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Build a wall.... then manipulate it back down... rinse and repeat
The predictions for an R/S or bankruptcy have been going on just as long as the predictions for dollar land..
R/S and bankruptcy NOT GOING TO HAPPEN
He needed to fill up his tank with gas...if he was trading 50,000 shares he made just over $100.... good for him
I agree but such is the world we now live in.... the truth is gone Good luck to you...
Nope... it’s not..been and done that before
You got a list of all these Pharma’s with record quarters?... Or you just making a blanket statement..?.. I’ll wait..!
Any one thinking ELTP’s current quarter results will be robust just doesn’t understand the impact that COVID has over businesses and their supply chains..
You are wise beyond your years JJ...Walmart up next
https://www.google.com/url?sa=t&rct=j&q=&esrc=s&source=web&cd=&ved=2ahUKEwjVyvbg2eTtAhXBTN8KHS8IDIUQFjABegQIBhAC&url=https%3A%2F%2Fwww.cbsnews.com%2Fnews%2Fdepartment-of-justice-sues-walmart-over-opioid-crisis-pharmacies%2F&usg=AOvVaw2GRamPIpm4wd-diMWa8eLD
WeeZuhl is this the same scenario when other officers get paid in shares?...thanks
Never been anywhere near this volume at this time of year. As a matter of fact. History would show that there really wasn’t much selling around tax loss time. Regardless of the regular chatter about tax loss season.
I can not remember the last time we have seen this type of volume over this length of time. Definitely different..
So something is definitely up..
Simple logic.... Does anyone one borrow money when they have plenty on money on hand?... I think not...Facts matter
Please provide proof that it is not... thank you
The most logical explanation of this crazy volume and declining share price... Oh wait...that’s right...there’s no shorting of any stocks on the OTC right..?..hahaha..!
BS... this is not LPC.. the end
Look at this volume.. who’s trading at this?... are these the usual market makers on level 2 or are there different ones?
Just keep changing the date until you get it right.. that works
Lots of chatter... good things are coming... hold tight
Many here believe the share price will change drastically in the next week...I do not... Not without a huge announcement of a merger or buyout... I know volume proceeds price...That we are sure of... I just believe there will be an incredible amount of flipping and profit taking. So be very careful not to get caught up in the PPS movements up and then down...The volume I pay attention to.... is the massive volume of opposing views... when that starts to increase I’m assured good news is not far behind...The views only focus on the current PPS..and constant looking in the rear view mirror...
Elite has turned the corner... one of profitability with limited debt..
Is Elite the same the company a lot of us invested in several years back? Absolutely not...but we are also not the same company saddled in toxic debt without a constant stream of revenue. Has the transition been perfect? Again the answer is No..!...
I will continue to believe in Nasrat and the board of Directors who all have skin in the game.. Nasrat being the largest shareholder with 260 million shares. He has the most to lose or gain. I believe many of Elite’s employees have skin in the game also and Nasrat has always expressed extreme loyalty to his staff and employees.
This will end with a merger or buyout and then and only then will all shareholders reap the benefits for their patients.
Congrats to all.... If you build it.... they will come... it might not be in YOUR desired timeframe... but they will come..
All in the transcripts.... Nasrat was talking about what it would take to get off the OTC...Talked about possibly buying additional ANDA’s or Merging with another company. Talked about having the money to invest in R&D...
Elite is moving into another phase of growth as a successful company while never losing sight of their bottom line. A very health and attractive position...Good things are coming YJ4...
Merely stated the things I heard
Question for all the current share price watchers...How many millions of shares are waiting to be flipped by shareholders who have been holding for years? By shareholders who have recently bought in at .05 and .06 cents? By simple OTC penny flippers looking for a $200 return?
Answer is.... millions and millions
So how do you all expect the current share price to rise and maintain another level?
I heard... cash flow positive quarter over quarter and expecting the same going forward. I heard no need to dilute any more.
Cash on hand for possible merger or buying more ANDA’s which will help get us off the OTC ...where the share price is being manipulated.
The sooner the weak hands sell out and the shares end up in the right hands... The sooner this flys north...
Oh and 6 million in cash on hand... lol.. How quickly we forget..
Best quarter EVER.. How quickly we forget... reoccurring quarters cash flow positive with NET profits rising...yes PROFITS.. How quickly we forget..
Flat quarter..?.. BS.. don’t be lazy.. go back and listen to previous CC when Nasrat and Carter have explained the quota process and lags in billing and cash receivables..
Without lots, and I mean lots of volume, which would only occur on MAJOR news.. The share price will be manipulated in any direction they see fit..
Who knows is Covid has effect the supply chains?..
And I don’t ever want to hear the word dilution again.. For years we have had to hear this.. Elite is currently is its best place ever..
Haha.. all us sophisticated investors are here hanging out in penny land... too funny..!!!
N2k.... always great reading your post... I don’t post much anymore... just grew tired of conflicting views dominating the space... yes it’s been a long hold for long term investors and it certainly has not played out in my original timeframe. But with the company having to pivot their pipeline and basically starting over with multiple different partnership. I too can see the writing on the wall. With the company CFP now and record revenue piling up quarter or quarter. The manipulation will end here and buying pressure will finally return to this stock.
Until then all the chatter pro and con, threats of law suits, and endless reminders of the current stock price won’t move the share price. I have no idea if it’s 1,2 or 3 quarters away.. but it definitely is coming. Thanks again, your expertise is greatly appreciated.
This was taken from the most resent Seeking Alpha article written for LCI....thanks Nasdaq2020
Industry Consolidation
The COVID-19 pandemic has caused 202 American businesses to file for bankruptcy through August. Given the pricing pressures on generics and the pandemic related economic downturn, there are considerable pressures on generic drug companies that could provide opportunities to acquire well priced businesses or products at bargain prices. While acknowledging its current debt position, LCI has indicated it is open to considering any potential M&A opportunities and/or product acquisitions that offer strategic benefits including expanded manufacturing capacity, a diversified product portfolio and pipeline, or complementary R&D expertise, as long as they are a strategic fit and accretive to the business.
Yeah like reporting the importance of the daily stock price and stock movement at 10am EVERYDAY..SMH..!
It’s called “ conflict of interest “ for a reason... SunGen had their own interest.. Nasrat has dual interest... simple really
All very true.... but which in lies the conflict of interest...
Nasrat could elect to hold the 50% control of Adderall from Elite while collecting profits for an undisclosed period of time..while the drug appreciates in value...
He could shop Elite for a buy out and market Micah’s Adderall as a bolt on to the deal....filling his pockets more.
The only ethical thing to do is ... Have Elite buy the 50% of Adderall from Micah for what he paid for it... ELTP has the funding NOW...
Micah needs to go away.... again
Walgreens is our largest customer..NH
No Rachet....the end
Post of the day
Oh remember...there are no shorts on the OTC... too funny
Welcome back Couch... WeeZuhl has raised some real concerns IMO... things that Nasrat definitely has to answer to and be more forthcoming...
I know you have been following along... I would like for you to also weigh in on some of these things. Thanks and again welcome back.
Agreed totally
Yes... heard of massive dilution from the CEO for the last 3 years ONLY to find in the financials that dilution has been minimal... so there’s that..
Poor wording... absolutely nothing wrong with a Merger...all part of Nasrat’s plan...IMO