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We are lucky to have Nasrat as our CEO. He did us a big favor by "not" giving us a PR on Friday. I am sure that would have led to a selloff for no reason. Nasrat waited til he knew exactly what the problem is. He will tell us Monday, 8:30 am before the market opens to prevent a ridiculous knee-jerk response by uninformed shareholders. By preventing an unjustified selloff because of a minor problem, Nasrat has been a responsible CEO. I am sure this caught Nasrat off-guard as JL suggested but he has made every effort to find out what the real issue is. I believe it will only be a short time and Sequestox will be approved. After all many of us longs have waited a long time and a few more months will not be a big deal. I believe Embeda, as a product, set the bar very low. However, because Embeda was literally re-manufactured and therefore came with many many additional studies and research trials and Sequestox, being the gold standard, having many fewer studies because the results are so good, is one issue. A CRL is done by the FDA to help ELTP get Sequestox certified by the FDA. I will continue to buy, hold, accumulate.
MMs playing this for every last penny they can get.
Namtae- You OK???
My guess is that we will have 2 PRs in a sense. One for the FDA and one for the disposition of ELTP. Nasrat has always been very forward thinking. He has not been sitting in his hotel room twiddling his thumbs while waiting for the FDA blessing. My best guess is that when EPIC was bought out and he was on their board that that was the time Nasrat decided which direction to take ELTP. He has been working on that ever since.
How can the results speak for themselves when the results won't be in til around noon. Nasrat was notified yesterday. We are notified today.
The longer they wait to post FDA results the more likely it could include an extra announcement concerning a buyout at the same time. Who knows today may have been the last chance to buy ELTP. Hope not!
Couch- Thanks. Hopefully this time it sinks in.
Mazeppa- My sentiments exactly.
ticketron- MMs doing their best to accumulate shares without setting off a stampede. May turn green at the end of the day during the power hour.
ticketron- I could not agree more. Good luck to you.
As I warned earlier this AM MMs are trying their very best to keep the SP as low as possible before the FDA announcement. They trick you into thinking the announcement will not be good and they accumulate more shares. By lowering the SP even more they get an automatic bonus of .04-.05/share on top of the new SP set after halting trading. They are very persistent and very greedy.
N2K- Thanks again for clearing up the confusion. Someday soon I hope I can meet all the great longs who have helped bring us to today.
RLSJ84- I would agree and, in addition, say that Lincoln may not even sell their shares until the buyout comes. Why would they throw away easy money that is so close.
I know that but they still exist on paper and must be dealt with when the buyout comes.
The total authorized shares will have to be dealt with whether in the float or not. We went over this the other day. Nasrat publicly stated he had offers but turned them down. Then a hedge fund tried a hostile take over but Nasrat placed a poison pill. Nasrat has guided ELTP to, as I remember, 9 quarters in a row of increasing profit. With the approval of Sequestox he can just ride those profits increasing quarterly until an offer is made for a buyout which meets his goals.
Dilution does not matter one single iota, nada, nothing. This is because with the buyout all shares will be bought whether currently in the market float or held in reserve. The buyer will buy all authorized shares period. The current SP will not affect the buyout price. BigP knows the value of ELTP and so does Nasrat. Nasrat has already turned down lowball offers and inquiries and placed a poison pill. Nasrat has the luxury of letting the Q's increase quarterly until the buyout offer reaches his goals.
I had hoped passing of the Opiate Addiction Bill yesterday + todays approval would have pushed the SP higher. Bill was underfunded but will be increased after the election. MMs with underfunded Opiate Addiction Bill + naked shorts+ bear raid+ taking out stop loss orders were able to push SP down. MMs will try to keep it down til the announcement. BUY BUY BUY BUY til then. By the MMs being able to lower the SP by .04 means that the MMs just got an automatic .04/s bonus on top of the new SP they will set after the trading halt today. N2K and mrmrw2010 were right in that this opportunity is right in front of people and they cannot see it. Those that sold into the bear raid got played and will regret it today.
Major move up coming soon during the power hour.
LTOBserver- Nasrat is the glorious and magnificent Wizard of Oz, CEO of ELTP.
mrwrn2010- Yes, In Nasrat we trust!I feel Nas has known for sometime that we have approval from the FDA.He could have known from when he gave Lincoln those gift shares. He could have known from the recent PR with Humanwell over Sequestox distribution rights. Remember we get a bonus from Humanwell for FDA approval. He could have known when he included funds for the Pediatric research. Or he simply could have gotten a phone call within the last couple of weeks. I am sure Nasrat would have told us if there was going to be a delay for any reason. He would not withhold that kind of information and he would have given us a new date to which to look forward too as well.
