Elite Pharmaceuticals Inc (ELTP)

[reestifer]

Man I used to enjoy coming here just to read this board, y'all turned toxic.

[Pharma Sleuth]

Lol. Good luck with all that. How exactly have you been harmed? And sorry not wasting time on this. It's the dumbest argument you are going to try and make and you still haven't made one. And it's based on a bunch of things you don't know. "If this" and if that and you are talking about the biggest product benefiting Elite.

I am going to go with the math.

[HGilS]

I am sure that if weazhul or _IB or The self crowned king had a finished basement they would run to the tax office to declare it !!!

They also never got a driving ticket...

INTEGRITY IMPERSONIZED

MIKAH saved this company - this is why you are trying so hard to discredit it... lol

a bunch of 🐀🐀🐀

[WeeZuhl]

You have not shown any instance where illegality occurred. You have not showed any instance where anyone was harmed and the opposite is true by 1000% where all investors are benefitting.

You have not showed any alternative that should have been taken that would have been better and you have no information to indicate that an alternative was available.

I usually don't bother with you, Sleuth, for the same reason I don't argue with drunks in the emergency department. Nonetheless, if you really want to understand, I suggest you start by looking up the entire fairness standard as it relates to a controlling stockholder. What you will learn is that there is no burden of proof on the plaintiff to show any of those things. The burden of proof is entirely on the CEO to demonstrate for any self deal that the whole transaction was fair to stockholders, from process to price. There are easy ways he could have managed all of these transactions in order to make them fair to shareholders, but he never did. There are certain steps he was obligated to do to guarantee the rights of shareholders, and he never did. The burden will be entirely on Hakim to prove his self deals were fair to shareholders, and I am very confident he cannot.

.

[IB_]

Well, Bye !!!!!!!!!

"This is why I stopped watching this board."

IB_🤴🏻

[Pharma Sleuth]

Of course. Lol.

It's like watching monkeys at the zoo. But someone has been bankrolling this little operation for a long time. I still wonder if they know why. I don't think they do.

[jour_trader]

When is the last time you saw Mikah’s financials?

This is why I stopped watching this board. So many ridiculous and poisonous posters here.

There are many fantastic value added posters, but too many inexperienced couch quarterbacks that think they know everything when in reality they know nothing.

[Pharma Sleuth]

.

[jour_trader]

Yes, what don’t you get? Mikah has revenue flow from Adderall profit split. Since he is a one-person shop he almost has to outsource any benefit offered by Mikah to Elite. The waters do get muddy here, but using 3rd parties is logical.

[msdecc]

I sure was right about this one. It could become my biggest money maker…..and trust me I know how to make money. Predictable performance and a group of unhinged followers. What’s not to love?

[bubba412]

lol What fantasy world do you live in Mikah is 1 person Naz and Naz only

[IB_]

That is hypothetical and is NOT what is taking place in this case !!!!!!!!!!!!!!!!!!!

IB_🤴🏻

[IB_]

You said, "paid the costs to develop." and that was a LIE !!!!!!!!!!

Everyone here knows that your aganda is to defend anything and everything NasRat does and posting LIES is NOT beneath you .....................

There is no point in continuing a back and forth with someone who follows blindly and will use LIES to try and deceive others ..........

You have proven my point,

IB_🤴🏻

[ElementalArcher25]

They aren't looking for truth or answers. Just re cycling same Ole thing over and over

[jour_trader]

Not necessarily. Mikah can be the coordinator of such. Doesn’t mean they are providing those services directly. Contractors, consultants, temp labor can all be coordinated through 3rd parties.

[Pharma Sleuth]

Lol. Adderall has costs regardless to launch. You think it's just a piece of paper and you start making a controlled substance that goes to the public?

I still don't know what your argument is. And you're little red letter stuff doesn't make sense either.

How about this, why are so many folks from other countries so interested in this little rapidly growing pharma that they have to post nonsense all day long?

Isn't that more interesting then a product that has enabled Elite to have YOY record financials and monster products in the pipeline? But somehow that's not what you want to talk about .

[IB_]

Of course it is !!!!!!!!!!!!!!!!!!

Allowing NasRat to have complete control of Elite has been a huge mistake ..............

