Greetings, No2 and the ELTP board.
It has been a while since I have logged in and perused the board, but I must say I absolutely love your posts (as well as a few other natives).
Here is what I have to say:
The Lincoln Park Funding has terms of share price they may execute at, which even the first "step" is above where we stand. I believe the first price allowed is 15 cents if memory serves me correct, and the rest climb all the way to 40 cents. So, the price must have some sort of catalyst coming if Lincoln were to agree to the terms--why sign a meaningless contract.
Next we have our givens....Multiple pending aNDAs, multiple approved aNDAs awaiting transfer, reformulated Sequest and pending meeting with the FDA.
Then we have on our business front:
1. Employees are taking a substantial amount of their pay in stock, whether options or otherwise.
2. Employees are tightly gripping their shares. FOR INSTANCE Nigalaye (Ashok G)
owns 9 million dollars worth of ELTP or10.74% of the company, alone.
4. We have a tremendous deal with Glenmark that puts us on the distribution map --- big time.
5. We have an established partnership with Dr. Reddy's and aided the FDA when they needed a company to produce it in the shortage. Which through Dr. Reddy's it opens avenues for communication, hearsay in the industry, and future distribution/manufacturing needs.
6. I'm inclined to believe there is "behind the scenes" action, with the new gentleman, who was involved in the buyout of EPIC....Who was also affiliated with Humanwell--- and Humanwell being affiliated with SunGen our other developing partnership, if my memory serves me correctly.
7. We have many CTO's expiring over the next few years.
Seems like the dominos are almost done being set up.
2020 vision IMO. This guy right here has been loading for ages and am now positive from averaging down and accruing all I could under 9.
Love all ya fellow longs