AhAh- Fake bids are done to create the illusion that people are selling so no one will buy but sell because there must be something wrong if there is a 900,000 shares for sell. If some one wanted to buy 900,000 shares they would instantly disappear-thus, fake shares. However, in a curious way, lots of huge fake shares are a buy sign for me. MMs are really buying while creating the illusion people are selling. Buy, hold, accumulate. DO NOT SELL YOUR SHARES! This message intended for newbies to the OTC.
Nasrat has the luxury of waiting Q increase by Q increase til the SP meets his goals for a buyout. However, I doubt that he will have to do that. Big P knows the true value of ELTP and it has nothing to do with the current SP.
N2K- I think your last post did it. You caused ELTP to break through .38. Just a really nice post. It was so eloquently stated as usual.
N2K- As always-- a great response. I could not agree more.
You answered your own objection. You implied legitimate offers should be reported. I did not..................
It was my understanding that years ago Nasrat did turn down unofficial low ball buyout offers and in fact when a hedge fund tried a hostile take over after that Nasrat put the poison pill in place. Nasrat does not have to disclose unofficial telephone converstions of off the record feelers. That would be illegal and would unduly influence the SP especially when Nasrat had no intention of selling out back then.
The day to day SP means nothing. All that matters is FDA approval and buyout price. Nasrat is no dummy. He has already turned down the low-ball buyout bids and put a poison pill in place. He knows the true value of ELTP and BigP knows the true value. The buyout SP will not in anyway be tied to or a reflection of the daily artificial manipulated SP.
JJ- No one in their right mind is going to sell shares when everyone knows all you have to do is hold the shares for a buyout for a multiple inc in SP. Not even Lincoln will sell their gift shares when they know all they have to do is hold for the buyout. There are less shares available than when we went from .06-.97 because they have been taken off the market for the buyout especially by longs. ELTP is getting wound up tighter than a spring. MMs to create a market beyond just selling naked shares back and forth between themselves will have to inc the SP by a huge amount.
For the MMs it is a real problem. Actual real shares are going out the door by the thousands "never" to return due to the buyout. Those shares are gone off the market forever.Pretty soon all the MMs will have is naked shares to sell among themselves. MMs will take a bath on this one because this is not a normal market where they usually expect shares to return so they can accumulate.
Zeus0100- All the longs are going to hold for the buyout.
Dr. S.Ninja- Very nice find. FDA is starting to clean up their act and this is another sign that bodes well for ELTP. In the past BP could have setup many roadblocks.
Snup- We would have had an ADCOM meeting if the FDA wanted to tell us any bad news or if just a minor tweak is all that is needed. I am sure Nasrat is just savoring these last days before the official announcement and I am sure he is already working on unofficial offers and deciding what he wants included for the buyout. He might want a board position for instance. Who knows this might have already all been worked out when Humanwell entered the picture because we already know ELTP will get an additional bonus for FDA approval.
Snup-Actually, at this point, Nasrat probably already knows ELTP has been approved for next week. He is just waiting for the official notification.
Snup-You are correct and that big volume comes next week and your wish will be fulfilled. Then "they" will hide and not return for a long while. Finally, Nasrat will deliver the buyout offer and its done.
Steve9465- I totally agree. They have already reset the daily chart size for upward movement this afternoon.
Putting up big sell blocks is kind of stupid and useless. First if anyone put in an order for those big blocks(yesterday 600,000 at .36, then later 900,000) those blocks would immediately disappear. They are just a bluff and fake shares. Second, nobody is going to notice those blocks unless you have Level 2. If you have Level 2 you have a lot of experience investing in the OTC. So, you would understand why those blocks are there and they are really bullish- An experienced investor seeing those big blocks would buy, not sell. Big blocks to bluff people into selling aretotally worthless because the investors they are aimed at would never see them anyway. To me, they are a buy sign.
Namtae- Glad to see a change of heart. Buy all you can now. I know you have been very cautious this being the OTC but every once in a very long time a real winner comes along. ELTP is it.
As I mentioned yesterday and others like RLSJ84 experienced, buyers will get played a little by MMs. You will get partial fills and then they will raise the bid. You will have to chase the SP a little. Put in a limit order and give yourself a little room on the topside. As things get hotter it does give MMs a little wiggle room. Compared to what will happen after approval this would be nothing. Now is not the time to squeeze every share out of tenths of a penny. The goal is to just get the shares.
Dr. Ryan- I have followed you a long time and wish I was 2 cents smarter like you. Thanks for all the posts you have made to help on this board.
RLSJ84- Glad you had the dry powder to buy. I bought more last week. Exciting days are ahead. Nas will decide to sell ELTP. Recent evidence is the 63,000,000 shares he gave Lincoln literally as a gift. This also indicates he knows the FDA will give thumbs up. Lincoln will sell those shares after the runup and not before. When the buyout comes all the shares will be bought, even those held in reserve now. So the share count won't matter anyway. Nas will do well in getting us a nice price for ELTP. He has already turned down the lowball offers and big pharma knows its going to take big money to buyout ELTP.