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No ruling to date.
The last page is the "Prayer" category if they win.
Key word....IF
Auditors ??? Please.
Their just another set of paid for eyes.
Between having no liability and an errors and omissions insurance policy they see no grey area. That interpretation falls on the signing CFO.
And yes , an immediate confrence call with open constructive dialog is need.
The immediate elimination of his name on the company roster is nothing but SPITE. He ran out the door. No real notice or concern for the mess he left.
Wow. Same with Mark . Refuses to sign the 10k.
What could be the cause for what seemed a perfect match.
Dirty Dealings.....plain and simple. The continued issuance of stock that we don't have left. Need another vote to increase allotment of stock total.
Not sure if the board is aware or figured out that their bancrupt if Naz leaves. Too late. He owns the company control. Hence why the poison pill isn't necessary now.
Hopefully this crook succeeds because in my opinion we're stuck with him.
He has to know that this blows his cover. No getting around it.
I wonder what customers say about Naz when they try to deal with him. Its like he forgets it was the shareholders that allowed him that Lincoln toxic loan arrangement to give him time to change gears 3 times. And yet he whines about the chat rooms being the cause of a bad price. Walls are closing in.
Yes , the only one who benefits from a continuous low stock price is Naz and the crew.
Hmmmmmm.
The thing that has me scratching my head is the wording of the 8K.
"INTENT....a thing intended ; an aim or plan"
No dates or explanations like the other two.
I'm really feeling like this isn't 100% yet and he is still working at Elite today.
Almost was just a formality to file until they can finish negotiating a resolution.
I agree. I too will hold since its not product failure. Penny counters are replaceable.
Carter was complaining of needing help. Naz said on a call that they may be looking for help for that department. I'm thinking they never did and the CFO is overwhelmed.
Yes they are quiting , but are they signing the 10k before they leave?
Wasn't Mark B. Hired temporarily. They were actively searching while he was employed.
The release said intent on leaving. No affective date given. Why could he not stay till a replacement is found. I get the impression he is still there.
I hope the next 8K is of open market stock purchases by Elite Board Members. Especially the CEO.
That should help the optics.
I mean that 8K was brutal. Gives the impression of being completely blind sided. Maybe the stress of three positions made him crack. What could of changed in such a short period that he didn't see. It said intent to leave. Is that open ended?
Is there the possibility that Lannet can sell both quantities of Adderall made by both. Who's ro say they get enough API. I mean are supplies that readily available for endless supply on demand?
Did you happen to notice the firm listed ELTP in their report as : Nasdaq. Frodium slip ? Why a report on August 10th. Why the sudden intrest?
I'm not sure whats preventing me from sharing the report. Only the text seemed to follow. Will figure out the free way to do it.
*
RELIABLE RESEARCH
New Constructs
Closing Price as of 08/10/2022: $0.04 Dividend Yield: -
Latest Filing: 10-K for period ending 03/31/2022
Elite Pharmaceuticals, Inc. (ELTP) NASDAQ-Healthcare
1- Very Attractive
Investment Recommendation
Price 08/10/2022: Economic Book Value per share 52-Week Range
$0.04
$0.10 $0.02 $0.06
. We strongly recommend investors buy ELTP.
. ELTP earns our Very Attractive rating. See
Investment Rating Details below. • A Very Attractive rating means this stock has
$0.05
3,000
2,500
$0.04
superior upside potential with low downside risk. . ELTP ranks in the 97th percentile of the 2700+
2,000
$0.04
1,500
1,000
$0.03
stocks we cover. .Ranks 4th out of 344 Healthcare Sector stocks.
500
$0.03
0
Jun 1
Jul 1
Aug 1
Price Volume (in thousands)
Investment Rating Details
Quality of Earnings
Valuation
Risk/Reward Rating
Economic vs Reported EPS
Return on Invested Capital (ROIC)
FCF Yield
Price-to-EBV Ratio
Growth Appreciation Period (yrs)
5- Very Unattractive
Misleading Trend False Positivel
Bottom Quintile
<-5%
>3.5 or -1 <0
50
4- Unattractive
4th Quintile
-5% -1%
2.43.5 or <-1
2050
3- Neutral
Neutral EE
3rd Quintile
-1%<3%
1.6 <2.4
1020
2- Attractive
Positive EE
2nd Quintile
3%<10%
1.1 <1.6
310
1- Very Attractive
Rising EE
Top Quintile
>10%
0<1.1
043
Accounting vs Economic Earnings
Accounting Adjustments Summary
$0.01
$0.00
?ELTP's accounting earnings overstate its economic earnings, which equal (ROIC-WACC) Average Invested Capital. . For ELTP, we made a total of $15 million in income statement
and balance sheet adjustments to convert accounting earnings to economic earnings in FY22. We made $10 million in adjustments in our DCF valuation of the
$0.00
Dollars
-$0.01
stock.
-$0.01
2018
2019
2020
2021
2022
TTM
• We make, in general, 10 types of income statement adjustments to derive NOPAT, 12 types of balance sheet adjustments to derive Average Invested Capital, & 10 types of valuation
adjustments in our reverse DCF valuation models.
Economic EPS Reported EPS
Analyst Notes
Trust More Reliable Data
About New Constructs
We empower you with superior fundamental data.
.Best fundamental data in the world, jo proven in the Journal of Financial Economics Best research, see appendix of this paper
Analyst Notes are only available to members of our website. They provide additional insights and alert clients to important corporate events or disclosures that can impact investment decisions
See the PROOF
I just noticed on TD Ameritrade that a new Analyst called New Constructs has published a Report on ELTP . They scaled ELTP a 1 out of 5 with 1 being the best and 5 the worst. 1 is called very attractive. 6 pages long.
