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Hard not to notice the selling continues.. surprised to not see this morning's news trigger higher volume/price... good progress but not much impact.
Again a big seller.. just amazing! It’s fairly clear this isn’t going anywhere until this big seller(s) are gone. Just unbelievable. I’m sure I’ll hear contrary but seems pretty factual.
question remains: Who is selling and why? With all the perceived progress.. doesn't make sense. There has been a large seller for some time. IMO, They know something...
Yes, I understand. My primary issue is what I consider a pattern of lack of transparency. Particularly as it relates to setbacks. IMO this is vary typical with pennies. There are some who know and are able to adjust their trading, i.e., buying, selling, accordingly. I am long.. but IMO I also can see someone(s) have known something(s) that has caused them to sell shares. it will be interesting how much is disclosed on Monday about Seq.. based on the report it will be the same story nothing new "waiting, waiting" .. I was hopeful this company was different and there truly was something brewing that would be a complete surprise to the market to the upside. But the trading and behavior by the company is unfortunately saying something to the contrary.
I see you've had to drop this one from the list:
Elite Pharmaceuticals Appoints merger and acquisition specialist Aqeel A. Fatmi, Ph.D. to Its Board of Directors
it is interesting the appointment was important enough for a PR. However, the resignation is hidden in a 10q report.
IMO, this is not good.
Becoming more apparent why there’s been a large seller for some while.
There can be a lot of conjecture on what is holding the stock down. However, it's fairly apparent there is a seller who either doesn't believe there will be any significant news or knows there is something amok and hasn't been shared with the general public. I've seen it over and over with these pennies. As I said I sure hope the company has something significant that they've carried close to the vest. But sure doesn't look that way. IMO the continued silence on the status of SequestOx has something to do with it. Sure hope I'm wrong, but come Monday if we get more of "we haven't heard","not a clear path forward" etc. etc. it will be telling.
I am long. But I do think there is something holding this back, there is a fairly large seller(s) that IMO knows something. I wouldn’t be surprised if it was some undisclosed setback.
It would be nice to see some surprise news. So far the recent news has been good progress but nothing really significant towards earnings.
actually looks like seller still around.. just moved the ask up a little.
good luck.. looks to me like someone knows something and its not good. Sure hope that's not the case. But the silence from the company is not helping.
seems like there is a seller with a large block at these low prices, which makes ya wonder.
My question for ceo is fairly simple:
How do you explain such a miss on the below statement made on last call? Further, based in these simlpe misses why should shareholders believe you on any other forward looking performance?
“For Methadone we intent to launch immediately within the next few weeks”
“For Percocet it's probably the next few months.”
what did we get?
Wonder why no response to yesterday's news. On August 10 CEO stated the following:
“For Methadone we intent to launch immediately within the next few weeks”
“For Percocet it's probably the next few months.”
This continues to be a joke. Approvals mean nothing without corresponding launch/projected revenue streams.
IMO the problem thats holding this back is no updates on the launching of the approved drugs. If they can't execute on getting approvals to market these test results are meaningless to the market. Credibility issue.
bought more. couldn't resist, who knows what's going on. But can't believe its all bad.
This is getting to be ridiculous. Why no update on marketing of approvals. On August 10 (now two months ago) CEO stated the following:
“For Methadone we intent to launch immediately within the next few weeks”
“For Percocet it's probably the next few months.”
No updates, etc.. no wonder the stock is dropping on large volume. Talk is cheap.
Promise?
Curious did you start your class action suit you said you were going to do if nothing was released two weeks ago? Seems you’re a bit over due
I have to say I'm surprised they don't have a deal for marketing/distribution of Persocet... you would think those negotiations would have been started well advance of an anticipated approval.
Really? Oh my... I bought more last week... better get my sell order in first thing tomorro... hope it doesn’t tank to much before I can get out... thanks again!!!
thanks for your assessment.. appreciate it.
was there another gap?
this is staring to look interesting..
Did the gap fill today?
weird... just traded at .12 with bid and ask below that..
that would be nice... need some heavy volume..
just relax... it will find it's way north.. just sorting it out.
I am thrilled with this news.. however, kind of wish it wasn't on a short trading day followed by a holiday... kind of a dead week for the market... oh well..
looks like someone wants a chunk of this.. this morning.
what the status update on SequestOx
yes.. you should
Thursday/Friday... I don't like the fact they are releasing late Thursday with a call on Friday... usually that timing means the message isn't going to be too positive... oh well..
thanks for letting us know...
bought more here... just wonder where the bottom is on this, seems like there's not stopping the leakage.
Yea, I took some of it.. but have to admit was surprised to see that amount available.
wow... lots of shares available down here.
it looks to me like this stand off is going to break soon to the upside... I may be wrong.
thanks... good post
thanks good insight...