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maybe 100X - 🐀 rumors lol lol
You will not scare us - Going to BUYOUT !!!!
Why didn't Nasrat have Elite ITSELF purchase trimipramine for pennies on the dollar?
We all know why...
Nasrat is one corrupt MOTHER PHUCKER.
While Hakim was CEO of Elite in 2016, Mikah purchased trimipramine ANDA from TEVA divestiture. In 2017, Mikah made supply & distribution agreements with Epic & Dr. Reddy- all of it while telling Elite shareholders that Mikah was dead. Two weeks after signing the distribution agreement with Dr. Reddy, Mikah sold it to Elite for $1.2M plus interest, which IMO, is at least 50X markup, maybe 100X.
NasRat IS The Board !!!!!!!!!!!!!
The other 3 are tokens,
IB_🤴🏻
In the USA, a FREE COUNTRY, A company has the wind down, liquid their assets and open the business as many times as they want.
A company has also the right to make money and buy cheap and sell high . Go find another tree to bark at - Drama 👑
Mikah is an independent entity - all the transactions Elite had with Mikah were approved by the board.
Miklah could do anything - it has nothing to do with Elite.
Without getting into a discussion of nonsense, can anyone explain what Mikah will be doing to aid in this agreement? What does Mikah bring to the table? What will Mikah contribute to deserve anything from this arrangement?
" In June 2021, the Company entered into a development and license agreement with Mikah, pursuant to which Mikah will engage in the research, development, sales and licensing of generic pharmaceutical products. In addition, Mikah will collaborate to develop and commercialize generic products including formulation development, analytical method development, manufacturing, sales and marketing of generic products. Initially two generic products were identified for the parties to develop."
IB_🤴🏻
Don't we need to file the lawsuit right now against Mikah/Nasrat because of the statute of limitations?
Or is it already too late as far as his corruption in 2016 and 2017?
What the PHUCK does that have to do with anything?
LOOK at the timeline.
Has NOTHING to do with Adderall.
HE MATCHED the offer given to ELITE - I prefer MIKAH than Purdue as our partner !!!
Drama King this is what you are 👑 And a 🐀
Nasrat/Mikah saved this company - all the noise you can make will not change the facts - HE MATCHED the offer given to ELITE - I prefer MIKAH than Purdue as our partner !!!
Nothing illegal about that !!!
---------------------
Holy sh*t!!!!! - Nasrat is going to JAIL!!!!! - Or a least a HUGE fine!!!!! (Class Action Lawsuit)
I didn't realize this was RIGHT in the middle of Mikah having "ceased operating" and also "winding down and LIQUIDATING its assets".
LOOK AT THIS TIMELINE:
2015 10-K- "Mikah has accordingly ceased operating and is in the process of winding down and liquidating its assets."
2016 10-K - "Mikah has accordingly ceased operating and is in the process of winding down and liquidating its assets."
2016 - While Hakim was CEO of Elite in 2016, Mikah purchased trimipramine ANDA from TEVA divestiture.
2017 10-K - "Mikah has accordingly ceased operating and is in the process of winding down and liquidating its assets."
2017 - Mikah made supply & distribution agreements with Epic & Dr. Reddy - all of it while telling Elite shareholders that Mikah was dead. Two weeks after signing the distribution agreement with Dr. Reddy, Mikah sold it to Elite for $1.2M plus interest
2018 10-K - "Mikah has accordingly ceased operating and is in the process of winding down and liquidating its assets."
We could sell unused ANDAs back to Mikah as part of the Adderall buy back.
Holy sh*t!!!!! - Nasrat is going to JAIL!!!!! - Or a least a HUGE fine!!!!! (Class Action Lawsuit)
I didn't realize this was RIGHT in the middle of Mikah having "ceased operating" and also "winding down and LIQUIDATING its assets".
LOOK AT THIS TIMELINE:
2015 10-K - "Mikah has accordingly ceased operating and is in the process of winding down and liquidating its assets."