No oversight has allowed him to let his greed & ego take over,

IB_🤴🏻

[IB_]

Huh?, you still haven't even made an argument Well they brought Adderall and paid the costs to develop. That is a lie, Adderall was already approved when Mikah obtained it !! We know that much. NO we don't because the statement is a LIE What exactly they have for employees, or do they have to contract out resources? YOU are the Mikah defender, YOU answer that question Or they pay Elite to develop and cover those costs like others have done as part of these type agreements? If Mikah had paid Elite to do Mikah's share it would be in the SEC filings, so that insinuation is also untrue !!!!!!!!!!!!

IB_🤴🏻

[dest_golf]

There is no doubt this is a conflict of interest.. Mikah being involved by providing research, development, sales and licensing is an absolute joke.

[Pharma Sleuth]

Huh?, you still haven't even made an argument Well they brought Adderall and paid the costs to develop. We know that much. What exactly they have for employees or do they have to contract out resources? Or they pay Elite to develop and cover those costs like others have done as part of these type agreements?

Is that what you are asking?

We can see it's been extremely profitable for Elite. We can see shareholders should be very thankful that this occurred.

What we do know is that it's been the biggest positive for the company to date. Is that why you guys are trying to go after it which this silly line of manipulation?

I have no idea what you are asking or trying to say. I do know we have a 50/50 profit split. Same as we would have had with a Sungen Chinese company or if we didn't acquire the rights, might not have it at all

But you don't care about any of this. This is just this weeks theater.

[IB_]

King, I know you will give a truthful, honest answer to this question:

How can Mikah contribute to what is in this paragraph of the SEC filings ??????? How/Who at Mikah will, "engage in the research, development, sales and licensing of generic pharmaceutical products." ??????? Who/How will Mikah, "collaborate to develop and commercialize generic products including formulation development, analytical method development, manufacturing, sales and marketing of generic products." ?????????

"" 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."

Hey Thanks A Lot King,

IB_🤴🏻

[IB_]

There you go with your diversion again because you CAN'T give an honest answer to the original question concerning this paragraph of the SEC filing:
"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."

What will Mikah be doing to aid in this agreement? What does Mikah bring to the table? What will Mikah contribute to deserve anything from this arrangement?

You can reply with nonsense, but you can't give a truthful, intelligent answer,



IB_🤴🏻

[Pharma Sleuth]

You haven't shown anything that makes an argument. You have not shown any instance where illegality occurred. You have not showed any instance where anyone was harmed and the opposite is true by 1000% where all investors are benefitting.

You have not showed any alternative that should have been taken that would have been better and you have no information to indicate that an alternative was available.

It's just this weeks theatre

What is the complaint? You wish the company didn't have the financials and fundamentals and growth that has resulted out of Mikah saving the company?

[IB_]

I knew you could not answer the question intelligently, so you had to reply with your usual nonsense !!!!!!!!!!!!!!!!

There is no defense for Mikah being in business after what has been stated in the SEC filings ..............

There are investors that would have never invested in Elite at a higher share price had they not been told in the SEC filings that the CEO's private pharma company "Mikah" was winding down operations........... There is not a defense for this !!!!!!!!!!!!!!!!!!

You can try and distract from what is going on, but even the sheep see it, they are just afraid that voicing their displeasure will hurt the share price and drive it even lower,

IB_🤴🏻

[Pharma Sleuth]

He is just a construct. That's why the trump pic and the "blue lives matter". He is in and from a country near SE Asia. You think he is a trump fan and blue lives matter supporter?

It's so dumb and so obvious.

You think they are giving out 10s of thousands in student loans he doesn't have to pay back in his country?

I don't worry about Elite at all. But these guys fascinate me. Like I said many months ago, watch that show "scammers" on YouTube. It's the same type people.

[namtae]

I doubt Elite will disclose the amount of their D&O insurance.

[HGilS]

He had lawns for the goats - he misspelled the word...

[ElementalArcher25]

Same old losers on here posting their nonsense. If you guys hate the company sell and move on. It doesn't make sense to be on here all day everyday bashing. There has to be an alternative motive. I have been investing for 30 years and I like what I see this company doing. Fundamentals look great.

1 PE 10.x
2 Revenues growing fast
3 company makes a profit that is increasing
4 multiple drugs in the pipeline
5 Company adding new facilities to meet growth

The bashers will hate this post and scream about someone doing shady deals with no proof. I have been in this long enough to see the .96 high and trip down. Doesn't make sense CEO owning 300 million shares and at his age to do illegal stuff that could cost him everything and put him in jail for the rest of his days.

There is something else at play here. Get a life and move on.

