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I was thinking that the scheduling of the earnings and the CC on a Monday morning just might mean good news. Thank you for the good thought.
Thank you Snup...I believe you just might be right.
At least!!
It is going to take some great negotiations or dilution to get the capital to begin producing and get a reasonable market share. I was heavily invested in IPCI who never could market their approved products and could not generate cash to move forward. I bought into ELTP at $.105 to .11 and have been adding. I am hopeful they will succeed despite what has happened in the past. Good luck to us all.
I like your optimism....but we need marketing of those that have been approved. We need earnings to expand. Nobody is buying in because of that. I am with you though because this can be a very good investment. Best of luck to all longs.
Thank you Dr LOW....for your advice about ELTP.
Obviously you have been right. It has dropped 20% since I bought in. It did bother me that when they got approvals recently they could not immediately begin production. Next quarter or two I think he said. That didn't help the price. No cash to expand. So here we are. UNLEASH THE KRAKEN!!!
MAJOR DILUTION DISCONTINUED by NasRAT best thing for the stock no more DILUTION
Yeah I love the MANTRA this going to the moon.
No worries this will be shooting up!
ELTP. It has a $.105 share price. It is an OTC stock and has around an $88m market cap. It has a pipeline that may increase revenues. As an investment it offers an opportunity. So....it is what it is...go long or short or make no play at all. What amazes me is a poster that constantly bashes day and night.. day after day.. week after week. I have a picture in my mind of him and its not good. Good luck to the rest and I hope that ELTP will be a success. "Release The Kraken" There are some very well informed posters here and I thank you.
total BS
I like this post. Thank you for the information and optimism. Just maybe we have something here. GLTA.
Thank you for the posts today.
Unless they started selling the generics in volume today IPCI cannot survive. Even with an approval of oxycodine they would need a lot of money to launch. They even said as much. Something abstract would have to happen. I do not believe the current price either. The MM will only let you out in very small amounts. Like I said they kept lowering the bid for a mere 5000 shares after lowering the bid from .44 and .43 when I sold earlier. A few of the reasons I stayed was the CFO buying and the large amount of shares by USB. I just could not figure how operations could be funded without taking the price to .15. Even after a split and an offering they may then have short term equity but not the market cap. I had hoped for a miracle and gave up. You don't officially lose until you sell and that is why it is so hard to do. All of my shares were at $2.70. I doubled down the day before the Adcom. They stopped trading and resumed at $1.49 and here we are. Offering... another offering... another offering... and nothing but failures in between.
I do not think there is any secret to vote on. I think the major vote is the reverse split ratio.
Sold out. 100%. Could only get $.385 for the last 5000.
DILUTION. With only 200k left IPCI needs to raise cash now. They have to offer at a discount and dilute another 30% just to raise money to survive the next 2 quarters. Then a 10 or 15 to one reverse split. I can't see any other way for them to survive. I sold out 75% of shares. I am sick to my stomach.
CFO buying shares...isn't that something to consider? Why would he do that? To mislead or send a positive message.
I agree with you Tilator.
Another Stock offering Today!
Wimuskyfisherman..yeah it seems so. They could not even bother to say why it was worth $2.50...like ...based on 15 times ANNUAL REVENUES of $6Mil the market cap should be...whatever. The corruptness of the whole thing. They couldn't even give a why! They sucked a few more people in and starting shorting again! Now I am considering that IPCI can not be cost competitive with the other generics and that production in China could be a problem. I remember another generic co. years ago that was shut down because the products were not consistently produced. A disgruntled employee turned them in and the pills were examined and they were not always the same. The man is charge was Bob (something). He founded Murex and was part of the 49ers with Eddie Debartolo Sr back in the day. They company may have been in Canada. Just something else to think about. Back then one could count on a time frame of anda submission to approval and it did work that way...not with IPCI!
Fabius.... I used to think that someone was taking down the share price to cripple any offerings for research. Maybe! Now I lean more to astute investors realizing that management had been making poor decisions..inept applications and signed distribution deals that would not produce the income. I am upset with the recent recommendation of $2.50. 8 million shares were traded that day and we were as high as $1.05 and weeks later we are at .63 with really no new negative news releases. Seems a bit sinister to me. It is worth $2.50 WHY? Because of WHY? WISHFUL THINKING OR JUST BECAUSE? 600,000 cash on hand as of 2/15/18. How are we going to raise capital? More red candles!
Looking at the chart...we are setting up for another price crash.