2016 10-K - "Mikah has accordingly ceased operating and is in the process of winding down and liquidating its assets."
2016 - While Hakim was CEO of Elite in 2016, Mikah purchased trimipramine ANDA from TEVA divestiture.
2017 10-K - "Mikah has accordingly ceased operating and is in the process of winding down and liquidating its assets."
2017 - Mikah made supply & distribution agreements with Epic & Dr. Reddy - all of it while telling Elite shareholders that Mikah was dead. Two weeks after signing the distribution agreement with Dr. Reddy, Mikah sold it to Elite for $1.2M plus interest.
2018 10-K - "Mikah has accordingly ceased operating and is in the process of winding down and liquidating its assets."
I don’t agree with you, but I do admit you present your point of view well. In summary your position is: Since Elite is doing well it pays for the tort shops to wait. The longer they wait, the bigger the pile of money to go after.
Good news incoming in next 24 hours. Enjoy!
Post history can’t be covered up.
Jimmy Joe .... the stock was suppressed at $0.03 for YEARS ...Nobody is trying to suppress it and nobody thinks they can drive it into bankruptcy, so shut that nonsense up !!!!!!!!!!!!!!!!!!!!!!!!!
I have been long the stock for 13 years,
IB_🤴🏻
Buyout price now is well above $0.16.
The share price does not have anything to do with buyout.
Projected revenues 7 years from now or 5 years out from Buyout is what matters.
Ever think to ask SunGen ?
It's either the shorts are stressed or the longs are. It feels like people here are more invested in each other than the actual stock lol
You guys sound stressed 😆
IB and others who pretend to be long have had an agenda here for years.
Look at the stock market as a whole. What is happening right now. Why they do not want the CAT system implemented.
This ticker is heavily manipulated. Has been for years and years going back over a decade.
Very undervalued and very much a buy.
They know it. Trying to suppress it.
$ELTP baby ~!
I do not "bash" the stock !!!!!!!!!
Do you really believe I care what people here think ???????? Really .........
Who are you referring to: " Do you feel threatened by someone that has common sense? " ?????????
IB_🤴🏻
IB you want the people on here to think you are so smart. That's why you go on with all the dribble you do. If I don't like a stock in my portfolio I sell it and move on. No good invester picks a stock they own apart day after day. Why would anyone that doesn't own stock in a company hang around a penny stock bashing it day after day??? You just try to look smart yet evidence is to the contrary. You started bashing me for what reason? Do you feel threatened by someone that has common sense? Here are the things important to a real investor
1 PE
2 Revenue is growing
3 Company is profitable
4 new product in the pipeline
5 CEO has a huge stock interest in the company.
I don't know you or what your motivation is but dude get a clue.
RC
I don’t agree with you, but I do admit you present your point of view well. In summary your position is: Since Elite is doing well it pays for the tort shops to wait. The longer they wait, the bigger the pile of money to go after. My thought is: If Nasrat guides ELTP so well that a huge pile of money is made then ELTP share price will be much higher. ELTP shareholders will almost all be in a very profitable position. Saying “we made a huge profit but we are an injured party because we should have made even more” is a losing argument.
Nah, I was just going along with the stupid accusations of others who think ever shareholder here who doesn't kiss the CEO's a$$ is hired to bash and drive the share price down or short the stock ............. Kinda like you not knowing what the hell you were talking about with your accusations .... it goes both ways !!!!!!!!!!!!!
IB_🤴🏻
Awe, stop crying and letting the big bad CEO hurt your feelings. We know he hasn’t lied more than you have on this board. Please stop crying and also stop getting so worked up and pitiful with my posts. You’re gonna be ok, lolololol
Eltp
Your reply is so on point. I have held eltp for over 10 years and started adding when they turned profitable. You call me hired to pump which is just showing you don't know what the hell your talking about. Soooo funny you fake.
If you believe you have a case then go for it. IMHO, if there really was a legitimate claim of wrongdoing the class action lawyers would have been all over it years ago.
