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Gross profit margin increase is due to much smaller margins from contract mfg that was lost. So incremental margin dollars, but not profit %.
Simply stated, we lost a less profitable customer...yet one that was still critical to the ongoing ops.
Was just looking at that. Less than I had anticipated for YTD.
And long term holders...
Results won't be published until after hours. It is Friday that will have a big swing.
When has Elite made any progress? How long has that Warning letter been in place? How long have they known about methadone contractual issues? How long have they known about the SequestOx Tmax issues? I could go on, but I'll let you catch up on the times.
Rumplestiltskin has been trying to spin gold from hay for years, but doesn't mean progress is being made.
I misspoke - BE did not pass muster, PIII did. I think someone else corrected me.
Program is not progressing. It is halted. They are praying they find a resolution. Until a resolution is found, SequestOx program is halted, plain & simple.
But the P3 wasn't a success with fatty foods, which is why the program was halted. Additionally, management failed on their 3 backup options. What investors hear and what the company actually does are two very different stories.
Nice business degree. Lol
Basic financial investing teaches that it isn't about having enough money, but rather allocating whatever amount you do have to get an optimized return. That whole optimization part with Elite is what is missing. Nasrat isn't bringing any sort of ROI to those that bought over the last 4 years. Perhaps if you bought a little under 0.06, but over 4 years that return is laughable, especially when the stock peaked at just under a buck a few years ago. Shows that the CEO is adding zero value and zero trust he has the ability to execute anything to add value to Elite.
Bringing Nasrat on board was a do or die situation. Nasrat has created a marriage to Elite with his significant current ownership and what is still owed to him, regardless of what shareholders think of his results. No getting rid of him.
Not yet...
So are Flinstone vitamins. About as comparable.
That only makes sense since the stock doesn't have any further to drop. Lol
Ray Charles
You don't like the Sep 10th date for the upcoming call? Lol
Helen Keller has greater attention to detail.
At least Elite is consistent...consistently piss poor.
Yet...lol
Looks like Xtampza is stealing the cheese. And so many here thought there would be no sales of it.
Even if Elite's ADF Oxy gets fast tracked, until the warning letter is lifted, it is worthless and the dilution machine keeps going.
Current products are worthless so it wouldn't matter either way.
Dilution to oblivion is just as bad as bankruptcy, except the pain is prolonged.
I am actually surprised Nasrat doesn't try to buy the company and make it private with the sheer ownership he has. At least that seems the most logical to me if he did believe in the company. And it would be 5-10% higher than market price....
The financial statements are the proof of the dilution and lack of revenue. That is public record.
Yes, authorized is 1B.
Got it.
Weird. I could have sworn I responded to commentary that you mentioned a new video from mgmt that you wished would have come out with P1 results.
Video?
She has avoided my questions for Q&A, doesn't return emails or calls.
They have nothing to do with each other.
Completely agree with you, but they did once trade on the Amex and happily have normal IR controls. Financial controls on recording of contractual revenues are a different story.
Effective 4/15. Sounds like the date corresponds to a 10-Q date anyways.
Please share any large company that does this. Would love to see this.
This appears to be a company that is clueless about managing their financial information.
You know this comment is complete garbage. The standard for a public company is to only divulge shares outstanding in Q's & K's. Would be ridiculous otherwise.
Moot point. Sucks at both.
I don't believe that comment one bit. We know there has been no movement on the warning letter & inspections. It makes the most sense that investments had to be made to processes, controls, systems, equipment at a real cost with no money all they can do is dilute. That is what I believe is triggering all the sales.
Without a warning letter lift, yes that is absolutely true. Generic Perc may bring in some cash if company gets that far, but generics are getting saturated.
Same. Zero. Millions expended. Zero return. Other than Trimipramine. Lol
Stop the BS. As of today, Elite has no competition. Elite has no sales and is therefore is not a competitor.
Tell me how many sales have those ANDAs brought in? Sales are the same before and after Nasrat - pitiful.
If they did, they would buy at this level about 3x cheaper than last time CEO bought unless he isn't the most knowledgeable on the company's future performance.
Wonder why management isn't buying at these prices? These are almost at historic lows for the management team. Several years running the company. Zero value added according to the stock price.
Chart is historical. Completely ignores inept management's future destruction.