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The article cited is quite biased IMO. Those shown as having very little ICU bed availability are not the primary hospitals in Pinellas County. The primary hospitals in the list have availability. The other takeaway is that despite the new case numbers, ONLY 18 new hospitalizations occurred.
The Tampa Bay Times can be heavily biased politically. I think this article fits that behavior since the headline shapes a narrative, even though it's a bit misleading.
As for ABMC:
1. The billionaire investor bought in at less than $0.10/share. He's up 10x. I hope adam's theory is correct and that his involvement will result in high profile business throughout major sporting organizations.
2. Filings have to occur for any serious money to invest. Hopefully management follows through.
3. We've had a good run and seem to be consolidating here.
I too was thinking how the old ELTP crowd has been doing. Every once in a while I bail on an investment only to regret it later.
Good luck to all. I see NH is wanting to issue more shares, but don't worry record revenues are just around the corner.
The change and PPS response is very exciting. Buyout or effective commercialization. Long RVNC.
Hoarding shares.
A euphemism for diluting the crap out of existing shareholders.
GLTU. I think everyone long $ELTP needs luck.
Agree. CATS seems well positioned to meet these conservative revenue goals. Hopefully the market begins to agree with this statement and we once again see a climb into the 20’s.
Far fewer shares than what’s currently outstanding.
It’s not the share count that’s preventing the up listing.
ELTP—SAIEW.
The temporary pop and immediate retracement.....
Those of use on the sidelines missed nothing. I for one am definitely not regretful to be watching from the outside looking in. It’s a perspective that allows for much better objectivity.
GLTU. I, for one, believe that ELTP’s future has already been written.
Be sure to buy when it's below $0.35 while you can......better get these cheapies while they last.
Howl.
How many shares sold at 97 cents?
Not too many....
Ho hum
Same story year after year. Imminent approval. No one can stop us. Etc.
Maybe this time will be different, but I sincerely doubt it. Beware.
Double speak at its best.
Even if the revenues double or triple, as has been posited here, the revenues will still be TOO LOW to matter.
ELTP might slowly capture some of this generic business, but I doubt it ever moves the needle on EPS.
DIW.
Agree with above. I've been a long term hold since the CNSO days.
Really encouraged by these guys.
We've all been here before with ELTP, a few years back. Job postings existed back then, yet business never materialized because of sloppy management. The stock price shows as evidenced by the current PPS and extremely low volume.
At best it's a lotto ticket with similar odds, but I'd choose the PowerBall.
If memory serves me right, very few shares sold at the $0.97. Not nearly enough to make anyone a "millionaire".
New message board for EMMA investors. Welcome to all.
The mere fact ELTP trades, or at least traded, anywhere near these price levels should be a red flag.
Inconsequential volume. One small investor could represent an entire day's worth at these prices.
Illiquid. Cheap. No interest from any real money or institutions.
No doubt a pivot on a product that's been DEAD for years. All part of a plan to defraud new investors in ELTP.
REVENUES ARE PITIFUL
BUSINESS PLAN DEFUNCT
MANAGEMENT INEPT.
RUN FOR THE HILLS
ELTP is going NO BID
Perfectly stated. ELTP management has OVER promised and UNDER delivered for a very long time.
They're running out of options.
Tic toc.
Buyer beware.
The savvy sold in the $0.30s or higher, years ago. Back when it was touted as the cheapest it will ever get.
.06 to .006 is a huge drop. It can happen.
Oh my.
ELTP is DIW, even if Sequestox is resubmitted and approved. The landscape for abuse deterrent opioids and the whole approach to pain management has changed over the last 5 years.
Had management been effective in 2014-2015, this would be a much different story. Unfortunately, arrogance and incompetence ruled the day, now the company is relegated forever into pennyland. The revenues are minuscule. Management had a history of ineptitude. The market landscape has changed.
This stock holds no potential for exponential profits. No prospect to pay a dividend. It's cheap for a reason. The market has spoken.
I am glad this post got stuck.
The reference made by the poster highlights the irrational confidence expressed by management over the years. This irrational confidence has been coupled with incompetent execution, or at the very least extremely slow execution.
The red flags existed when the CEO once said no one could stop ELTP... We all see how that worked out.
I would enjoy learning about ELTP's success. They had a promising portfolio; however they have never capitalized on these assets.
Good luck to anyone long. I think you'll need it.
Maybe the President with tweet about ELTP similar to how he mentioned WKHS last week. How lucky would that be.
The great part of this story is that it's predictable. The outcome being witnessed today by many, and experienced by a few, was written long ago.
Predictable. It doesn't matter how many times someone suggests otherwise.
For ELTP, today's PPS reflects full valuation of the enterprise, including all the potential value within its pipeline.
The market has been speaking truth for a long time now. Nothing has changed.
Partnerships with a potentially bankrupt business? Sad, but true.
You've spent years offering fact based opinions on ELTP, it's risks and potential opportunity. Please keep it up. Thanks from all.
For those that weren't here back in 2013-2016, ELTP's prospects diminished greatly with the SequestOx PDUFA. Since that point it's been a hope and a prayer for investors.
Good luck to those staying engaged. For the newcomers, be sure to read back many years on the message board to better understand the full story and its characters.
