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Management style: keyword, "unconscionable" 'There is the right way, then there is The Elite Way/ Nasrat's Way.'
That cash "ain't" in your hands. It is in Nasrat's. Which is
why while the company has shown a profit for back to back quarters
the price of the stock has continually fallen. Shareholders are of the lowest priority- considered a "necessary evil".
With the board calling for Nasrat's ouster we might have surpassed 10 million. Short of that, shareholders should plan on being shareholders for well beyond the foreseeable future as it is, "Same old, same old." as far as the eye can see with the dubious cast of characters we get to hear tomorrow.
. . . ". Accrued interest due and owing on this note was $405,000 and $345,000 as of September 30, 2020 and March 31, 2020, respectively.". . . Oh! Uh Yeah, this is where we say, "You're welcome Nasrat." instead of, "Thank-you Nasrat." . . . Maybe he will tell us we should be saying, "Thank-you.".
Chalk it up to "Friday the 13th".
On this conference call I would like to see and hear the whole management team, including our beloved CEO, do "The Nasrat Shuffle".
Elite Pharmaceuticals, Inc. To Host Conference Call To Provide Corporate Update and Discuss Second Quarter of Fiscal Year 2021 Results on November 17, 2020
Financials for Second Quarter of Fiscal Year 2021 ended September 30, 2020 will be released November 16, 2020
NORTHVALE, NJ / ACCESSWIRE / November 11, 2020 / Elite Pharmaceuticals, Inc. ("Elite" or the "Company") (OTCQB:ELTP), a specialty pharmaceutical company developing niche generic products, announced today that it will release its 2021 second quarter financial results on Monday, November 16, 2020. Elite's management will host a live conference call Tuesday, November 17 at 11:30 AM EST to discuss the company's financial and operating results and provide a general business update. Stockholders may submit questions to the company prior to the call.
Conference Call Information
Date: November 17, 2020
Time: 11:30 AM EST
Dial- in numbers:
1-800-346-7359 (domestic)
1-973-528-0008 (international) ...
Om and salutations to our exalted Sri Nasratji!
In keeping with the idea of embracing Loss as a great teacher
which you continually present through your actions. . . and in-actions as CEO and supreme Elite guru, should we not kick you to the curb most expeditiously? . . . With all due respect. . .-A Simple Bikshini
Yes, "Of course", "big money"!. . . This sounds like Thurston Howell III from Gilligan's Island.
Once again it is at the point where they have only themselves to talk to. And now we have the, "0001 stocks" kiss of death. . . . Clearly, "BUY. BUY. BUY."
Nasrat, there is a difference between simply being humble and having to be humble. True though, one way or another you are teaching shareholders about humility. So, in a sense you are a guru.
"Shree Nasratji"! -So you can have a real "non-profit" alongside
whatever it is you do here at ELTP. At least you can empathize with both Jets and Giants.
Let's hope the monster can keep the plant clean so we don't get another untimely citation.
Nasrat said he would not be answering questions on future conference calls. . . as it is below someone of his stature.
Question for Dianne in Investor Relations:
Would Nasrat lead us all in singing, 'Que Sera Sera' at some point during the next conference call?
When asked how he amassed his great wealth, a wise, venerable, northern New Jersey pharmaceutical executive stated, "It is simple really. After a LONG and at times difficult struggle, you create the conditions whereby the price of your companies stock should rise to the benefit of shareholders. Then, by various means you transfer that potential benefit to yourself through means that while reflecting poorly upon oneself are totally legal in today's marketplace. Bemusedly, he concluded, "We obviously don't care what we look like." (to the tune of 260,000,000).
"I'd run a tight ship if it weren't for me!"
-3 Guesses
In any event "ocbadger" said, "All that is important for the BUYOUT!!". Which is actually not far from my deeming "all that", "pig-lipstick". You might consider what "all that" will do for whatever horrendous buyout price ELTP might fetch and tell yourself, "I feel pretty. I feel pretty. . . "
. . . a highly technical variety of pig-lipstick.
One would like to think, worst-case scenario, the CEO and management of Elite are more "the norm", rather than "the exception". -Sad when as an investor, "exceptional" equates to "deplorable". If more and more instances of management teams such as Elite's come into being, when the really talented, bright, idealistic graduates enter the workforce they will ask among themselves, "How much are you paid to shut-up?"
Maybe someone here with industry experience could furnish Nasrat with a Rolodex -Sorry NAZ, that's, "Rolodex" not "Rolex"- and inspire him to experiment with ways to increase market-share/ market-penetration. Of course, suggesting he consider contractual
obligations and non-contractual mutually beneficial agreements with vendors and the like will be met with, "That's not how it's done."
-Hardly comforting for shareholders forced to witness the profound and protracted lack of dynamism. . . . When we finally do get news, will it be a desperate, paid promotion? -That's "How it's done" at the bottom of the OTC barrel.
One step forward, five steps back.. . . Like a
cockroach. . . Nasrat.
