Thank you Meifud. Monkeyboy is only 20 years old and his inexperience in stock investing and life in general are on display here constantly. Fairly typical of his "Y" generation, he talks about areas that he has no knowledge in and argue every point without providing any evidence to support a single thing he states. Why Why Why is his theme over and over and over again.
Puracap is well aware of the potential here and most assuredly will want a piece of the pie.
You're just a little amateur investor who should not be in this area. You have limited knowledge of the market and obvious low level of intelligence.
Sure its possible but a small percentage do not get adcom just as my info directly from the FDA website indicates. Keep in mind Elite had the FDA directly involved in the trials and submitted the IND well before they submitted the NDA so the FDA is quite familiar with their tech and trial results now.
I honestly think they get approval before the July 14 date and that the PR comes out and ignites a big run. You will probably see signs of it before those because news will have leaked and Elite can take up to 4 days to get the PR out per SEC.
I have been here for feeding frenzies and 55 million share days. Watched the newbs chase it up and up and up while the MM's dangled the bait.
I agree with the posts below also. The longer they go it alone the higher the price will be if bought out. Elite employees hold shares they bought at 2.75 so you know the price will be well above that amount for any offers.
People holding their shares like gold bars and I really think there is not much float out there either so when the shark frenzie for shares starts, the MM's will be moving that PPS up in a volatile manner dangling the shares like chum for the sharks wanting in
Each day we get closer to that July 14 date should see some movement up with MM's going to extremes to keep it in check using their high speed trading platforms. As we get close though the damn is going to start leaking and the MM's will have to let it start moving and then when the approval is announced you better have your seatbelt on for the rude. Shorty in big trouble now it appears.
Sentiment: Strong Buy
The U.S. market is 12 billion or more and the world market is 45 billion for opioid meds. 90% of the prescriptions currently are for IR Oxy (non ADT). Elite will have the ONLY IR Oxy (with ADT) in the U.S. market space. They may also have entry into the Asian market due to the sale of Epic recently.
as the CEO stated a few CC's ago Elite only needs to get a small piece of that pie to have huge growth in the PPS.
Very well written and embodies what TRUE ELITE LONGS know and are prepared for. Fundamentals are the driving force.
Could cover that with the remaining 7.5 million from the Epic deal if it continues.