Waiting for the next wave...
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It will have to be inspected anyway.
from the last CC:
Elite has other products in the formulation development stage that has not reached a reportable milestone yet. We will update you on them upon reaching these milestones. Regarding the facility and infrastructure, with our success in moving to direct sales, Elite is expanding our inventory and packaging space to meet the growing demands.
We have taken an additional 34,000 square feet to support expanded packaging inventory and warehouse. We closed the deal and took possession of the facility, literally right across from our manufacturing facility in January.
Now the hard work begins. You first need permits for construction, to modify the inside of the facility and separate it into two parts and what have you. We are working with IT and servers and installing cameras and ADV security.
We're working on setting up the Vault and working with the DEA of what else do they need, the form of securities Vault in order for them to come in and approve the facility. We purchased the packaging line. Now we need to deliver it and install it, qualify it, make batches on it, put these patches on stability and file or ask FDA for approval.
Have the FDA come in and inspect the facility. At the end of the day, we'll have duplicate equipment for manufacturing and packaging. We already have validated and qualified our Niro. So now we can make pellets. We have three times the capacity of making what we used to. We have bought a new encapsulators and a new packaging line.
On the packaging line alone, once this packaging line is qualified and operational, we will have two packaging lines and the capacity actually will increase by three to four times because the new packaging line is a lot faster and more modern than the old one, which was really a very good packaging line.
In summary, Elite has shown strong growth this quarter and is executing its strategy of commercial, sales and distribution and research and development growth. We look forward to talking to you again about more success in June when we filed the 10-K. Let's go through Q&A.
As I said before, Carter handled all the financial questions and there were a lot of them and many of them came in late last night or early this morning. I will be addressing the nonfinancial parts with a couple of comments in generalities about financials.
Another marker...
I respected the silence of the whole basher team since Ramadan started. I even sent them wished of easy fast and Ramadan Karim - in both english and Arabic.
But when the self crowned King goes back to his keyboard to throw venom at Elite and Nasrat while he is fasting, I also need to remind him that he is not in his normal conditions and he may think of not posting while fasting or eating something as he impacts my investment.
Apparently fasting does not work for you - you should eat something...
@Winechemist - Thank you again for your insight into Elite Pharma. I knew I would be rich soon - you just gave me some more assurance.
Wishing you and your dad the best of health so you can enjoy the investment proceeds
I have so many plans ….
Will upgrade to st Regis ….
You can’t have too much
I do not believe people are stupid enough sell this gem - we must be shorted.
Please put a sell of all your shares at $8.00 a share so they cannot be borrowed.
We are getting a beating... Welcome back AMA...
I have seen 8950 shares traded today by 11:30 AM
Not at all - go back to 6th grade - I believe that should be enough
We did have it before - what changed?
Ramadan Karim
????? ???
?????? ?????
Are you serious?
Do you really believe what you are saying?
Don't you get it?
Do you know why every time people talk of number of shorted shares it goes with the time it will take to cover?
You could have 10 Billion shares, and 1.6 million shares shorted, if your volume is 300K shares per day, it would take 5.5 days to cover, and the damage to the share price could be huge.
So what?
What is important is the volume being traded not the outstanding number of shares.
There is not 1 billion shares traded daily - there is few hundred thousands shares traded daily unless we have a big PR where we reach 5 million shares maximum. So 1.6 Million shares DO count.
It is not enough to quote numbers, you need to make sure your brain knows what to do with them
I posted the article to remind everyone that ELITE IS SHORTED - all the naysayers explaining that it is not worth shorting a stock like Elite lol can you refute the FACTS?
When we have an event, and we reach 5 millions shares traded in a day, these 1.6 Million have a big weight !!!
Elite sees growth in short interest - published 3 hours ago
https://www.defenseworld.net/2024/04/03/elite-pharmaceuticals-inc-otcmktseltp-sees-significant-growth-in-short-interest.html#google_vignette
Buckle up
I propose we do a pregame in June !!!
Found this in my work email. : Vegas Bliss on a Budget—Up to 60% Off Hotels + 4x Points!
Any taker?
Not sure the offer is valid for 22 months though
U welcome
Think Bigger
Booby trapped...
I bought 50 at 0.153 - order executed - and it triggered a buy at 0.14856
22 Months to Buyout - I waited for April 2nd to post this - so there is not doubt it is not an April's fool joke
On va etre riche !!!
J'apprecie
Bonne Journee.
Jimr1717 - are you still around? I thought you sold and left at 15 cents..
I do realize - but it is not new - we knew NH received some payments in shares - that was accrued.
We ASKED FOR the ESPP plan for the employees - so I am Ok with it.
But think of the upside of these 33 catalysts we have in our back pocket.
I hope you do not behave like your Alias says - and that you think of going long.
I hope we hit number 12 in June
Actually 12 to 20 (at least) are possible before June 2024
NASDAQ2020, can you please post your 33 NON DILUTIVE FACTORS? AKA Catalysts?
Thanks
Hahaha - dilutive filings ...
hahahhahahah
You deserve the Goat I will put on your post Jour.
Bonjour
jimr1717 put a marker for his folks ...
Tuesday, April 02, 2024 10:46:01 AM
Post#
398597
of 398603
.14, .09, .02 Zzzzz
This one maybe?
Pharma Sleuth
Re: None
Monday, September 11, 2023 10:58:10 AM
Post#
387649
of 398588
Want to see something weird. Been trying to backtrack to verify some things. Been too busy to give it much time
https://www.globaldata.com/company-profile/elite-pharmaceuticals-inc/deals/
I would not be surprised to see an announcement for going to NASDAQ and or changing calendar before the next teleconference...
@NASDAQ2020 - found it for you
JamesF1
Re: Pharma Sleuth post# 387649
Monday, September 11, 2023 11:32:27 AM
Post#
387658
of 398578
Methotrexate market: https://www.coherentmarketinsights.com/market-insight/methotrexate-drugs-market-5276
Hi Kayak,
Please explain - we have not seen any revenue from it...
Where does all the cash reported come from?
Hi Jour,
The pros and cons of having Mikah as partner versus any other company that has no affiliation with Elite were discussed in length in the past. I am surprised you are not aware of them.
I am happy with the current setup - waiting for buyout...
April's fool !!!
--------------
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."
For what...?
Wow - What a short sighted viewpoint...
From the Q4 2022 results Teleconference..
Why did SunGen sell its 50% interest of Adderall or why didn’t Praxgen want to keep it? Again, it’s the same company. They sold it because they really did not have the money. They would have loved to have kept it. On a side note, this is from the Co-CEO, the best and most successful relationship they had was with us that’s produced Amphetamine IR and ER.
And they would have loved to have kept that and made money, except they lost their Chinese financer. And when they had no more money and a ton of things that they are working on and employees, they needed a cash infusion and that’s why they came to us. Elite did have the money and then end up selling it to Mikah. They were desperate for money and they wish even until today, they had the money to keep it, okay.
Research and development, product pipeline. We were co-developing a fairly big CNS drug with SunGen, and then it got put on hold. Is it back on again with SunGen or Praxgen? We acquired the right to proceed with the -- that product, the SunGen levered system product. So we will be proceeding with it ourselves. Actually, we are working on it.
So you are not aware of Mikah purchasing 50% of the Adderal ANDA's that resulted in the millions of revenue we have today?
hmmmmm...