Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.
Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.
I haven’t posted in awhile… been holding since February 2014 with a cost average of .24 cents… Congrats to all on the stocks recent move up but it will be awhile before I’m dancing again.
1776, was waiting and wondering your thoughts on Sorrento’s Friday AH close and how you see this week playing out?
I didn’t want to believe this but it’s hard to come up with another explanation. https://t.co/USbrlhhKpT
— Mary Talley Bowden MD (@MdBreathe) January 30, 2022
In your opinion, do you believe PSS has been shorting the stock to add in their payment of the suit?
Losing the CFO is of course significant….but for a company that hands out PR’s like “tic tac’s”…. IMO we are in some kind of a quiet period. Something big is coming.
Well we are already successful with Covid in Mexico… so there is that..!???????????????
Maybe 25 people tops attended ( not tons) I was one of them.
We can all dream...
How can this not be a buying opportunity here at this level?... Literally only one way for this to go...UP.....
So up until 3 quarters ago when Elite was NOT cash flow positive....this was a good buy?... but now it’s cash flow positive with 5 million dollars cash on hand and it’s a gamble???... remarkable logic
That’s a great find and a great read.. Let’s go Elite.. step up
Hysterical
From the 10-Q
Generic version of an antibiotic product
On January 3, 2019, the Company filed an ANDA with the FDA for a generic version of an antibiotic product. The product is jointly owned by Elite and SunGen Pharma LLC. Upon approval by the FDA of this ANDA, Elite will manufacture and package the product on a cost-plus basis. The ANDA is currently under review by the FDA.
This could pop at any time..it’s been over two years...
It’s on the drug shortage list....why not..?
Welcome....easy money...
BS... Nasrat stays at the Residence Inn just down the road from Elite’s facilities....where the annual shareholders meeting was I believe.... I was there.... far from swanky....lol...
Elichen...you have been here as long as I have and maybe longer.... Don’t listen to the BS... when I invested 7 years ago, I invested in a far different company than the Elite of today. I invested because of their ART program and the two bead delivery system.
Yes the company has changed in many ways. But looking back the pipeline was going through all the Trials 1,2,3... there was a lot of speculation of what was to come. But Elite was leverage enormously.
Today we are cash flow positive with 7 consecutive quarters of record revenue and 5 million dollars cash on hand. Today we bounced off the bottom at .05 cents...and currently sit at .06 and half cents... What is the risk to hold???... I can not understand longs bailing at this point after all we have been through.
The stock is obviously being manipulated by MM’s and/or large groups of penny flippers looking for shares.
I truly believe the next two quarters will paint the entire picture here for Elite.
I recommend a strong hold... and maybe it’s time here us long’s get organized and take matters in to our own hands and fight fire with fire. Just my thoughts..
Elite to start clinical trails soon... it’s not a material event to report
API supplier is the delay in Loxapine... Elite has a partner ready to market it.
Haven’t used LPC for financing in over a year now... and no current plans to do so..
Carter comparing our doubt ratio to other companies....Elite is in much better position
Uplisting still in the plans
I’ll predict we will close green today..
Yeah the only strategy here is the stock is consistently manipulated and a very large group of investors flipping shares for pennies..
Everything else is just noise
Thanks for your DD here and all the help to getting the word out about investment here..
Lots of many strong hands here with multiple seven figure accounts. Things could move very fast.
Bring in the boys from Reddit...
What exactly would you do if you were the CEO to change the current PPS..?
All the chatter about releasing news obviously doesn’t work.. We have good news on our CC’s ..
The stock is being manipulated. What would you do to stop this practice?
A buy back?... would this be the best avenue with our money on hand?... I think not...Would the shares bought back change the structure enough to affect the current PPS and stop the manipulation?.... I think not...
The current company direction is clear and decisive and will prove profitable for all ELTP shareholders..
All the chatter in the world won’t change this... The worst is over for Elite. The company has pivoted its pipeline into a profitable one. The company has successfully survived through a pandemic.
Only two things ahead of Elite is “time and opportunity “
Those question marks are supposed to be check marks lol... must be this format doesn’t like them...
Agreed...Every aspect of the business that Nasrat and the BOD have control over has made a HUGE pivot in a positive direction over the last three years.
The only thing they can’t control is the current PPS.
Pipeline critical pivot??
Removal going concern??
Slowing dilution - to eliminating dilution ??
Record financials multiple quarters YOY??
Cash flow positive??
Cash on hand - $5 million??
Continue to update our FDA approved facilities ??
Continued investing into R & D??
If our share price was sitting at 40-50 cents currently every investor would be praising Nasrat and team.
The share price will come. The direction of the company is clear and beyond debate.
Seven consecutive record breaking quarters....
Fourth consecutive cash flow positive quarters...
20% increase in revenue same quarter
5 million dollars... cash on hand
80 million dollar market cap
PPS going up up up.......
Sounds like your average OTC stock right? (Sarcasm)
WOW..!.. 20% increase in revenue and NOW $ 5 million in cash on hand...
Yeah...LOL... a 20% increase in revenue same quarter.. too funny
I’ll be buying all the way until the buy out..
Daily share price is important to day traders and penny flippers
Or calls for .05’s shares...lol...should I share some of the post on the day of the last financials?....starling similar
Hang onto your shares.... remove your stop loss... investors huger for cheap shares before another record earnings report..
THE FOURTH CONSECUTIVE QUARTER...
In my experience in other stocks. When one mentions of “short interest” usually it is followed up by a short claiming there is no shorts in penny stocks... lol...Do you find the same to be true?
LOL..... thought it was all about the market cap....
Let’s bust through .10 and never look back. Get back into the .20’s to .40’s
Financials coming out today after closing bell. This will be Elite’s FOURTH consecutive quarter CASH FLOW POSITIVE
Anyone want to post another company trading at these levels in the pennies that can make the same claims?
Expecting a significant increase in revenue...my guess is $8,725,000... from sales, manufacturing fees and profit splits.
Also expecting Nasrat to fund R&D to advance our pipeline with our recent new hire and focus on the $1.5 billion CNS stimulant.
This will get spun as another flat quarter