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EGLT

By mell following x   2017 Nov 24, 7:52am 1,275 views   7 comments   watch   sfw   quote     share    


Could be a good turnaround story developing here. They sell abuse resistant opiods and now finally have enormous earnings growth after mgmt trashed th company with bad decisions and pps went from $10 to sub $1. Believe mgmt is finally on the right path. Some more study catalysts expected soon, flush with cash since recent financings and cost cutting may drive them to profitability well before 2020 which is where they would run out if cash again. Good buy here around $1 IMO.

#investing
1   justme   ignore (0)   2017 Nov 24, 8:07am   ↑ like (0)   ↓ dislike (0)   quote        

Is it really possible to have an abuse-resistant opioid?
2   mell   ignore (2)   2017 Nov 24, 8:35am   ↑ like (0)   ↓ dislike (0)   quote        

justme says
Is it really possible to have an abuse-resistant opioid?

Well as good as it gets. You can't crush and snort or inject it. It will degrade or clump rapidly if split. You can still swallow too many of those of course but preventing the snorting/injecting route is yuge.
3   mell   ignore (2)   2017 Nov 24, 5:28pm   ↑ like (0)   ↓ dislike (0)   quote        

Thx for the link, but they actually do make opioids, just abuse deterrent/resistant ones.
4   mell   ignore (2)   2017 Nov 30, 8:22am   ↑ like (0)   ↓ dislike (0)   quote        

anonymous says
Yes - I read up on them a bit. For a dollar and change it might be worth a small investment to see what they might be able to do.


@anonymous Did you get in? Up 30% so far, expect more upside $2+.
5   mell   ignore (2)   2017 Dec 4, 9:11am   ↑ like (0)   ↓ dislike (0)   quote        

mell says
anonymous says
Yes - I read up on them a bit. For a dollar and change it might be worth a small investment to see what they might be able to do.


@anonymous Did you get in? Up 30% so far, expect more upside $2+.


@anonymous EGLT Leaving the 1.20s behind. Did you buy some?
6   mell   ignore (2)   2017 Dec 4, 5:22pm   ↑ like (1)   ↓ dislike (0)   quote        

anonymous says
@mell - No, I did not buy, too many distractions for me right now in addition to being very conservative with my investments at the moment.

10 years or so ago I would have moved on it, would have gotten into Bitcoin long ago as well. One of my old co-workers got into Bitcoin in the $300-400 range and still riding it. Not sure how much he is in for on the initial investment and if he has sold anything so far but age wise he is better positioned to take a hit than I am. Sometimes I get it right and sometimes I get it wrong but all I am doing is watching and therefore I can sleep at night since there is no money at stake.

If I decide to dabble in the market again, I will wait until after the mid-terms in 2018. Too many moving parts right now for me to be comfortable with and I believe the market is getting a bit long in the tooth. Still watching a few of Logan's recommendations as well as some others that have popped up here but just watching.


Nice. Expect 2018 to be much more volatile than the past years. So you probably will have plenty of opportunities. GL
7   mell   ignore (2)   2017 Dec 29, 2:34pm   ↑ like (0)   ↓ dislike (0)   quote        

Update: hasn't moved but bad proxy for either reverse split or huge increase in authorized shares just came out. Good prospects, but poor mgmt. Avoid. Go with ARRY or VCEL instead.




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