So, you made a new ID over a month ago and now jumped in with your first post !!!!!!!!!!!!!!!
When were you hired to be a defender ????????????
Who actually hired you ???????????
Where are you from ???????????
Why does the person who hired you expect you to deflect the conversation away from unethical behavior ????????????
IB_🤴🏻
oh I know, I was being sarcastic in responding to that valuation along with you.
" Mikah's half of Adderall is not worth 300 million." ...I agree
I was only responding to this posters valuation ...... not my valuation !!!!!!!!!!!!!!!
https://investorshub.advfn.com/boards/read_msg.aspx?message_id=173926048
IB_🤴🏻
All this negative stuff on here about Micah is BS trying to get people to sell because someone got out and now can't get back in!
CEO has 300 m shares and quibbling over 3.4 million is peanuts in that regard. Just ignore the dumbasses saying it is a problem. It is the same Ole tired asses that bash this day in and day out. The company wouldn't be acquiring new space and packaging unless needed in the next year. That being said this mat run sideways for a month but when anyone of the ANDAs are approved it will move up and revenue will grow shortly after.
Actually, NasRat never disclosed the price they paid Sungen for half of Adderall .....
He claimed he used Mikah to buy it to benefit Elite, yet he is not straight forward enough to reveal the purchase price and arogently replied when the question was asked, "Mikah is a private company" with what I think was a giggle ??????
"I do not believe that price will ever be publicly disclosed." I agree 💯# ...yet he supposed to be OUR CEO and acting in OUR best interest ... Do you not agree that with him never selling it to Elite, it would have been better for a bigger Pharma company to have bought it, then they may have wanted to partner with Elite on Adderall as well as some other drugs that THEY brought to the table, plus there would be no conflict of interest without Mikah in the deal ??????????????
Did NasRat not say on a "CC" that a deal had been reached for Elite to buy it but at the time, didn't have the money ??? Then when Elite had a good amount of money, he doesn't want to discuss it anymore ???????
IB_
So funny.
If Mikah's half is worth .30 then why is Elite's half plus the rest of the business only worth .16. lol lol don't actually answer that. Mikah's half of Adderall is not worth 300 million.
I will speculate though, that 2 quarters of Mikah's profit splits were valued at about 3 million judging from the liability accrual 2 quarters ago. (no idea why it stayed at 3 million this past quarter, maybe they made some payments) So tack on full year and give multiple of 3 and it would take something like 18 million for Elite to buy Mikah's half.
Who knows really though, those profit split accruals are not very straight forward at all.
Something I've been wondering though, Mikah may now get a much larger percentage of total profits. Not only because Lannet does not take a cut but more specifically because revenue is no longer broken down into contract manufacturing and license fees (going forward). I certainly hope Elite keeps a significantly larger portion than Mikah for doing the manufacturing and does not split it down the line after cost. With Lanett they had a cost-plus agreement but now who knows.
I think Sungen asked for the 15 Million not refundable they paid Elite for Sequestox... to be even...
Mikah never disclosed the price they paid Sungen for half of Adderall. I do not believe that price will ever be publicly disclosed. My prediction remains that Elite never buys Mikah’s rights to half of Adderall profits. JMHO. If I am wrong it won’t be the first time…lol.
You go Boie !!!!!!!!!!!
IB_🤴🏻
So with it, Elite would likely trade at $0.462 now !?!?!?!?!?!?
"not enough to worry" ... That would be a few hundred thousand💲 for me not to mention the ethical implications of it,
IB_🤴🏻
No S4Bs, everything isn't covered under safe harbor
Specifically, knowingly lying is not covered under safe harbor, contrary to your inaccurate, ignorant post
3 to 4 dollars a share lol really We can’t hold 20 cents And how do you know it will impact only 30 cents a share Did the CEO tell you how much he paid ?
+31250 to the pile earlier today.
$ELTP$
Exactly!!!!