RC

[Pharma Sleuth]

Hahahaha student loans....anyone believe that. He is just a construct. His previous ID before he change the name was AMA for ask me anything because that is the role he is playing.

This is all just theatre.

[IB_]

I believe it is just NasRat, but we can't know for sure because he ties Mikah to OUR company and keeps Mikah's business a SECRET from us !!!!!!!!!!!!!!! He is a true class act .......................

IB_🤴🏻

[Pharma Sleuth]

They bought the ANDA. They contributed at minimal providing the life blood to get the company where it is today. Exactly what it cost them for the development to get the product approved and launched? No idea but they paid it.

None of it matters. But you know that

This is a dumb argument that makes zero sense . But you know that.

You are only here to distract people from the actual company Elite and the current fundamentals of the company which are a result of Mikah saving the the product. But you already know that.

I don't even know what you overseas manipulators are trying to say. The argument is so dumb there is no rationale.

You would rather have some other company own our biggest current product? Sungen didn't want shares. Did you forget that part? Lol

Doesn't matter to you. If this is the best argument you have , some pretend lawsuit by an overseas foreign agent over a product that has driven growth and drives the stock price. Of which the biggest shareholder by a mile is the very same person you are pretending is the bogeyman?

It's beyond dumb. Did you guys have a meeting over this?

[CMDawg]

The King sold his stock to pay back his home and student loans because of this! Now he wants to buy much lower! SMH

[sharkey1]

Nasrat has got street cred with the FDA, they just love building new plants,
everybody loves it when a plan comes together.
Nasrat has been around for many many years, they all know him in the Biz.

straight shooter
stand up guy

[tombe]

So get off this message board and call someone who gives a sh*t

[HGilS]

Two guys and a router

[bubba412]

Is Mikah just Naz or do they have their own researchers, developers , marketing staff ?

[IB_]

Without getting into your usual discussion of nonsense, can you 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_🤴🏻

[HGilS]

Nasrat should have contacted a lawyer before using Mikah to help Elite.

Oh - He is a lawyer hahahahahahah - he knew he was not doing wrong - he knew the risk would be high for a lawsuit if he did something wrong. Nasrat is risk adverse - this is his number 1 quality !!!

[WeeZuhl]

This one takes the cake.

WeeZuhl is worried about the FTC bringing up a monopoly lawsuit against Elite and Mikah!!!!

You've come up with some whackadoodle responses in the past, but this one is out there. I have no idea what you're even talking about in this entire post. It has no relationship to anything I've said. When did I mention a monopoly or the FTC? Yet again I find myself asking, Kayak wtf are you talking about?

.

[Pharma Sleuth]

There really is no other explanation. The Mikah is the devil is really the only angle they can try. It's dumb but the fundamentals of the company present minimal opportunity and they are only going to rapidly grow.

They know all this so the Nasrat is the Bogeyman is all they have left. I think it's so that anyone that comes to the board will read the nonsense.

I don't even know what their argument is. They would rather be paying the same profit split to another company with no opportunity to buy the 50% of the product back? They would rather not have the ridiculous fundamentals and rapid growth?

It's beyond dumb

[imanjen13]

As the great sage has posted: Be careful what you wish for.
I don't think a lawsuit or an indictment of a CEO who is by far the largest shareholder in the Corporation would be good news for shareholders. Of course, if you sold too early to buy your kid a cheap used car, you may want to bash a stock and its BOD to buy back in at a lower price. Mikah has been a major source of funds for R&D.
The bashers here obviously have an agenda or are indeed employed by entities which want to suppress the stock price.

[NASDAQ2020]

The Unicorn of The OTC:

