[b]I hate to advocate drugs, alcohol, violence, or insanity to anyone, but they've always worked for me.[/b]
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Couch, Elite's second shift is all a fantasy. Even if they had a second shift, which they do, they do nothing but play Texas Hold'em.
The North Vale site doubles ae a nightclub/ casino at night.
This is not your typical start up pharmaceutical. This company is thinking outside of the box!
So any logic that anyone concocts without facts is applying ones own logic. Oh I get it, that means it must also apply to the person
pointing that out as well. LOL LOL
Hollow long candle indicating buying pressure.
Yeah.... the Elite execs just walk in the meeting door and ask one question. The FDA says "yes" and that's the end of discussion.
Elite execs walk back to their vehicle and leave.
Seriously nammy?
Reality check.... there is a serious discussion as to solutions to
a CRL between the FDA and the pharma. Yes. the FDA does give guidance on what the pharmaceutical may need to accomplish during testing. What options are available...
Elite had 3 solutions.... of those 3 the FDA liked all.
It is not cut and dry as you propose it to be.
GOLDEN CROSS = BULLISH!
Oh don't you worry about little ole me. This must be the giant dead cat bounce before 2 cent shares. LOL
Patience nammy. Patience. As the 50 and 200 day get closer.
Could be nammy, but I highly doubt it will stick this time around.
First it was just a labeling issue. Now it is persistent safety concerns? Can't make this stuff up. There was only ONE "safety concern" and that was the Tmax issue for "Zombie" SequestOx.
Pretty soon we all get to see what the FDA does with the new data.
There are some that speculated about BE studies completed earlier.
BE studies that have nothing to do with anything Elite currently has on their docket.
I believe shareholders will get an answer soon. Among the ANDAs filed will be the nod for Percocet.
There are other speculations about the FDA not wanting just one pharmaceutical having a monopoly on a tamper resistant formulation of oxycodone. Could Elite/Epic (PuraCap) be one of those pharmaceuticals the FDA gives a green light to?
Golden cross coming.
Thanks mrwrn. A rejection is a rejection simple as that. Some formulations are just unfixable. They don't live up what the manufacturer claimed.
Since Elite met with the FDA and cited 3 means by which they could get approval with SequestOx, the FDA in turn gave them guidance as to the best approach to getting that approval.
We are in the midst of seeing those results very soon.
So the FDA no longer flat out rejects ANY submission?
WRONG! They still flat out reject. No CRL needed for something unfixable. THAT is a matter of FACT! Not fiction.
The golden cross approaches which is BULLISH. Elite is getting
CASH they need for something. What could it be namtae?
Could be just the positive BE data Couch.... but something tells me there is also another thing going on.
All in all a positive no matter how one looks at it.
Hope my gut feeling is right about this. If the company were in trouble insiders would be dumping out.
Nothing of the sort.
Elite needs cash for something. NH will not disclose this during a Q&A either. He holds everything close with a poker face.
No tells.... not even in the 8K.
Complete response letter is not in any way shape or form a denial.
If the FDA said NO without a CRL then Elite would be DOA with regard to SequestOx.
Golden cross approaches..... wonder what it could all be about?
Certainly not solely about SequestOx BE results......
My take on this is that something else is afoot.
Something else looks to be going on, and as per usual NH holding his cards close to his vest.
Since Elite cannot manufacture the cash they need they have to go it another way. They need the cash for something.
What could it be?
Golden cross cometh. No denying that. Very bullish if it happens. Looks to be soon too.
Hmmmmmmmmmm...........
Sean "Puffy Combs" Spicer.
Agree. It will be interesting.
And very lucrative.
Lasers, NASDAQ has brought up some very good points as to why
Elite could take off in the near future.
After thinking about some of these points NASDAQ listed I would not be surprised if Elite forms a partnership soon after SequestOx gets approval.
Big things have a very good chance of happening with Elite Pharmaceutical. We as shareholders just need to be patient for a bit longer.
NASDAQ, I believe you are 100% correct as far as how fast and large this gets.
If Elite partners almost right away once they get SequestOx approval I think the implications could be enormous.
Got some dry powder on the side. Looking to tag more into my Roth
soon. Would love to max out this year before July/August.
Maybe things will pop before then with Percocet and Norco.
$0.02 cent shares coming NOT EVEN if SequestOx is a bust.
Elite would have to be in serious trouble with their current revenue generating generics..... and that ain't happening anytime soon. In fact those revenue generating generics continue to only grow.
Next up Percocet.
BTW, have the SunGen trials started yet for one of those generics?
2 cents per share...... in someone's dreams. ROTFLMAO!
Guess what? Purdue, the run again market leader.... was WRONG.
LOL LOL
But but but I thought Purdue Pharma had the answer and that Elite was just "run again" technology. LMAO~!
Yes, manipulated up to $0.97 in February-March of 2014, then riden all the way back down to $0.20 and now lower.
Someone made lots of money shorting Elite all the way back down. My guess, overseas investors that can short stocks like Elite. One may be able to do it with a Canadian broker as well.
One day soon there may be a few that underestimate Elite. My sincerest hope they do take Elite with much disregard.
No doubt that the 200 day MA is getting closer. Also looks to be pretty much on schedule.
My thoughts also PH4RM4. Just plunked a tiny bit of money in my Roth. Hopefully I have enough time to put the whole $6500 into Elite. That would about do it for me. Then I sit back and wait.
Public pressure is being put on the FDA because the abuse problem is just THAT BAD.
RoxyBond tells me reformulated SequestOx should have no problem with the FDA.
None.
RoxyBond is a lame answer to a pressing problem.
When SequestOx comes to the market as the de facto standard for IR ADF prescription opioids Elite will very easily be able to do things organically. Percocet and Norco will only add to present revenues. Should Elite also get OxyContin that will also add to the coffers. SequestOx will be the cake on which the icing and cherries
rest.
First come the launches of Percocet and Norco, final approval
for SequestOx, revenue ramp, then we can talk share price.
PuraCap could be just the partner Elite will deal with.
tit for tat
butter for fish....
Like there's a REAL big difference Todd DiLaMuca.
Go to Yahoo. Check out stats.
TIA
Correction 918 million shares outstanding. 80 million short of 1 billion.
Most companies don't have multi billion $dollar$ potential.
905 million OS currently.
It is amazing how companies that have absolutely no revenues and only their PIP get valued at such a high price. It has already been
brought to light that if Elite were strictly an R&D company with no
products generating revenues with which to sustain itself that Elite might be valued differently...... as in much higher a price per share. As I recall both Jerry and Nasrat had brought this up at times.
The market is what it is.... fickle.
SequestOx once approved is highly likely to be a dominant formulation given the circumstances of the current prescription
opioid abuse situation country wide.
Unless there is a way to safeguard current prescription opioids such that only the patient can take them it does not matter who prescribes them or fills the prescription. The abuse will continue
and only get worse. Pharmaceutical companies that manufacture these
drugs know this.... furthermore they don't care about the collateral damage. Only thing these companies care about is money
made from the sale of these drugs.
As for the magical way in which only the patient can have access to pills without some technological highly expensive safeguard....
there is none. Probable that there never ever will be any such solution.
Best solution to date is the technology Elite has. Once pill poppers figure out that they can't get that rush off of SequestOx
they will have to find some other means..... maybe go back to
non pharmaceutical grade heroin.
What's to say there will not be two filed in one Q?
One ANDA per quarter. What blew up in whose face?