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Blazin-Saw that too. Dropped to .16 cent gain then popped right back up Shorts are now in the ICU on oxygen support. Could also have been taking out a stop-loss order that had just been placed near the end of the day.
They want to get as much cheap ALPP before it goes on the NASDAQ where this garbage will stop.
As soon as Nas decides to wear one hat instead of two hats, ELTP will be a big winner.
Penacle- You are correct. Nas just needs to cleanup the loose ends between Mikah and Elite and get everything under one roof. We still need Mikah for a little while longer. Once everything is cleaned up and we are on the NASDAQ everything will be great.
Hi Couch-Glad your back. You were practically the first one here on this board. Then early on I came along. Just glad to hear from you.
Razz-This is very old fake news which has been debunked over and over. Please, can you come up with better BS than that.
Yes! Yes! What is wrong with this quarters earnings being more than 2018 and 2019 combined. I am sure looking ahead to the next Q. Thanks, N2K.
rdfdr1- Absolute total unfounded rerun of old ancient recycled BS.
Just another step towards a buyout.
As I mentioned before, this company cannot be bought out in some form or another without Nas getting his conversion shares. Period. Now that Nas has his shares the opportunity for the buy out go up exponentially.
aElmTPA- Competitors are dropping out because our Adderall is a much higher quality product and our bead process is superior. Actually, a vote for an increase in shares will speed up the buyout process.
On Morning Joe this AM China is threatening to cut off medical supplies and drugs if Trump does not withdrawal trade barriers. China is pushing back where it really hurts-medications and medical supplies. ELTP is an American company in America. Its manufacturing ability is becoming extremely important and because of this its value goes up everyday we are in this crisis. ELTP can manufacture drugs beyond its current products and may be called to do more especially if the FDA loosens its restrictions and quotas under emergency shortages that we have already seen with Adderall. ELTP is manufacturing high quality products that according to recent patient testimonies are better than products from TEVA, etc.
I hope Nas will implement a share buy back program rather than doing a RS with all the extra money coming in very shortly. Everyone who is short will not like this.
Eltp has been an interesting ride. I will just lump the shorts , fund's, and all others as dark money. Since only about 20% or less of all OTC companies ever make a profit that means dark money has an 80% chance of being correct that an OTC company will fail. That’s easy money. Usually the tactic is just to short the company to death or bankrupt it. It has got to be very very frustrating for dark money that ELTP has escaped their clutches as they had ELTP on the ropes and on the verge of bankruptcy. Nasrat and his experience was a gift from heaven they did not plan on. Jerry made a wise choice and it was off to the races from there. I have always maintainedEltp will be bought out because of the number of shares Nasrat has and his age. His goal is to become a billionaire in life and he is almost there. Nasrat most of all knows the true value of ELTP and it is not .10 cents. N2K is correct in that the current SP means nothing . I have always said Buy and Hold. GLTA.
N2K- I agree- you must have BR before you can have TA.
CMDawg- I would expect a bear raid one or two days before Adderall ER official announcement that its going on the market. Dont use a "stop" or "stop loss". So if there is a bear raid that means we are very close to good news.
Sequestox will not be that expensive because the manufacturing process is far less expensive to begin with. Plus I am sure there will be incentives to market it. The government may even subsidize it because it will lower health care costs in the long run
ELTP investors are smart and did not fall for the fake news yesterday. Lets see what they will come up with today to try to get smart eltp investors to sell their shares. Just take advantage of the buying opportunity as I and many did yesterday.
Fake news- I have seen this many times before. They get paid to just make the announcement but nothing follows and nothing happens. SP above .10 and they will try anything to bring it back down. Shorts getting killed.
rocioyoga- That's right -dark money wants in before it goes up but they want to give the appearance that nothing is happening so the SP does not get away from them. They are buying but do not want to give away the fact that they are buying so the volume is there but they do not want the SP to change and go up before they are done.
Bubba- That is called accumulation by dark money at the cheapest SP possible they can get away with. Dark money wants you to sell when they are buying and buy when they are selling.