There is no Fentenal in ELTP's mix. No issue.
The drug cartel is why we are back in business.
FENTENAL
They are mixing it in everything!!!!
Regulation and safety will prevail with the insured population. Life and death decision.
Back to filing 4 ANDA's per year starting 2022
ELTP is Buying the other half of Adderall XP from Mikah Mid 2022.
I can get the old site but I'm still getting the site down posting. Something has to change ,hence the under construction page. The new version has not been released yet. IMO
Site is still down. Your looking at an offline version stored on your computer
If you take the words literally on the home page temp banner, the upgrade is complete and only needs to be launched by the owner.
The last website I was involved in with an upgrade , took half the night to complete. All our designs and pages were done. We just needed to replace and test usability.
Unless there doing it in-house, this should be up this morning.
If not......then Monday Morning will be one for the ages!!
First trade of the day almost identical to yesterday's last....460,000 @.05.....Will there be another big block trade at the close......and drop the price.....
TD is showing the last trade going of at 3:20 pm for 452,300 shares as a sale. Brought it down to .051. The only time it went red. I'm use to seeing 100 shares doing that job. I guess you could say someone bought 452,300 shares at the lowest price of the day. Nothing for 40 minutes after too closing. Got to be an error....?
Inquiring by whom? I agree the 8k was released in a timely manner and that Naz is by no means surprised. Keeping him another month and not releasing a press release tells me the rest is coming before May 14th. The Indeed Help Wanted post is a joke.
The number of 100 share trades going off with ELTP is Criminal and very suspicious of the malicious intent. Making money is not the plan. TD is charging $6.95 per OTC trade.
I mean who does this.
One thing for sure is they are SCARED.
They can't improve they're fate so misery wants company. Almost worked.
No doubt that is the other alternative. I personally experienced that with a couple of otc Longshots that went broke when the lies ran out. The difference for me is no shares have been sold by insiders ...ever. Most of which are the largest holders. This is telling. Liquidation always occurs months to a year before a disgruntled employee is planning to bail. Not to mention we have two immediate news catalysts with growing revenues.
With my prior experiences , the companies were broke ,loosing market share and trying to Liquidate. I don't see any of this happening with ELTP. At least not up to this moment in time.
I so want to believe this is Naz's way of tipping his cards for us without breaching any quite restrictions.
I mean all this time and hard work , to bail just before hitting the goal and gravy , to go and start in the bowels of another Co.
These next few weeks will be telling. I'm thinking the day or two before Mr.Ward leaves. Early May the new path will be revealed .
It has been my experience with other holdings of mine that when the CFO leaves there is both a SEC filing and a press release ; ensuring broad transparency. Not sure if its just a courtesy or not a mandate for OTC stocks ?
Kinda suspicious
This thing traded Pre Market this morning. Knocked it down to .0549. Lmao....relentless fucks.
I agree. Something is very much up. You can feel it now. Any and all baggage is compacted and awaiting relabeling . The question is who.
I noticed the largest asset we have ,"Sequestox " had a major joint venture end with no talks of resigning , reselling or launching. All we know is the Tmax issue is resolved and we're ready to refile. Puracap lost millions and we're to believe they just walked away without any effort to save their investment?
You know why Naz may not be at future CC,s ? Because he's retired and Carter is back with his old company . Our new owner. I even think this was to be all done by now if not for the vote and Corona.
Just my educated guess of watching and listening for 7 years , holding every share for the Life Changing Experience.
Thankyou all for many years of engagement.
Naz mentioned in the call that the purchase from Sun Gen was a "Save" , and that Elite has 100% control.
He finished by saying he wants ELTP to buy it from him in the future when we are more solvent.
Although it's not my first choice of outcome, it most definitely keeps ELTP viable and more appealing to potential suitors.
Dead money for a year unless we flush out that manipulating bastard on the OTC that trades 100 shares of an eight cent stock. There's the issue !
If they were in a quite mode for merger negotiations then I would say no filing
Intresting? The press release states Monday as the release date. Not Monday "after the close " like all previous releases. And a Monday to boot. Ohhhhh boyyyyy!
The name change tells me that they want to either hide their Chinese influenced partners or that the acquiring company of Elite just restructured their deal. Sequestox now belongs to the new controlling company that we will be introduced to in a couple of weeks at the 2nd shareholders meeting in 6 months. We have 2 shareholders meetings in 6 years and now we have 2 in 6 months. Who is the new owner. There's major news coming at this shareholders meeting. I mean is it really neccessary to hold a proxy vote with a shareholders meeting? I voted many times without the company having a shareholders meeting. Just file with the SEC when calculated by the outside firm. Done. No ...Naz is going to add new issues when the meeting is opened. Get ready. The wait is over!!!
In prior conference calls , the Nasdaq was always mentioned as the target for an uplisting.
Why is it then that the recent filing by ELTP mentions ONLY the NYSE, Multiple times. Why NYSE standards and not the OTC or Nasdaq standards.
Besides , the article passed 823 million to 54 million (number represents both no and abstain votes together. Someone is raising a hair splitting contention that only slows down the inevitable.....Buyout-merger.
Did I mention that Lannett is on the NYSE.....hmmm.
Merger is here. It will be brought up just before June. Congratulations Longs.. The wait is over. We all need to change the date of 2014 on those Coffee Mugs to 2020.
Short interest down 10% from last week.plus two 13G filed for 5% ownership accumulation. Here we GO!!
Naz is hinting of not delivering future Q. reports because he will be Retired !! Carter will be staying on with the acquiring company. All CEO 's speak at their Q. reports and he knows this. Eltp is a prize and a perfect bolt on Company. 2020 is the year. Summer time is my guess. IMO.