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Bear-raid my butt! Just a bunch of morons finally woke up to the reality that ELTP is a scam and sold. LOL!!!!!!!
This would be considered material event and illegally suppressed.... But what else is new with this scam company?
How can a company with a history of scamming investor through manufacturing news and selectively suppressing negative material events be allowed to operate?
GET OUT FOLKS!! Gave you guys this waning at 32.
It comes down to how much the generic business is worth. ELTP entire pipeline is meaningless at this point as FDA has rejected Sequestox. Labeling and food suggestion when taking Sequestox is not adequate to address overdosing concerns. There is no easy way to address this problem. One suggestion was to change to a thinner or faster dissolving polymer. Even if Elite is able to do this, they would have to start over with at least a BE study and and new phase 3. LPC was the last chance financing avenue for Elite. Who else would want to fund ELITE going forward. I see no way out for ELITE other than to file bankruptcy to protect generic business..... Or 1000 to 1 reverse split and issuing a few more billion share wiping out all share holders.
They have close to 300 million authorized shares left but with price going to 10 or 15 cents in the next few weeks, they wont get that much out of LPC deal. They have to dilute and 1000 to 1 reverse split. Going in the way of AMBS.
A drug that was to be tamper proof now need a list of instruction so as not to overdose. Oxymoronic isn't it? What doctor even consider prescribing this drug even if it is approved. Sell while there is some value left and let the dumbest of the dumb cling on. Those that thought 15 cents was cheap and got in, just wait a few more days.
I hope i was able to steer some of you clear of this death trap in the past few weeks with my relentless warning and urge to sell. I have said many times, ELTP is a minimal technology that does not address the current national Opioid epidemic. Any ADT that does not address oral abuse will only add to the current crisis. FDA is doing everything they can to prevent irrelevant ADT from reaching the market..... Delay, delay, delay delay, and then, a new study. Lol! GLTA .
Ceo will try to spin bad news and give assurances to calm investors. Hard to trust a guy that concocted a valuation scheme to steal millions from investors.
15 cents Monday. 8 cents the following week.
Its funny that you guys keep posting these Bills. Passage of these bills will adversely affect ELTP. ELTP does not address Opioid addiction through oral ingestion. Approval of Sequest-OX only flood market with more Opioids. By not granting Oral Abuse Deterrent Labeling to minimal technology like ELTP, KMPH, EGLT, COLL, They have essentially have killed these Biotech. Anyone care to look at these company in the last few weeks know they all crashed after approval. ELTP will be no different. Get out while there is still some value left. !
Sell while there is some value left. We all know price will crash further tomorrow. Get out of this scam! There has been minimal buy to drive the stock up hoping to suck in newbies looking to make a quick score. This thing will crash tomorrow. Anyone with level 2 can tell huge sell is quickly replaced by small buys to restore prices.
Don't buy in to this scam and allow these scammers to take your money. Invest in something else. This is OTC Scam at it's finest. Numerous Pumpers here 24/7. Even CEO is into this Scam. CEO promised everyone that this stock will be 4 dollars with approval. Even 40 cents looks unlikely. LOL!
Regardless of unfolding events, we still see regular posters exaggerate this stock.
1. Former CEO Jerry Trepel has left and started to dump share.
2. Director Najarine has quit and is always looking to dump share.
3. FDA denying Abuse labeling to all so called " Abuse deterrent technology" that does not address oral abuse.
4. Similar technology to ELI200, ALO-02 was denied Oral Abuse Deterrent labeling by ADCOM.
Lets see how you guys spin these revelations.
Wake up folks this scam is over!
It is amoral to scam your fellow man out of his hard earned money with OTC Scams!
I have stated here many times that insiders are looking to dump at any spike in volume. It is amoral for posters on this site to continuously exaggerate to mislead and trap unsuspecting newcomers. Sell!!
It is a moral obligation to prevent OTC Scams.
When are you guys going to get fact that no one is interested in this stock? We are a few days from June and still there is no volume. Sell while you still can. No interest means there is no money. Sell and salvage something, better than nothing. Look at all the stock in the same space, KMPH, COLL, EGLT, ACURA all tanking. No one believe in this technology.
