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Odd. . . Most companies report progress by commenting on plans and goals and their creation and achievement. Here at Elite progress is measured by the number of shares held by the CEO as apparently substantive planning and goal-oriented behavior has been relegated to daydreaming. Who knows, as the company has apparently "gone quiet". What might the ominous silence foretell? Is there a monster on the way?
What. . . Nasrat aloof?!!! You can't blame Nasrat for anything.
It's those damn, blasted, lousy shareholder's fault! Next they'll be throwing shoes at him.! -Enough attention given to this horrible
blight for awhile- Vaya con Dias.
Hey Nasrat! Poor, lonely ELTP - in the RED when everyone else is GREEN! You need to get to Neiman Marcus. Get a green gangsta suit. Tell 'em the shareholders sent you.
When the share price gets to $1.35 by all means you should give at least 10% to Nasrat. Money will no longer be of much importance as Nasrat is going to assemble a fleet of spaceships to carry all such generous shareholders to his utopian community beyond the far-reaches of the galaxy.
Nasrat, -C'mon. . . Don't be embarrassed.. . . What's management's
favorite video-game to play while "at work"?
- "Inquiring mind's want to know.". . . Don't let that scare you, we
aren't the SEC, just POOR SHAREHOLDERS.
Nasrat. . . What is your exit strategy? People are speaking of
"the train leaving the station", I am assuming you are on board.
If Elite were a tree it would have a bright future. . . as firewood.
Were Nasrat to sell the company and get the share price to $0.25, I think that would be great. Of course,he will probably hold-out for $0.03.
As there has been no substantive news regarding the company in such a long time, I would like to note that once again it is time for the Elite Fall Festival Gala. As in years past, we wait in great anticipation for the unveiling of Nasrat's magnificent costumery
as he portrays "The Tree of Pharma". As we have learned through
the annual song and dance number, the tree not only bears fruits of all kinds, but it also provides shelter to The Creatures of Pharma. In any event, I am sure I will be brought to tears when Nasrat gives his rendition of, "It's Hard Being A Tree". Everyone has worked so hard.
Nasrat says a person with $30K can manipulate the stock price.
I say, "You must have at least $30K Nasrat. The time to get busy is long overdue."
Of course the "Time-Out" I gave myself for being
too hard on Nasrat involved a fair amount of chemically
induced self-abuse. -Kind of a, "Damned if I do, damned if
I don't." situation, as of course I could have been drinking
over the misery ELTP's share price might engender in one less
keen in the face of adversity. Not to wax psychological, but
next time I will be adverse to investing in a company led by
a @#$%&!, @#$%&!, @#$%&!!!! C'mon Nasrat, I am a much better
person on the high-seas. Now it's off for an 8 mile run.
We couldn't be happier with all the people we've given lots of
money and assets to because we're minimizing risk. When we didn't do a further bio-equivalence study on Sequestox, that was a risk. Now due to poor decision-making, we have a lazy response to a problem manifest through laziness. . . . in a word, "Sequestoops".
" Or, is it jealousy of Nasrat’s holdings?". . . Yeah. . . I want a suit like the emperor's. . . pun intended
People simply ask, "Why is the stock price so low?" and Nasrat's answer focuses upon numerous specific failed or failing companies in an under-performing pharmaceutical sector, some of which go BK due to a reliance upon predatory lenders. . . . That is a "can-do kind of guy" keeping his streak alive, i.e. he opens his mouth and the stock tanks in spite of what could be perceived as good news.. . .
Nasrat has enough shares that he will still do well even if the price stays where it is. That perhaps explains the ability to say such stupid things. He states he has "skin in the game", but in the not too distant future will he state how he didn't harbor illusions or entertain fantasies about getting to Nasdaq when his tenure with Elite is in the rear-view mirror?
What does Nasrat do?
"I heard the same BS just before ELTP ran to .97. ". . .
-How many times have we heard this B.S.?
Should a CEO be emotionally invested in their company?
. . . "I just flew in from L.A. and boy are my arms tired!"
The ramifications of my previous post being that the audited financial results could be posted at any time now.
Nasrat was "putting the cart before the horse", i.e. he needs to shut-up BEFORE we get to NASDAQ. . . . Asked about yesterday's drop in price, Nasrat might say, "I didn't say anything!".
Again. . . If you have ever had to conduct financial business with creditors, lenders, banks, etc. in Mexico, you were probably made aware of just how slowly things can move. It is truly a study in patience.
Waiting for the other clown-shoe to drop. . .
. . . and what an expensive brogue it be!
-Nothing to be embarrassed about here. . .