Ol' NAZ, New Jersey business whiz that he is might simply reply,
"Note. . . $0.03 x 260,000,000 = $7,800,000!" So, NAZ, how long ago did you come up with $7,800,000 as an acceptable amount for debasing yourself as CEO?
"Nasrat's do what Nasrat's do." said Pooh Bear.
"Nasrat's don't DO anything." said Christopher Robin.
In response to inquiries regarding just what exactly he has been up to, clearly now more than ever Nasrat cannot say, "Minding my own business." However, as regards the ownership. . . "Mine! It's all mine!" as he dissolves into a puddle, leaving nothing but a hat and a puff of smoke. Happy Halloween
"accept the share price.". . . O-ka-lee-do-ka-lee! Actually, as far
back as when Nasrat partnered with Sungen I thought there was a fair
chance I could lose my whole investment due to "poor management". I
don't want to take a sizeable loss, and I guess I believe in miracles of the type required for mgmt. to be a little less complacent and break the pharmaceutical industry mold which supports such a less than mediocre effort. -Easy to imagine Scott Gottleib singing the praises of mgmt. about the time we reverse-split or get sold for a nickel. On the other hand, Dreams can come true. In this instance it requires that some people wake up. -If ELTP has significantly expanded it's customer base and there is a sizeable increase in earnings this upcoming qtr., that would be "the bees knees". -Wouldn't it be nice if mgmt. could get some compliments from somewhere other than between themselves on the next CC?
How many Nasrat's does it take? . . .
-Half of one?
For the longest time doing some things in the shareholder's best interests would have made sense even to a northern New Jersey pharmaceutical industry thug. Now, well. . . why bother? It'll just be a question of whether or not they can "live it down". And of course, "The good ones make it look easy".
Long, long ago, I was hoping to put some of my profits from ELTP into senior-care for my now deceased parents. I wonder what Nasrat spends ELTP monies on. . . . A "City Called Atlantic" and so forth come to mind.
As I look at the profoundly disappointing negative impact upon my investment portfolio I take little comfort from the fact that for Nasrat, "It was never personal. It was always business."
To put it in easily understandable terms. . . The scores on the
exam correlate to prices such that a perfect score on the exam equals 100% and/or $1.00. ELTP and by extension Nasrat score 6.35% on the test. Let's put that on the refrigerator because it'll kill anyone's appetite. And hey, a lot of people have put on the pounds during this COVID thing.
I am simply referring to the stock's price movement when I use the term "Lazy-Boy". However, I can imagine Nasrat saying, "Heck! Compared to the rest of the gang around here, I'm John Henry!" in reply.
. . . It is getting old, "whipping a dead horse" if you will. And it could be deemed, "venting" which implies I am perhaps full of something. Finally, even the embarrassment of unending public ridicule won't motivate anyone in Elite management as they consider it part of the job. So, while it is Saturday and ELTP would be down if it could be, I guess I will take your lead and desist with whatever it is I do here.- It might be likened to getting the toddler to clean his room. I will say the toddler, taking the reins from Jerry Treppel, would have the stock on the NASDAQ by now. I'd like to see some faith in the leadership of the company by the leadership of the company, rather than another career vehicle in need of a tow. . . . What do you call buying shares in Elite Pharmaceuticals?. . .
"Cant go wrong between 3 any 7.
Yeah well, numbers are pretty arbitrary with ELTP-
We all can benefit from investing in Elite Pharmaceuticals if we learn to not let it happen again.
So. . . If Nasrat were selling Indian snowglobes out of the trunk of his car, I would probably buy one. . . maybe I would even buy a few. But, I very well might find myself saying, "You sir look much too much the shady type."
Wow! You must have money to burn!. . . "Deep pockets". . . like MIKAH
Wow!. . . Er, "Ow." (as a shareholder). . . There are plenty of companies on the OTC markets that post on average more than a post
a week. While they do so for varying reasons, most it can be said
do so because they are highly focused upon getting to a more desirable market. They're hungry. They're driven. If Elite's management is hungry, or driven assume it means they will take a taxi down the road to the Chinese place with the big fish-tank. . . . Will they "dine and dash"?
At least morale at Elite is not a problem. One simply has to
be thankful they didn't pay any real money for shares and consider the daily drubbing the stupid shareholders are taking.
Who Will We Partner With Next? Or, "Misery Loves Co." - Not only can we pay to avoid that 4-letter "W" word, but a new partner will serve the vital function of being to blame for the mistakes that are certain to arise. "Full Steam Ahead!"
Nasrat is truly an enlightened master. Through the practice of
"wu-wei" or non-action, he has caused all Elite Shareholders to realize that Ignorance is the cause of all Suffering.. . . -A noble truth illumined from the unlikeliest of places. . . While likening us humble shareholders to mushrooms one should not just consider our being kept in the dark, but also our being fed a steady diet of manure.
Arrrgh Nasrat! -One pirate to another- Didn't you hire a PR firm
some time ago along with the sales team to avoid doing things "in house"? In any event, we could use a good "pump" matey as soon
ya'll see we cain't bail fast enough!