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toybaby- You were 5cents faster than me in seeing this. You will do very well. We all will. Thanks for your help here everyday.
toybaby- I agree and I have only been buying ELTP since it was .09.
Sharkey- Size of daily chart has changed. We will be going up this afternoon.
Namtae- I wonder how many states will have to change their minds when ADFs aer the only choice for narcotics. FDA said they will eventually pull all non-ADFs off the market.
New Jersey will eventually vote for ADFs because that is all that will be on the market.
Namtae- Some people like to pay more for ELTP shares after it is approved on or before 14 July.
MMs and short hedges through manipulation and dark exchanges will try their very best to discourage buyers of ELTP. Pay no attention to the SP activity especially at the open of each day. They will drop this as much as they can. Naked shares will approach 40-50% daily. Who in their right mind would short at this point and that is just the evidence you need to figure out what is going on. Why would anybody short so heavily with the FDA approval upon us. Its obvious!! Just make the initial daily drop a buying opportunity and do not worry if your buying and you do not get the lowest advertised SP. They will mark it up for buyers. Good luck.
63,000,000 shares will not affect ELTP. If a buyout then all the shares would have to be bought, even those authorized shares in reserve. Second, at 5,000,000 shares daily average it would only take 12-13 days to sell those shares. Finally, I believe Lincoln can only sell so many shares at a time.
jtf3- With naked shorting approaching 40-50% daily as we get closer to July 14 from MMs and with a tremendous amount of misinformation especially over the last 3 months, all in an effort to keep ELTP out of the news and off the front page even in light of year over year improved quarterly results even without Sequestox, to be at .33 or 400% gain, says a lot. It says were in great shape. This stock will fly soon. Hope you have bought all the shares you can afford-otherwise you're in trouble.
In any case it would be stupid for Lincoln to sell these shares before the FDA approval. They will begin selling these shares after FDA approval while ELTP is spiraling upward. These shares have not been flooded on the market immediately after the were acquired.
Aqua- I would agree that $38.00 is achievable over 5 years if if if ELTP is not bought out. Why would anyone buy ELTP if they did not think they could make money. Buyout price now $7.00- after approval and Sequestox on tne market- $15.00. 17 more products- at least $25.00. No body is going to buy this unless they see minimum double profits- $50.00 ( on paper by then because ELTP will have been sold)
The markets make money on volatility and without volatility nobody makes any money. Although Britain is a small trading partner and surely really does not affect the OTC and especially not ELTP, the MMs will take advantage of this and try and push ELTP down today because they have a built in "excuse" to do so. It looks logical because everything else went down. But with ELTP they will try to double down. Pay no attention. ELTP is worth more today than yesterday simply because we are one day closer to FDA thumbs up on SequestOx. This will be a great buying opportunity.
jtf3- You must standing on your head.Of course that would help the blood reach your brain.
Neophius- The news has always been great. The last 10 quarters that I can remember have always shown an improvement. I cant remember a down quarter. So every single time the results are outstanding and a CC is done the MMs start under cutting the bid with a minimal number of shares. Same pattern every single quarter on great financial results. Hmmmm, this game is played over and over on the OTC. However, the Supreme Court is slowly closing in on naked shorts that are illegal in Europe. I would suggest you move to the Bahamas before its too late.
Namtae- Thanks for supporting your long position on ELTP with the FDA. Of course, this point has already been reviewed and has already been factored in to the rising SP that is occurring day by day. Only 12 shopping days left til Christmas.
namtae-Thanks for quoting your long position about $2.5 million dollar payment. So I see you are forgetting that it is part of a signed contract and just a fulfillment of that part of the contract. If someone is willing to pay $2.5 million upfront without one tablet of Sequestox even being produced with another huge payment after ADL designation then that speaks volumes about the true worth of Sequestox and your logic is totally way off the mark to put it nicely.
Dr. Thorfin- Very nice post! Leaves no doubt Eli200 will be approved.
Jules- They were straightening out the mess from the last few days. They have to balance the books among themselves when trading all those naked shares. Remember MMs have at least two sets of books on every stock- one among themselves and one on the market. Then they hit the easy button and those naked shares are all flushed off the books.
When you see a sp like .30529563241 then you know they are trying to balance out the naked shares between MMs earlier this week. They are only suppose to show the sp as two digits in this range.