Eltp
Cute, everything is covered by ‘safe harbor’. Did he tell lies or did he miss projections, are either illegal? Did the man think he would do better sooner, I think so. Maybe, one should not bet the house (all of it,lol) on someone he accuses of lying which sounds more than contradictory, it is outright STUPIDITY.
ELTP.
It would only reduce the buyout price by $0.30 not enough to worry at $3-4 dollars/ share
You too sad, what a sad life!!
Eltp.
We all can see what is going on here ...........
What do you see as the correct course of action to change things ?????????
Hey Thanks A Lot Doc,
IB_🤴🏻
If he would sell Mikah's half of the Adderall for the price HE paid for it and keep the profit he has been making over the years, I do not believe any shareholder would be upset ..... I wouldn't, would you ??????????????
" it won’t ever happen." I agree and I believe he will keep it because it is in his/Mikah's best interest NOT Elite's/our best interest !!!!!
IB_🤴🏻
Most if not all class action lawsuits are brought forth by funds that hold large positions ... Which of course, Elite has none !!!!!!
"In the meanwhile sales are growing at an impressive rate. New products are in development." .. This I agree with 💯# .. BUT we remain in the mid-teens and Elite's revenue and balance sheet could both be better,
IB_🤴🏻
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Moderators jimr1717 mrwrn2010 NASDAQ2020 IB_ namtae Dr JoeBarducci |
Senior Moderator: IB_
Posted: 7/02/2024
________________________________________________________________________________________________________________
Elite Pharmaceuticals, Inc. |
Website | Location | Employees | Facility | CEO |
www.elitepharma.com | Northvale, New Jersey | 64 | 85,000 sq ft | Nasrat Hakim |
Products & Pipeline | ||||
Drug | Market Size | Status | Competitors | Marketed By |
Adderall IR | 389.8 M | On Market | 15 | Elite |
Adderall XR | 1.56 B | On Market | 10 | Elite & Prasco |
Dantrolene | 6.3 M | On Market | 2 | Elite |
Isradipine | 5.5 M | On Market | 1 | Elite |
Loxapine | 5 M | On Market | 2 | Elite |
Phendimetrazine | 4.5 M | On Market | 4 | Elite |
Trimipramine | 2 M | On Market | 1 | Elite |
Naltrexone | 16 M | On Market | 5 | Precision Dose |
Phentermine Capsules | 7.5 M | On Market | 6 | Precision Dose |
Phentermine Tablets | 40 M | On Market | 8 | Precision Dose |
Vigabatrin | 233.7 M | On Market | 13 | Pyros |
Doxycycline | 85 M | Approved (Discontinued) | 9 | ---------- |
Tylenol with Codeine | 45 M | Approved | 5 | ---------- |
Dopamine Agonist | 12 M | Filed with FDA - 22 Dec 2022 | ---------- | ---------- |
Methotrexate | 64.3M | Approved - 16 May 2024 | 8 | Elite |
Percocet | 500 M | Approved | --------- | ---------- |
Norco | 477 M | Approved | --------- | ---------- |
Methadone | 30 M | Approved | --------- | ---------- |
OxyContin | 720 M | Filed with FDA - 17 Aug 2023 | ---------- | ---------- |
Vyvanse | 5.1 B | Filed with FDA - 21 Dec 2023 | 14 | ---------- |
Concerta | 1.16 B | In Development (Final Stages) | 9 | ---------- |
Financials | ||||
Fiscal Year | Revenue | Change | Net Income | Change |
2019 | 7,568,508 | ---------- | (9,279,321) | ---------- |
2020 | 17,994,639 | +137.76% | (2,240,351) | +75.86% |
2021 | 25,380,749 | +41.05% | 5,088,421 | +327.13% |
2022 | 32,262,117 | +27.11% | 8,898,245 | +74.87% |
2023 | 34,155,114 | +5.87% | 3,561,846 | -59.97% |
2024 | 56,625,128 | +65.79% | 20,108,631 | +464.56% |
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