You Buy Into Fear, You Sell Into Greed.
Look at this as a gift from the heavens...you have a chance to accumulate more shares in a company with a real business plan. No "bubble" here. The press releases and the bashers can scare the beejesus out of the investor that has his kids college fund invested in an OTC stock. So be it, they probably have no business investing in it anyway. Lodrane is quite safe and there are a number of brands that use the key ingredient that are NOT banned by the FDA. The ingredients in Lodrane are not what are being banned. It's the brand name that pre-dates 1962 approval that is not approved. It's all about the FDA covering its ass. Hi Tech obviously was not surprised by this announcement as they have proactively begun the formal approval process. In the meantime they can continue to sell Lodrane for 180 days which means that the sort term goal of Lodrane sales funding Elites pipeline & R&D remains intact. Lodrane is a bridge to the long term. Remain calm. Scared money never wins.
As a side note, if there are any serious long term investors interested in visiting Elite in NJ let me know. I'd like to try to arrange a tour or lunch or whatever with Jerry or Chris near their Northvale, NJ HQ.
I have a tiny 50,000 share stake. If it tanks this won't change my life one iota. I have been following the stock for a long time and live less than 30 minutes away from their HQ. It's my first foray into penny stocks. My philosophy is to invest locally in "real" companies and to be patient with my "mad money".
If anyone can convince me that the sky is falling without typing in ALL CAPS...please give it your best shot.
