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$ROYL
Awesome merger news, great chart, and the stock is still flying under the radar. Big money is loading now.
http://www.nasdaq.com/press-release/royale-energy-signs-letter-of-intent-to-merge-with-matrix-oil-corp-20160725-00534
$ROYL
Awesome merger news, great chart, and the stock is still flying under the radar. Big money is loading now.
http://www.nasdaq.com/press-release/royale-energy-signs-letter-of-intent-to-merge-with-matrix-oil-corp-20160725-00534
$ROYL
Awesome merger news, great chart, and the stock is still flying under the radar. I expect big money to start loading here soon.
http://www.nasdaq.com/press-release/royale-energy-signs-letter-of-intent-to-merge-with-matrix-oil-corp-20160725-00534
$ROYL
Awesome merger news, great chart, and the stock is still flying under the radar. Big money is loading.
http://www.nasdaq.com/press-release/royale-energy-signs-letter-of-intent-to-merge-with-matrix-oil-corp-20160725-00534
Great merger news, awesome chart, and this stock is still flying under the radar. I expect whales to get in on the stock soon.
http://www.nasdaq.com/press-release/royale-energy-signs-letter-of-intent-to-merge-with-matrix-oil-corp-20160725-00534
$ROYL poised for a major move
What's the deal here? Low volume but the chart looks great, like it could be one of those low volume 2,000% poppers.
Out at .20 after holding since last year. It's gonna be a long time until it sees .30. GLTA
Of course he is doing damage control. However, that doesn't mean what he has to say won't be honest and valuable, potentially providing reasons for shareholders to not immediately dump their shares.
I don't think anyone is really freaking out. Lots of us are just speculating about what the silence means. I am content with my thousands of $ invested in ELTP.
Well that's good news if that's true. GLTU
I think not having approval now or in the near future would be failure - shareholder expectations would not be met and the share price would plummet.
I think it decidedly means that it has not yet been approved, CRL or no CRL. Good Luck
I come to that conclusion based on the fact that each and every day the FDA publishes a list of its approvals from the previous day. If ELTP is not listed by the end of the day, it is reasonable to believe that approval didn't occur. Of course, I don't know that with certainty, but it appears to be the most reasonable explanation.
You misunderstand insider information and trading. A company doesn't have a right to PR before the FDA. To illustrate my point, look at the one company and product on today's FDA approval list, Biogen's Plegridy, and show me where Biogen PR'd the news before the FDA.
I'm not saying ELTP won't be approved today. If at the end of the day ELTP approval is not on the website, then things are looking bad for ELTP, as would be the case for any of the 6-7 others who wouldn't be listed.
The FAQ section of the FDA website indicates it updates the approval page every day. If the FDA approval list doesn't include ELTP by the end of the day, then its silence in fact means something.
The FDA is an agency of the U.S. government, and FDA approvals are public information. I don't think a penny stock company is going to convince the FDA to withhold public information.
But I thought the FDA doesn't post when a drug is rejected; it only posts approvals?
If the FDA posts all of yesterdays approvals by the end of today, I would certainly hope there will be news, one way or the other. If there is not news and the FDA has completed its postings for the day, and it doesn't include ELTP, then the company is simply silent about its failure to get FDA approval, while the fact that it didn't get approval would be right in front of us.
Looking at the FDA postings for the last several months, its clear that the FDA has a handful of approvals of various types every business day, including Fridays, which leads me to believe there are more approvals on the way for today.
Lets say the FDA made its first move several days ago by sending ELTP a CRL. When would ELTP have to disclose that?
http://www.fda.gov/Drugs/NewsEvents/ucm130961.htm
Notice on the bottom of the page it says last updated 7/14/16. So, the page hasn't been updated yet today to show any approvals that occurred yesterday.
Does FDA publish a CRL or is that up to the filer to disclose?
What are anyone's short term price predictions if FDA approval with ADF labeling?
What are the share price predictions if there is no news by July 15th?
What are realistic price targets after FDA approval?
1) This information was revealed today and had not yet been posted on this forum.
2) Cocaine is not an opioid, and cocaine is not what killed Prince.
Prince died from opioid overdose...
http://www.wsfa.com/story/31796114/report-prince-died-of-opioid-overdose
Thanks for this info
I've owned thousands of dollars of shares for months. I own this stock based on technical analysis, not fundamentals. I simply asked the question because I am curious about the fundamentals shaping the price action. I don't understand why you make an assumption regarding my stock ownership.
I think if it goes down to .31, it will go down to .30 to close the gap. However, the action today suggests it has found support at the 50 day moving average at .32, so there is a good chance this will be a breakaway gap and go higher without a chance to load at .31
Yesterday, the stock opened just above .32, having closed at .30 the day before. yesterday the stock did not go down to .30 to close the gap. The space between .30 and .32 is the gap--typically stocks move up and down without skipping certain price levels, in this case .31. Price levels are gapped when there is a major shift in market sentiment. Yesterday the price gap was because of the good FDA news. Oftentimes these gaps fill, i.e. the price will touch .30 again and "close the gap" before continuing upward. Sometimes though, when changed market sentiment is very strong, the gap doesn't fill and you are left with a runaway gap. If upward gaps don't fill they become very strong support.
Now that I have answered that, please answer this:
Why does ELTP have a better product than ADFs from other companies (which happen to be closer to FDA approval)?
http://247wallst.com/healthcare-business/2016/03/15/huge-opportunity-and-risks-in-5-top-abuse-deterrent-er-opioids/
Why does ELTP have a better product than ADFs from other companies (which happen to be closer to FDA approval)?
http://247wallst.com/healthcare-business/2016/03/15/huge-opportunity-and-risks-in-5-top-abuse-deterrent-er-opioids/
Could someone explain to me why ELTP has a product that is better than other abuse resistant opioids that have already been approved FDA like:
http://www.latimes.com/science/sciencenow/la-sci-sn-fda-oxycodone-no-abuse-20140723-story.html
Can you explain what you mean? There was no gap today, and the breakaway gap yesterday was to the upside.
Tomorrow may be a huge green day for us. The next month should be very $$$.
Today's price and volume action is significant and presages a major move up during the next several weeks.
I see the main levels being .36, .375, .39, and the major one to break being .42. Breaking .42 will send this flying.
ELTP in top 10 most read boards. Investors quietly loading before the stock bounces off the 200MA.