Dr. Ninja- Yes, they are running out of shares on the ask. Problem is they just went the well of naked shares a couple of days ago and now they are going to have to go back to that well of naked shares again. They are losing control. We have almost gained back everything we lost earlier this week already and its only Wednesday. Too bad for those that sold outright earlier this week. Please no stop loss orders.
It is really significant for ELi200 that the advisory committee voted 6-9 against the oral route of AL-02 for an ADT label. The committee did vote for the ADT label for nasal and IV use. AL-02 did get some support for an ADT label but left the door wide open for ELI200 on the oral route where the big bucks are. The committee gave AL-02 a back handed compliment and left the door wide open for ELi200 as the best in class, best of breed, and gold standard.
If Vantrela is good we will make it for sure!!!!!
Utamaro- I certainly agree about Purdue and all the trouble that is coming for them. You nailed that. We are just going to have to rely on Nasrat and his superior knowledge about big pharma to make the right choice as to who to sell out to. Purdue will at least help in raising the overall bid for ELTP anyway. You and I will do very well in the end as will all the other longs. I enjoy reading all of your posts. Thanks again for being here with us longs.
Toybaby- I am a true long. Both you and I are longs and will make a nice profit with ELTP, one way or another. The Chinese are not a scare tactic. I probably won't see this happen in my lifetime but you might. This is why the Chinese could care less about how we feel about what they are doing in the South China Sea.
The Chinese are trying to take over the economic base of America, one company at a time. Not only do we owe them trillions of dollars in debt but they will own the economic base America would use to pay back the loans. While the Chinese are busy with their goals our banks and MMs are busy trying to naked short our economy out of existence. Our only choice in the end is to handle over the keys to America. This is a long time down the road. Currently, because the Chinese are involved in ELTP the cost to buy ELTP went up by a very very high amount. Purdue and Pfizer made a huge mistake by not buying ELTP when they had the chance by making a good offer instead of trying to low ball ELTP. Now they are in serious trouble because the polymer coating and manufacturing process is what is the most important. Can be used on almost any drug. They got outsmarted by the Chinese and will pay a big price. Nasrat is coming up to a major decision for our economy. Sell to the Chinese or not? We longs will do very well.
Sharkey- There is a good chance that both Pfizer and Purdue will try to buy ELTP. The cost will be very very high now with the Chinese already involved through EPIC. The Chinese also want in on the narcotic market. If the Chinese buy ELTP they will not sell. The Chinese never sell once they buy an American company. Just recently remember the Chinese effort against Marriott. ELTP will probably sell for 4-5 times its best value.
At this moment in time the purpose of naked shorting is prevent ELTP from going up. They want to keep ELTP out of the news and unnoticed so that they can accumulate as many shares as possible without being noticed. Typically, they make ELTP a boring uninteresting stock on the surface. WHat can be more boring than .30 for at least the last 2 months. So the SP is used to misled what MMs and others are really actually doing under the surface and beyond just the SP. Over the years myself and many others have stressed the SP means absolutely nothing on the OTC. Yes, anybody trying to legitimately short ELTP is nuts at this time because of all the good news that has been a subject of this board. With naked shorting you can destroy a stock like Overstock.com almost was. Its simple sell high and when the stock goes bankrupt--never cover. But there other very subtle uses for naked shorting especially as it pertains to ELTP. The nice thing about naked shorting is there is no increase in the number of actual real shares for many reasons. One, if traded in a black hole, it is never accounted for by the SEC. Two, these naked shares are just flushed at the end of the day by hitting the Easy button. Everything looks the same at the end of the day. At the microscopic end of this just realize that a super computer can make trades extremely fast and can make 1/10th of a penny profit in a microsecond. Now throw in a little naked shorting (costing absolutely nothing) to stretch the difference between the ask and the bid by just 10ths of a penny in a microsecond. Do this 24/7 nonstop for one year and you have made millions out of thin air. Once you understand all the tricks of the trade on the OTC you can make lots of money instead of just giving up and selling (weak hands) because you did not make millions of dollars in one week. A classically trained broker will never understand the OTC.
It depends on what hedge funds you are talking about. Normal legitimate hedge funds cannot usually invest in ELTP or OTC. However, their are short hedge funds that operate out of the Bahamas and other offshore sites using black holes that specifically target the OTC because of the lack of SEC oversight. They can get away with practically anything. These are the groups which hurt ELTP but not for much longer.