There are no buyer coming in as volume is anemic. It is obvious that SequestOx will not get Abuse deterrent labeling. FDA is clear when they denied KMPH abuse deterrent labeling. Any technology that does not address core issue of addiction through ingestion will not be allowed ADL. Insurance companies will not reimburse without ADL. ELTP will crash without Abuse deterrent labeling same as KMPH. ELTP is just another company that claim Abuse deterrent technology without solving the main problem, Opioid Ingestion.
KMPH down 55%, Collegium down 25 % since approval. No money in this space. ELTP is very similar to these other product and will not be allowed Abuse deterrent labeling. FDA has spoken, Products that use Naltrexone to prevent tampering does NOT DETER ABUSE, and will not be allowed Abuse Deterrent labeling. SELL!!!!! Let see how you guys spin this one LOL!!!
So glad I sold!!! Don't want anyone else falling for this scam!!! SELL, Sell, Sell!!!!!
Look at all the Biotech that has shoe in approvals, Collegium, ACAD etc., they all tank on the day of approval. ELTP will be no different. ELTP will crash hard upon approval as the prospect of any sizable revenue is dim. Not to mention, Insiders lining up to dump share. I guarantee this will not go over 34 cents because we know that is JT selling price, Narine is always selling with any hype.
please stop exaggerating the reach of this product. This technology only deters current addicts from getting high. Fda goal is to stop addiction. We all know the primary route to addiction is through ingestion from legal prescription. Patient usually have some severe pain and was prescribed opioids then becomes addicted through regular ingestion over the course of their pain episodes. Please tell me how SequestOX will stop that trend ? SequestOX prevent current addicts from tampering and getting high. Once they figured out they can't get high crushing and snorting or injection, they will move to heroin. Having a product like sequestOX will only cause complacency and flood the market with even more opioids. Those exaggerating the reach of this product only contribute to the current opioid epidemic by flooding the market with more Opioids.
Of course approval is already priced in considering clinical success. The only minor mystery with Elite is market penetration. Judging by other companies with already approved ADT, revenue would be anemic at best. Pfizer not really marketing their ADT further suggest not much money will be made in this space. Who here would buy a product known for massive addictive power from an OTC company? Eltp has no chance of going up against the likes of Pfizer. When it comes to marketing money speaks the loudest. ELTP has no chance of ever wrestling away any sizable share of the Opioid market.??
Those that have many shares to shed. You will have problems selling if PPS spikes with approval. we know for a fact, that JT is selling and his price is about 32 to 34 cent. He is simply waiting for Volume to pick up before he can sell. JT has 9 million left to sell. Narine has 29 million more to dump. Narine dump 10 million shares when they concocted the Valuation Scam and drove prices up to 97 cents. Because of the lack of interest in this stock, there will not be many buyers upon approval. I am thinking maybe 5 million shares with approval. Those thinking of selling must plan their strike price below what they think management will dump at. Knowing that Insiders are also planning to dump, one must accept a little less profit to exit unscathed. GLTA
It is the moral and ethical duty of every decent person to expose OTC Scams
There is no NDA for any other product until their is some revenue comes in for ELI 200, which will be a long time if ever. This stock is a scam, Stay away folks. For those with sizable share count, you will have trouble selling share at any decent price appreciation. Insider has always dump into legitimate or concocted PRs. Spend 5 minutes doing DD and you guys will know that I am Right. I am sure will get harass by all the resident Optimists for this post but gotta put the truth out there. GLTA
The biggest BS here is ELITE. PPS just flying off the shelves now. LMMFAO!!
The sad part about Opioids pain medication is the people who push them. Instead of the dirty thugs with guns, these drugs are push by medical doctors. Talk about cloak and dagger! Even sadder are people looking to profit, relentlessly pushing even more legal Opioids onto the market claiming that it is safer because it of new ADT technology. Current ADT technology only prevent current addicts from abusing Opioids. It does nothing to combat normal people from getting addicted; because they thought their family doctor that prescribe the drug has their best interest in mind. Ingestion of legal Opioids is the main route of abuse. Normal people do not crush and snort and become addicted. ELTP technology is obsolete. There is no need for a technology that does not address abuse through ingestion.
The truth is that there is a national campaign to move away from Opiod pain medication. Educate folks not to abuse Opiods is more effective than flood the market with ADT. FDA will not rush to approve ADT Opiods because the main route of abuse is still through ingestion. Approving ADT that does not address the abuse through ingestion, will only flood the market with more Opiod abuse. Most people get addicted from ingesting legally prescribed Opiods. ADT will only make the public more complacent to the scope of the problem.