The shorts did not cover and now they are increasing if what you say is true it certainly is professional. They were/are very sure of themselves! The AdComm attack and then the lawsuits seemed planned. So what is the end game? No FDA approval of Rexista until more testing and the share price drops again while IPCI scrambles for operational capital seems to be obvious. The CFO resigning really bothered me because he left at such a bad time. Laugh if you will but I am hoping that Odidi represents a beacon of hope/pride... and that a few wealthy entities will help to advance his science. This company needs help.
A professional take down of this company has occurred!
....remember when shareholders were being asked to loan out shares to be shorted? Who does that at such a level? Who is continually selling at this price? (I have lost 70% of my investment) Why was this one of the most shorted stocks even though it was nearing a cash flow positive quarter? Why was the share price destroyed? Because someone could?...to stop an offering?...to cause massive dilution?....to stop the science? I am so disgusted with it all! And then to have the CFO resign. Someone made a lot of money here and it was not the shareholders.
If the rumor was true. 10 million in new shares means we have a 25/33% outstanding share increase? Has the share price been manipulated to bring down the 20DMA which will be the cost basis? Were will the shares come from if we do not have another stock offering? Just thinking out loud!
Tekterra...I got in because of many reasons. I was doing very well with charting and in Dec of 2014 it was a buy signal. 2 days later they got hit with a lawsuit from a Yieldco they created. I saw Oppenhiemer and Vanguard (and many others) increases their holdings and a major Hedge Fund manager got a board appointment...I kept cost averaging down hoping for a rebound. SUNE was never able to come up with a quarterly or yearly financial report and a new CFO was brought in. A failed merger and margin calls lead to the disaster. Really...the CEO and CFO should be in jail for the financial misreporting.
Thank you my friend I do need patience and I will hold on. I was financially ruined by Sun Edison last year and lost 95% of my investment. Because of my DD I saw Hedge Funds and Mutual Funds doubling down on their holdings and thought that something very good was coming. Who could have known that the CFO lied on quarterly financials? SUNE claimed to have a Billion dollars in cash and projects were near completion so I foolishly gambled my entire pension and life savings on the it. I just kept buying more and more and poof it was gone! Those guys and the auditing firm should be in jail! Anyhow I picked up the pieces and I found IPCI and now dream of a Billion Dollar Market Cap...I hope that Samsa is right..LOL...
I used my 3 posts for the day.
Sprot..you have been right many times. Keep a core and sell on any gains an buy back on the lows. That takes luck and smarts..haha! I think that we get no sustained price increase because IPCI has no cash in reserve and a stock offering is always a strong possibility...FDA delays...and failure to penetrate the market afterwards. We will have 37m shares outstanding at some point. No trust...no earnings...No projections...No Partners.
But we are betting on the man and his past accomplishments. WHAT A LOUSY INVESTMENT for those of you who had had this for years. Good luck to us and I do compliment many of you for your DD.
What is wrong here?
Nothing brings this stock up. The street seems to have no confidence in this company at all OR It behaves as if a stock offering has already been done and the price is being held down by the MM. They stopped the trading when it started to run. WHY? You can't buy or sell based on charting. So frustrating! Sorry just venting. For a biotech this has absolutely no pricing based on speculation...this management team must be on the wrong side of the Finance community.
This stock really is broken. I mean with all the potential there is no speculation that runs the price. When the price does run it gets halted...why did that happen? The price is up in pre/after market for the most part only to be slowly decreased during the official market time frame. Looks like serious manipulation...but again why? I like to use charting but in this case when the indicators point down it is tough to sell because of pending news. I know...maintain a core..haha! IPCI must have disappointed some major players the past few years. Potentially this could be a big gainer and that makes me wonder about the price. Because its Canadian? Because it is less than $3.00? Because IPCI has never delivered?...whatever..it has become a show me the earnings investment!
The price reaction IS strange. Before yesterdays news I thought that the price was not responding to the volume. Thinking further about it lets say that the MM was doing his job and was creating an orderly market and not letting IPCI get too expensive because another stock offering was in the works. I have had this happen to me before. Since that time immediate cash concerns have been taken off the table...no dilution! Charting wise the stock is overbought but too many positives to sell....so I think that the price should run up. GREAT BOARD BY THE WAY....good luck longs!
Serious money? 7,450.000 shares traded yesterday! 25% of the total outstanding shares...and the next day a few thousand shares makes the price drop 8%. I am just thinking out loud about my perception of the MM.
We all know the potential...we know the challenges..but the MM who controls this stock really know how to keep any gain "short or long" in his favor. If you blink you lose....the golden cross is coming so we hold.
Curious price action though. The stock was running up friday and halted. WHY??? Went up after hours...where in my opinion only the MM made money. Monday pre market the price is dropped almost 20% and then 7 million shares are churned holding the price...today pre market the price is dropped almost 8% on 10,000 shares...something is very shady here.