. . . except perhaps, "nothing"
Nasrat stepped in with Mikah because he could not afford not to. Subsequently, as for doing the right thing by shareholders from here on out, it appears he can afford to. It would certainly be in his best interest as at this point any blatantly self-serving actions would result in a clamor for his removal.. . . While we very well may have to hear how lucky we are to have such a wise and benevolent CEO for an eternity, there are worse things. I have to believe that in the end he will finally show the shareholders the bit of consideration that has been lacking during his reign.
As there are numerous instances wherein shareholder interests converge with those of Nasrat, I think we should see a significant rise in share price in the relatively short-term.
They keep checking the numbers over and over because they are good.
Really?. . . Or, no?!!!
Elite Pharmaceuticals. . . snatching defeat out of the jaws of victory. . . CC coming up soon! . . . New Jersey Jackals
Given recent developments PT should collect all the gold produced, wrap it up in butcher's paper, and throw it in the trunk of the Karmann Ghia. Then he should take it across the Sonoran Desert to The Famous Gold Buying Guy who will of course give him a generous amount for it. He should do this to satisfy the people who have doubted him all along. Or, he could be prudent.
"I wouldn't put penny 1 in Mexus until gold hits the financials.. . . My losses are down to 88.7 % from 90% Bully!"
In which case you will need significant upward price movement of a
sustained nature as when the price does move significantly it does so quickly. GLTA
Such that if Mexus were to report a sale of gold to a named entity it would mean nothing because said entity was simply enlisted in the ongoing scheme to defraud shareholders. . . As MEXUS progress accelerates, the "SCAM" grows bigger and bigger. And when the share price reflects that MEXUS is producing and selling gold it will all be gone virtually overnight, etc., etc. ad-infinitum
"All in good time." Normally business in Mexico proceeds at a geologically slow pace. A news release further verifying the production and sale of the stated amounts of gold should be forthcoming. GLTA
"Heavy Accumulation". . . Less than $30,000.00 traded today.
If the price does ever go up you will inevitably be in line
with everyone else trying to sell shares.
"Their own drill data do not show any evidence of a sustainable mining operation.". . . Assuming the criteria by which their drill data is said to indicate sustainability or lack thereof includes the operation of the mine according to your own set of rules and procedures, would any data ever show evidence of sustainability?
"Forward-looking statements" are just that. Thus, the ever-present, required disclaimers to that effect. Financial regulatory bodies acknowledge that it is human-nature to place an emphasis on the positive when considering future events that develop from current realities. Were persons, or companies, or birds for that matter to limit themselves to considering possible negative outcomes while working to bring about desired future events, inherent conceptual limitations would result in abandoned plans and a greater likelihood of failure. Birds would walk instead of fly. In any event. . .
. . . The price of MXSG has lagged behind a steady accumulation of positive news for some time now. -It should be recognized that given the limited exposure a small mining company trading on the OTC market garners, a concerted effort by a handful of detractors CAN in fact have a negative effect upon the share price. -At least until it becomes wholly apparent that what has been reported is in fact true and indicative of real financial growth.. . . I am pleased to report that it appears that Mexus has turned not only the corner wherein production will result in substantial profit, but also the corner wherein the proof of imminent success is beyond the reach of those who for whatever reasons feel a need to claim any positive news regarding the company as false.
All that mining knowledge displayed through the relentless fault-finding of a small mining company on an OTC stock board begs the question, "What happened?".
In northern New Jersey, a "family-owned" business takes on a whole new meaning.
"Best thing to ever happen". . . people frequently say exactly that about their cancer too. Gee- whiz, I guess you're right. It has been the best thing to happen at Elite with Nasrat at the helm. As for a course correction, after a very expensive lesson Elite has gone back to what it should have been doing.
Take away all the hype that surrounded the shameful Sequestox fiasco with it's many reasons for a CEO's embarrassment, and what is plainly visible is a complacency wrought from years of experience in
the pharma industry. Not a lot new here with an OTC pharma company diluting it's stock while management collects salaries and saves any "vision" for the search of their next expropriative gig.
I find myself yearning for the "good ol' days" when Nasrat was new at the helm, complaining about having to stay at a hotel while the share price dropped below the "absolute" bottom of $0.40. - Bonuses all around for a fluke spike in share price. Team Elite yearning for
bonuses as well?
The FDA sure does. . . . Thank-you Jerry Treppel. (Woof-woof!)
So any potential buyer isn't going to simply say, "Time is money. Thanks but No thanks!".. . . Sure Elite could get bought out. . . . There are plenty of sleazy companies that would be happy to add further insult and injury to Elite's beleaguered shareholders so as to make a penny. And they would be adding like-minded individuals to their team.
. . . For those inclined to avoid responsibility to shareholders COVID-19 may very well provide the perfect excuse to "fold-up the tent".