Good luck guys. Maybe ELTP will start working after years of losing money for its equity shareholders.
The speculative play was the long dead Sequestox. These other drugs might generate enough revenue to support ongoing operations.
I wish you guys good luck. I've been out for a while.
We were at 35 cents not long ago too. That's a much different ROI.
Yadda Yadda. You cannot claim ROI from the bottom tick.
Regarding the debt conversion process: If the convertible debt holders had bullish expectations for the company's equity, then why would they immediately liquidate post conversion. It would seem to make more sense to convert the debt to equity at these very low prices and then hold.
Maybe someone can share insight into this process? Convert debt for equity, keep equity position for long term gains. It seems irrational to convert debt only to immediately liquidate the stock.
So ELTP gets ANDA approval for a drug they already manufacture? Big whoop except for the approval itself which comes on the heels of the warning letter being lifted.
This might get interesting again if this approval becomes the first of several. Then if management can actually execute a strategy to monetize said approvals....then $ELTP might become investable.
A lot of if's as well as a recent history of failed execution to overcome by management.
GLTA.
Regarding CMED shares, I have acquired some in anticipation of the buyout.
I'd gladly pledge those shares to the ACB buyout. Investor relations should advertise a method for retail investors to do just that....it would help move the ball over the hill from 38% to what's needed.
Just my two cents.
WeeZuhl
I have appreciated and respected your contributions to this board for as long as I've been reading it, however, my critical comments regarding ELTP are spot on. I can accept your criticism, but I submit you focus on ELTP as a whole rather than in an optimistic, narrow scope.
I contend:
Management failed to navigate the approval process in a timely and strategic manner. This failure in management has caused an indefinite delay for SequestOx. This delay substantially devalues the technology and makes it nearly impossible for ELTP to sell and market it. Too many years have passed. Too many missteps. Too much dilution to keep the lights on. Too many self dealings.
The technology might be the greatest thing ever, but ELTP, in its current form, has no ability bring this to market. No money. No approval. Nada.
It was great while it lasted and the market finally spoke, definitively.
The genetics don't support higher valuations.
The lack of transparency doesn't support investor confidence.
All IMO of course. I'll gladly admit being wrong if they right the ship, but I've taken my money elsewhere.
Six.
Why are you so confident the CE will get dropped?
$ELTP once had potential, but that potential has been squandered by bad management and nonexistent execution. A few years ago, the two-bead technology had promise. The opioid epidemic was becoming better understood. As it's been litigated, it became clear, the two bead technology, as good as it may be, does not deter overdosing. This is true in the oral form, and in the FDA's mind it's true from a lack of BE due to inadequate Tmax.
The fact this data was never shared. The secrecy from management. This stock is DIW.
So many other opportunities in the pain management space. ELTP will be overrun.
MYND---I've been long since 2014. Rooting for these guys. I like the recent acquisition, read vertical integration. Hoping to hear update on SoCal study soon. My understanding is this study is critical to obtaining fully paid status from UHC.
Good Afternoon WRFX Long's:
Disclosure: I am long. Position 5mm. I'll grow it slowly as I see fit. I have dry powder, but it's not a matter of slapping the ask...IMO.
A couple of thoughts:
New management sounds impressive. Compelling enough resumes' to throw some risk capital at it.
Product. Post quantum encryption? You bet it's needed. A good story. Worth a flier.
Share count. Acknowledged to be large and growing. Not a concern for me at this point since the market cap is tiny, even if they fully dilute to the 2bb+ share count.
WhatsApp comparisons. I believe it's apples to oranges. WhatsApp commanded $19bb from FB because it had a huge and rapidly growing user base of retail consumers. FB wanted to bring that user base into the fold, I believe, to help them drive advertisement rates and subsequent revenues.
WRFX's encryption protocol, I hope, goes well beyond a chat app. I interpret the chat app to be a demonstration platform built to aide in the sales process. I don't anticipate nor do I require them to build and support a massive consumer user-base. WRFX needs to demonstrate the protocol's efficacy and durability.
Questions: How is the protocol deployed? Data layers, transmission layer, storage layer, application layer? How is the product deployment supported and monetized. If it's an encryption framework, what prevents duplication without paying WRFX? Can the NSA hack it? I'll bet they can hack any binary system in existence today.
Post-quantum is a buzzy sounding phrase as the first reliable and scalable q-bit computers remain nascent.
Man...I hope these guys have a tiger by the tail and it makes everyone involved rich...including us lowly common shareholders.
GLTA.
The sales don't have to be from other retail investors. Maybe the sales are coming from the admitted debt conversions to equity. Additionally, the company had stated the need to raise more capital through a secondary offering (minivest.com). I'm unaware of the pricing for that issuance, but when it's announced could impact the common share pricing on the market.
It'll be a fun ride, enjoying the trip!
Is that you JA?
Nice breakout today. Let's see if it has legs.
ELTP has been undergoing "orchestrated dips" for years.
Success, in its many forms, is always just a year away.
GLTU.
Interesting article. 2000 trucks is a large order, does it consume the majority of what WKHS has been fighting for?
This stock makes zero sense. Nothing about it adds up.