ELTP

X 1. Cash Flow Positive Status - 4 + years
X 2. Purchase building which houses their cGMP registered facility for research, development, manufacturing and packaging of pharmaceutical products.
X 3. Adderall IR $335 Million Approved and Launched
X 4. Adderall XR $1.56 Billion Approved and Launched
X 5. Double digit quarterly revenues in millions
X 6. In house marketing and distribution: Kirkov
X 7. Prasco/Burel Adderall agreement starting January 1st 2024
X 8. First shipment Adderall XR to PRASCO Dec 2023
X 9. DEA increases manufacturing quotas for Adderall & Vyvance
X 10. Generic Vyvanse - $5.1 BILLION - FDA submission Dec 2023
X 11. FDA Acceptance of Generic OxyContin Sept 2023
__12. Generate revenues over $20 million/quarter
__13. Generic OxyContin Approval -;FIRST TO FILE Aug 17, 2023 $720 Million
__14. Prevail over Purdue in Generic OxyContin infringement suit - 6 month stay
X 15. Lease additional manufacturing and storage space for new ANDAs Jan 2024 - 34,000 square foot 18+ ft ceilings
__16. European distribution Dexcel partnership approval by Israeli Health
__17. Full ownership of Adderall IR $ 335 Million
__18. Full ownership of Adderall XR $ 1.56 Billion
__19. Generic Concerta- $1.2 BILLION FDA submission
__20. Vigabatrin - VigPoder approved Pyros $233 Million trade mark challenge
__21. $100 million in yearly revenues
__22. Dopamine Agonist (probably Requip XL or Mirapex ER). $12 Million
__23. Patented Unique ADF (w/o naltrexone)-- NDA
__24. Mikah ANDA (s)
__25. Undisclosed ANDAs/NDAs
__26. Antimetabolite ANDA- Methotrexate -$600 Million
__27. Undisclosed Antimetabolite ANDA- $42 Million
__28. Generic Vyvanse Approval
__29. DollarLand PPS
__30. Uplist to the NASDAQ Exchange
__31. THE Buy Out ! 2.0-2.5 yrs from Feb 2024
__32. Vegas Baby !!!!!!! 2.5 yrs
Bullish

[kayak_wench]

WeeZuhl is worried about the FTC bringing up a monopoly lawsuit against Elite and Mikah!!!!
When he said as soon as they have a pile of cash the lawyers will jump in he did mean a very very large pile of cash. There will never be a time that Elite and Mikah is going to be hit with a lawsuit because of a risk of competition. What a dumb claim and comparison to make.

Pulling up this very run of the mill monopoly case as relevant to Elite was ridiculous.
He is comparing Mikah purchasing 1/2 of Adderall that SunGen owned to a $40.5 billion acquisition. I'm pretty sure Nasrat didn't pay 1 billion much less 40+. Maybe he will next throw us a headline about the FTC lawsuit
just brought against the Kroger and Albertsons grocery stores to freak everyone out (that lawsuit is being brought up for the same reason....higher prices due to monopoly concerns).

The link he provided clearly stated the motivation of the TEVA lawsuit was to protect prices for patients. Elite is currently selling cheaper than most everyone.

“The FTC’s settlement safeguards the competitive availability of these medications for patients across the country who depend on them.

”

[sharkey1]

Nasrat is smarter than you and your just jealous .
lets see you build a new manufacturing plant, with FDA approval every step of the way.
and still run a business,
Ordering API for each drug, hiring new people, keeping 53 employees happy.
meeting with Kirkov and crew, where to target sales, making deals like Prasco, and reading the fine print.
On top of all that, he's in the middle of a Lawsuit with Purdue, hoping to get First to File, and not get shot out of the water, in the meantime,
dealing with the big boys can be dicey.

[IB_]

https://tcr.sec.gov/TcrExternalWeb/faces/pages/intake.jspx

IB_🤴🏻

[namtae]

A long time ago I speculated Elite may have been held back from going to nasdaq due to the inherent conflicts of interest it has with Mikah.

On an exchange, scrutiny rises exponentially vs being on the OTC

Institutional shareholders have been limited on the OTC, but going to an exchange not only opens the door for institutional ownership, it also opens the door to scrutiny. This thing with Mikah is a big problem in that regard

[The ELTP King]

I CAN'T believe how black and white this is.

This is a slam dunk case for any lawyer.

Why didn't Nasrat have Elite ITSELF purchase trimipramine for pennies on the dollar?

We all know why...

Nasrat is one corrupt MOTHER PHUCKER.

[bubba412]

If Mikah gets some profit from partnering with Elite in research development and distribution do they then pay some of the salaries for those doing that work for Elite or do they have their people ? Guess we will never know cause it’s a private company

[bubba412]

If Mikah gets some profit from partnering with Elite in research development and distribution do they then pay some of the salaries for those doing that work for Elite or do they have their people ? Guess we will never know cause it’s a private company

[namtae]

What other business has Mikah conducted that Elite shareholders are unaware of?

Has there been other opportunities that Mikah jumped in front of Elite to take advantage of privately?

How would shareholders ever find out?

As a matter of fair play and transparency, the CEO should address this instead of hiding behind Mikah is a private company