The question then is will it have a positive effect on the price? BEs don't, CCs definitely don't (but that has a lot to do with RAT and his inability to handle the PR end of business)...maybe some trial results? POSITIVE trial results? That could go over well. Could use the good news. We'll see...
Well, today is a red day...along with the market. Market has me a little concerned also. Lots of talk about a correction and ELTP seems very weak lately; although it has held up in the mid .30s at least. We need those results rf! I hope we don't have to wait until the week of the CC for them. I say let's get as much play out of them as possible. A good report on the results can move the share price up and help counter what is happening in the market. Could give us a nice long run into CC as well. Wouldn't that be nice!
Totally agree. He's the CEO. Give us results and you silence the bashers. It's almost like he is making it too easy for them. The last two CCs were not stellar. The last quarter posted a loss. And he focuses on discussing dilution, reverse splits and bashers on a message board. #$%$? Plenty of good stuff to discuss. Generics, ARTs, partners, profits. Make it positive and sell the good stuff. He doesn't do that. This company really needs a PR person; Nasrat is awful at it.
We'll see. You talk like your charts are a crystal ball. I'm not buying it. If it were that easy to see where a stock was headed, you wouldn't be wasting your time on this board and all of us would be devoting our time to watching charts. They can be used as good indicators but there are no hard and fast rules with on OTC stock. If it does go into the .20s, which would totally suck for longs, there is something very wrong with this company. If their ART products are so great, they should attract interest and the stock should be trading at a higher volume. It worries me to see anemic volume and not even a blip on the ELI-201 news. rf has not been making any predictions on where specifically the price is going like you did, but he has made some great contributions to the conversation, if it is possible to have one on these message boards. I hope he is right about 202 news coming out soon. I hope it happens next week. The share price is really weak right now and it needs some news that can wake it up again and generate interest. I agree with you about selling and buying back though. I think the big news is months away and why let your money sit in an investment that goes up and down like ELTP? I hope 202 is the catalyst that will drive us into the .40s, or 50s, and I will sell - and hopefully make it back in again later in the year at a decent price.
Hope so. Yesterday was a bit worrisome watching it getting deeper into the red on a positive PR. I had to go back and reread it a couple of times thinking I had missed something. Glad it strengthened as the day progressed and today looks better (although not over). I'd love to see a great report on 202 this week! Back into the .40s, maybe .50s then?
Looks like it is going to need it. Can't get any positive momentum here. Any move north is countered with Nasrat opening his mouth and driving it south again.
Good response. And just to add:
With their record revenues, they failed to mention they had a loss last quarter because of a drop in revenues. They never addressed it or explained it.
Institutional funding is through dilution. They've authorized 400M+ shares to be added to the outstanding amount and they are already starting to get issued. A partner would have been the way shareholders preferred.
Generic pipeline is not growing. Isradipine is delayed...again, until the fall. What about an update on Epic? That would have been nice to hear during the CC!
Why did NasRAT put off an update on ELI-201??? What, did the company go private overnight? Where is the transparency???
The CC was pathetic. And their futile attempts at any positive PR is amateurish. They need some serious help in that department!
They finally posted the financials for last quarter, and with R&D expenses EXCLUDED, it was a loss for the quarter (pay attention pumpers - total revenue minus cost of revenue was a loss). That explains why we have lost over 20% value since the CC. It also explains why they waited until the last day. No hiding bad numbers.
Looking at NVLX yesterday, it rose over 25% on a good PR after slumping the last few days. Maybe the RAT can talk to their CEO about how to handle public relations. They always seem to release PRs which positively affect the share price. ELTP has a PR problem and it needs to be addressed. Current management is not cutting it and they are actually having a negative affect on share price. And trying to hide bad quarterly numbers isn't working! I stand by my declaration - it's a POS!
I'm officially declaring ELTP a POS!
The RAT can't meet shareholder expectations because he sucks at PR and here the share price goes down...again. Down, down, down!
Nice drop at the end of the day, by the way. MMs know how to play this stock. Constant disappointment! Good job, NasRAT!!!
Not looking very promising. Just give me that squeeze so I can get out of this dead money! Meifud is right, until something big happens, this isn't moving. And the big stuff won't happen until the end of the year. Buy back in then.
I don't see why you have to wait that long. This could be a long term play, but it looks like it has a lot of room to get out and then back in at a lower price. Lots of big fluctuations. It went from the upper .30s to the mid .40s. I should have bailed because I felt uneasy about them waiting to the last day to release. And it turned out they had nothing really to report. They were below expectations and there really wasn't any big announcements. I think that was the major disappointment (no announcements/updates) and the reason for the 15% drop. Nasrat making a couple of quotes like "there's no stopping us" doesn't cut it. It's kind of amateur hour if that is his best response at a CC. It was a nice spike at the end; agreed. If it can continue into the .40s next week, I can sell and come back later when we are closer to the end of the year.
Same old song and dance. Pretty pathetic. Tried to get out but waited too long. One more spike, that's all I need - learned my lesson. This is dead money for a while and I'm tired of watching it go up and down. Absolutely no support from management to help drive it up (even though NasRAT thinks its worth over $2). I don't think they want it to go up right now. When I think about the last two CC's and the content, it's clear they are not interested in the share price increasing, or they are just really bad at the PR game. NasRAT could definitely use some help on that end. Lots of inconsistencies on information coming out and even between the rat and Carter (CFO) during the CC. They had different answers as to when the bonds will be paid off, Isradipine is now delayed until the fall, the rat has no problem with the issuance of 108M shares from Lincoln... We won't be getting any help from management, period. So, it's either languish here in limbo watching it push up into the .40s by the MMs and then back down into the .30s, or put your money somewhere else for a while. Regardless, truly disappointed in NasRAT right now and his lack of commitment to the shareholders.