I think the only reason Nasrat has not started an investigation as to what goes on here with dark money is that at this time it is not slowing down or impinging upon immediate future plans. That may change if he focuses on getting on the Nasdaq and our share price does not reflect the true value of the company. Of course, right now it does not but it is not a problem. The other reason he would do nothing is if he were planning on selling the company. As N2K has so eloquently explained the SP means nothing to the value of the takeover price. He would get several estimates of the true value of the company as he has done in the past without regard to the current SP. I like the SP now because I can keep accumulating shares at a cheap price with tremendous upside potential whatever Nasrat does.
Getting off the OTC will more than makeup for any initial shorting.
I think the other advantage is that it opens up more manufacturing space. there is a lot of competition in the narcotic business already and profit margin is going down. Nas is right in trying to avoid this sector in terms of lawsuits. In this area there is still a lot of politics to go through. I think Nas just wants to avoid all of that. Glad were are keeping Sequestox.
I am not sure that all the Adderall manufacturers make an extended release product. We are only 1.6 million dollars off the mark. This will easily be overcome in the near future. This company has come a very long ways to get to this point. With the approval of the extended release Adderall I am thinking a buy out.
imanjen- Nice estimates!Very realistic projections!
Revenue over 3 months increased roughly 3.5 times. Revenue over 6 months doubled. Damn Good. The future looks extremely bright. Page F-9 of 10Q.
Looking at things a little differently, the recent little run we had could actually be based on the sudden availability of shares. I just feel like the MMs are discouraging any movement forward. Only under extreme conditions do they decide to increase the S/P.I know arguments can be made from the naysayers that the market shows little interest in the need for shares but it was interesting that when shares were available how fast it went up when the MMs let it go. The future is very positive as ELTP is greatly undervalued.
Namtae-Wheres the proof???????
ElmPA- This was a good find and probably explains the letter sent by the FDA looking for input from ELTP regarding ADF's. My thought is that everything that can possibly be done should be done to save even one life.
imagen13- You could be right but I would not be unhappy with a little pull back from yesterday's activity. There are a lot of eyes on ELTP now. Let this sink in over the weekend then with a little news next week we are off to the races. ELTP is still cheap by all accounts. But like you said lets see what the MMs do the rest of the day. This is just the beginning.
Dr. L.-Only in the areas where they manufacturer competitive generics. However, the bead process could potentially be used on any extended release drug.
If the FDA gives thumbs up for extended release Adderall which has passed the alcohol dumping test, then approval for Sequestox should be automatic. We already know Sequestox will pass easily with flying colors. The great value of Elite is that they can manufacturer these drugs 90% cheaper and that they have the patented 2,3,4 bead process(or however many they need) which will put BigPharma out of business anyway because this process can be applied to many drugs beyond just Sequestox and Adderall.
I see the old inverted chart trick again. May have something to do with a computer program glitch? Anyways, since the FDA has lost there source of bribes, the FDA is about to become BFF with ELTP just to cover themselves and look as if they are the knights in shining armour for approving Sequestox to help with the drug crisis which should have been done years ago when it was essentially approved already back then except for a labeling issue which could have been easily solved. Long sentence long story. Then FDA directors changed and here we are today. ELTP is so grossly undervalued it would have to be close to $1.50 to even begin to reach fair market value as these new drugs come on line thanks to the new found generosity of the FDA.
imanjen13- You are correct. All the strategies by MMs to scare people into selling have failed. Whats left? How about being honest brokers and raising the SP!!!
Dr. L. Did you misread my post as well. I can see how it might have been confusing because I did mention ELTP getting Sequestox approved by the FDA. But the point was that eventually this will come full circle and end up in the lap of the FDA. This morning early on Morning Joe even they discussed extended release Percocet as being approved as a way of getting people off of drugs. Even they wondered how that could have happened. The FDA will come more into focus as the Big Pharmas are prosecuted.
Dr. L.-It was not specifically about ELTP but more of how Percocet got approved through the FDA and all the shenanigans that went on. This book was talked about on this website and forum several years ago. I have a copy and will try to find it.
Yes Dr. L. -a whole book. By the way thank you for all the cheap shares I have accumulated.
When the big bids just pile up and are not being filled it will look suspicious and eventually the MMs will be pressured into raising the SP and do their job like they are suppose to do it. No shares for sale -inc the price. Simple. Manipulation at its finest.
Because they were convinced by Big Pharma with bribes and kickbacks. There is a whole book written on how Big Pharma did this. The guy that promoted this within the FDA ended up quitting the FDA and working for BigPharma.