positioning herself”
Showing some sustained revenue growth, however modest, couldn’t be more important. Next couple Qs really. All signs (second shift hiring, Lannets earnings beat) suggest that’s happening. With many more shots on goal. Good times ahead.
$ELTP Cheers
Since the bell I have tried to slap the ask for 25k shares 3 times this morning at .0825 .0835 and .084. They keep dancing around it and not filling me.
MMs playing games. I dig the volume though.
$ELTP
The sells are at ELTP’s direction to raise funds when needed I believe.
Just signed up, thanks for the link. I’ve enjoyed your last few articles on ELTP. Just hadn’t signed up. Insider Financial seems to be the only place to find decent, current analysis of ELTP outside of this board. I look forward to poking around your site this weekend to see if there are any other gems.
Cheers.
$ELTP
I agree. Volume seems to be there so far this morning. A little dip. But I don’t think this current run is done yet.
I wouldn’t be surprised if this runs to .20 by early next week. Then consolidates in the low and mid .20s until December time.
Yes my glass is half full.
GLTA ELTP$
And we have lift off. Congrats Longs.
$ELTP
Haha. That’s what money smells like. Some solid analysis you have brought to the board so far. Keep it coming!
Looooooong ELTP
Welcome to the board WealthyBuy! It’s seeing posts like this from new randoms that give me confidence in those .07s I bought early in the week.
Short squeeze could be right around the corner.
Looooong ELTP.
Great post. Thanks for the refresher.
Thanks for the reminder about those PKs we have on the shelf. Those will be a nice bonus when the litigation dust settles. Big congrats on your boy too!
I believe he said double, double, THEN triple.
This makes me sick and explains so much at the same time. Thinking about taking up investigative journalism so I can write the story of Elite. Somebody needs to.
In couldn’t agree more. I would of thought I’d be hearing more chatter about sales, contracts entered, distribution strategies etc. maybe they aren’t there yet?
That said, I do believe selling the shrimp will be the easy part. With oceans being over fished, suspect practices abroad and the difficulty regulating/tracking imports, the trend in the US away from beef to a more sustainable, organic and locally sourced diet. Protein demand for a rapidly growing population.... Coupled with the squeezing effect climate change will have on all of that. I do think SHMP has a perfect storm of growth drivers.
My worry is that I’m too early to the party. And will be sitting around drinking the kool-aid before the entertainment arrives.
Time will tell. Slooooowly growing my position.
Good luck to all.
Agreed. Just skip them if you all up to date. I for one enjoy the regular refreshers. I don’t check in that often. But when I do, I’m looking to read through Proto’s last posts to make sure I didn’t miss anything.
Cheers. GLTA
Interesting. I heard a rumor that Nasrat is currently negotiating a buy out with Teva.
Guess we’ll have to wait and find out which is more accurate.
How about this getting a sticky mods?
Is this sticky relevant? ELTP Has received multiple approvals since this post. Secured a partnership with Glenmark. And if there were accounting issues the SEC would get involved. Which it has not.
Is this sticky from 2017 relevant?
Haha. Closed up 6+% at .1149. Oh the horror! Lol
All great guesses indeed. I’m going with Perc partner and new ANDA both announced before the conference call.
Good luck longs.
This take is spot on. All that is left to do is buy the dips. If you get too over overweight start skimming on the way up. But keep your core intact.
Good luck longs.
I agree with this sentiment completely. This was never about generic Percocet. Or any one approval in particular.
Years ago it was all about Sox, until it wasn’t, and Nasrat laid out his three basket strategy. So this excitement is about moving our pipeline forward, potentially being CFP (no more dilution), and Nasrat’s ability to execute on his strategy.
I’d love to say it is also about hushing the naysayers. But that is unlikely.
So up 30% today or closing red. Doesn’t matter. Day to day price action is irrelevant as N2K eloquently points out on the reg. This news, however, will ultimately swing the trend and momentum back in our favor. And could not be more thrilled. Congrats to all the longs.
Happy freakin 4th everybody!
Good thing there is plenty of news on the horizon. New ANDA filed every quarter. Along with surprise approvals in rapid succession.
The SOx delay not only has allowed me to bring my average down considerably over the last couple years so now just a single approval pop will likely get me into the green. But it also allowed ELTP to stuff the pipeline. The result of which will allow ELTP to hold gains on positive news because there could/will be additional positive releases right around the corner every time.
Tough few years no doubt. But now the reward will be an early retirement. Not just a new car.
Good luck Longs.