Putting things in perspective- Yesterday Lasers noted 52% naked shorting. With 29 days or sooner for FDA approval this signifies desperation on the part of MMs and the misinformation gang. With at least 2 months at .30 that is a very solid base. IT is not going below .30 before the FDA approval. There are short hedge funds who have tried their best to bury ELTP that are now trapped somewhere between .06 and .30. I say .06 because that figure keeps popping up and represents an original goal for shorts that is now impossible to achieve. I expect naked shorting to hit 65% before FDA approval. All of this is an effort to get you to sell shares. They have created a false situation in which they can say the stock has not gone up in two months. So how good can it be? Longs know this is far from the truth.DO NOT SELL SHARES UNLESS YOU HAVE TO PAY THE MORTGAGE. Big pharma has got to come knocking at our door. THe patented polymer and beads as a manufacturing technique can be applied to any ER drug. Current polymer coatings for Purdue, Pfizer are coming up short. On top of that we have Eli200, best in class, and many others to follow. If you have held for 7 years what is another month of working days.
Yes, 52% naked shorting and they lost the battle today. Before it is over and we get FDA approval I would not be surprised to see naked shorting hitting 65%. It could only be naked shorting because no legitimate short would even consider shorting ELTP at this point. They need to be trying to cover. It is so obvious looking at the chart when the naked shorting occurred. It cannot be more obvious. Any SEC agent with half a brain could see this.
n2k- I second that!! Another well thought out post. I would also add in the reverse direction look at how much KMPH dropped by not getting the ADF designation. The ADF designation is a gold mine.
n2k-Nice post. A while back I mentioned I thought Purdue was going down because they missed out on Allergan and Botox in addition to everything you pointed out. I think Purdues only hope to prevent getting squeezed out of ADFs and the pain market is to acquire ELTP. But guess what the ante just went up a whole lot of money. They missed the smart move by not getting EPIC. Time for firing the CEO and reinventing themselves. Gee, I wonder how many billions it will take to get ELTP now?
Well, the closing of the acquisition of Epic by Humanwell is the last nail in the coffin for FDA approval. Humanwell would not have acquired EPIC without certainty that ELi200 would be accepted by the FDA. Acquisition of EPIC was as close as any company could come to getting a piece of the action with ELTP and ELi200. Remember Nasrat was on the board of directors for EPIC. I am sure he got a nice little bonus for that plus he gained an international distribution for Eli200. As Couch always says- the perfect storm. Rubio heading panel on Drug abuse in the news today.
It takes several doses of Naloxone to over come a Fentanyl injection. My experience has been 2 or 3. You cannot overdose on Naloxone. The worst combination which is just being discovered by addicts now is Fentanyl and Suboxone combined. It gives you a prolonged double high. That combination is really hard to detox. IV Dilaudid is much easier to deal with.
I think TEVA is on June 6 or 7 and Pfizer is on June 8. So anytime after June 9 would be great with me.
No one is dumping shares. Short hedges and MMs having a hard time keeping the sp down and can only do it with naked short shares which get flushed down the drain. We will see increasingly large amounts of naked shorts as we get closer and closer to 14 July. I hope the FDA will unexpectedly give us the green light so that shorts can be caught with their shorts down to their knees.
Its the only thing Purdue could do to remain viable in the ADF market as Pfizer tries to dump them as well. They could get locked out entirely. It seems all big pharmas realize how good ELTP is now and they know they are in trouble. No competition for ELTP.
n2k- If I am not mistaken it seems Nasrat mentioned at one time offers were made but they were too low which is why Nasrat did the poison pill and probably why he got the 3 estimnates done a long time ago as well.
n2k- I know and I agree. I have tried my best to make sure longs on this board know whats really going on and I know many other longs like yourself have done the same. Realistically, for now, that is probably all we can do.
Sharkey1- Nice! All of us longs know that ELTP has been subjected to a tremendous amount of naked shorting, a tremendous amount of misinformation, and false rumors for years. This ruling will really directly help ELTP. Obama has tried to address this issue for years without success. Naked shorting is outlawed in Europe already. I hope the SEC will do the right thing but like the FDA(although getting better here and cleaning up their act) they are bribed and their rules are really stretched a long ways. The excuse is always we do not have the manpower to address these issues with small companies. ANybody who follows the OTC can see blatant black white outrageous manipulation. If we can see it day in and day out how hard can it be for the SEC.