Too many folks selling lottery tickets on this site. Buyout, 200 thousand percent gain with approval. ELTP will corner the markeyt on ADT. LOL!!! What else did i miss?
Elite at 30 cents with phony Valuation. LOL
Done with this stock but I like to say one last thing just to help out newbies. You should use extreme caution when considering a stock that has a plethora of promoters who spend countless hours on site such as this making exaggerated claim. OTC stock in general are heavy on manipulation and insider scamming. ELTP has an outside chance of making it but will have to wait until revenue comes in. Late 2nd or 3rd quarter of next year. Until then, this will drop to mid 20s soon. Those that have too many share will have trouble selling because of overall lack of interest in this stock. I was lucky to get out with some profit but I will never invest in OTC again!!
Finally sold the last of my 1.8 million share. 357k today. Good luck to all. Average 24 cents. made 8 cents. My advice to all here. Don't think you can be millionaires by buying more than a few hundred thousand shares of ELTP. As we see with the last few run up, Insiders were able to dump before anyone else. In the run to 97, insiders dump before anyone can take profit. The same people on here continue to spin the same lies getting folks to stay put with their money while they flip and trap may newbies in a endless game of deceit. Insiders are the ultimate scammers on OTC because the control information. Anyone who has some profit in ELTP, Take my advice and sell. There is a reason why big money don't touch OTC. Manipulation by Insiders!!!!
Completely ludicrous to think that someone can lend a company a million dollar and at the same time be so desperate as to sell some share to raise a few hundred thousand dollars to buy a house. Especially when we are so close to those shares increasing atleast 5 folds in the next few months. That logic doesn't seem strange to the people on this board? Lol
Why don't you put it on the bid and I will sell.
How about i flash 1 million share at 30.5? There its is at 30.12
It's funny, that all those that favor the stock, are concocting all types of excuse as to why Jt is selling. Jt is looking to sell and the selling range is around 32 cents and up. He has about 8 million left to sell and will look to dump at every opportunity. This stock is going nowhere anytime soon. All OTC scams are ultimately control by Insiders because they control all the PRs. Look at the last few major PRS Elite has, Insiders has line up to dump, NAJAREEN,JT,Epic, etc,. When there was no plausible PR, they conconcocted fake PR ie. VALUATION to scam public out of millions. The biggest seller in the Valuation scam was Najareen.
This is OTC. Conventional trading theories are useless here. BTW, just put up another 200k at 34.5 if anyone wants more i have 1.45 million more to dump.
That might not be such a good thing for Elite. Allowing addicts to sue doctors would definitely affect sales. Elite might be deterrent but not Abuse resistant. Over prescribing can lead to addiction regardless of ADT or not.. Doctors will be very reluctant to prescribe at all if they are fearful of being sued.
Wow! All those upsides yet we continue to have Insiders dumping millions of shares.
10 percent jump that day and it will drop back to low 20s over the next few days. NDA already priced in. Jerry still has 8 million shares to dump. PPS going no where. Last time PPS jump and we saw Najareen sold millions. This time it's Treppel selling millions of shares
And to answer Dr. Pete, Folks bought in during the last run up because CEO scammed the public with suspicious Valuation. When folks realized it was a scam, It was too late because Insiders have dump millions of shares bring PPS down to only 20 cents robbing every one who bought in.
Is that why he is continuing to dump shares like crazy? There is something wrong here folks. Jerry shedding a few share is normal but dumping millions of share and no signs of stopping is worrisome. does not look like it is stopping. there might be some panic selling today as folks realize this "Dumpathon" will not stop.
It appears Insiders are continuing to sell. As Jerry continues to shed his 8 million share, newcomers can help but feel scammed by Elite. All this talk impending approval, yet we have one of the largest share holder dumping his share.
Definitely in the accumulation phase. They will buy out all substantial Asks. Every time there is a substantial ask, it is taken out and a few share is sold back to lower PPS. Accumulation will not stop until news.
Trader already sold in the 40s and high thirties. There is no such thing as short on OTC. Prices will remain depressed so flippers and traders can buy back in. It will go higher with news of NDA acceptance but very slow. Share will spike in around June or July as approval draw closer. In the mean time, prices will be kept down to shake out anyone weak hands as accumulation will continue. Great time to buy!