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Hysterically funny. Here's a fact. . .they were all unsubstantiated opinions. Just opinions. . .no proof provided at all.
I see. The company had up to three years to retire this debt. So, did he go out and buy himself a crystal ball, look into the future three whole years and see that Elite would not have the money to pay up? Nah, the way I see it he saw potential in the company and immediately chose to be paid in shares.
And how was he paid the $10,000,000 owed to him? Well. . .he elected to be paid in shares rather than cash.
Actually, the ANDA's were purchased by a convertible note.
No2, I think you may have misread my post or did not see the bottom portion of my reply. The quote referred to below was not made by me and in fact I was taking issue with the BS alleged in the material. I do enjoy reading your posts. Keep them coming.
GLTU
Is this the same kind of misapprehension (misunderstanding) where I was promised ELITE traded on the Fankfurt exchange. . .or ELITE is a
goner. . .or SequestOx is finished/toast. . .and on it goes ad nauseum?
That's what I thought. . .just more BS as USUAL
No proof. . .no link = BS
Prove it.
What a load of BS.
Well. . .this prediction did not happen.
And conversely. . .how could a trade take place if there wasn't a BUYER? LOL
A seller at 213K shares? Sounds like BS to me. This shows a buy of 213910 shares at .093
I wonder if ELTP is trading on the Frankfurt exchange. Nope. . .just more ludricrous BS
Yep. . .that's what I thought. No proof given. . .none in existence to provide. Thanks.
Should be easy to prove. . .right? Waiting. . .
Total BS. There was no promise of a $5.00 share price for today or any other day.
At no time has Elite ever said its two bead system will prevent an overdose. The system will prevent an opioid high as a result of crushing/snorting, dissolving/intravenous or other methods of tampering/ingesting the drug. There is no technology out there that will prevent an overdose by swallowing too many opioid pills. I think if more DD had been conducted this inaccurate opinion would not have been made.
Nah, the only BS here is the ludricrous statement claiming there is a ratchet down price.
More credibility issues:
Again, we are talking about credibility here:
No, the price is not in the trips and will never be despite the ridiculous, nonsensical predictions.
Strange indeed. . .this is what I am seeing as of one minute ago on page 5.
08/26/2016 Ratzlaff Ranch Inc. San Francisco District Office Juice HACCP/CGMP for Foods/Adulterated/Insanitary
Conditions Not Issued *
08/25/2016 Elite Laboratories Inc. New Jersey District
Office Postmarketing Adverse Drug Experience (PADE) Not Issued *
08/25/2016 Lima & Pergher Industria e Comercio S/A
Center for Drug Evaluation and Research CGMP/Finished Pharmaceuticals/Adulterated Not Issued *
08/25/2016 Pan Drugs Limited Center for Drug Evaluation and Research CGMP/Finished Pharmaceuticals/Adulterated
Not Issued *
https://www.fda.gov/ICECI/EnforcementActions/WarningLetters/2016/default.htm?Page=5
rocioyogi...I am seeing Elite's letter (dated 08/25/2016) on page 5, third from the bottom.
Now that was good read. Thank you for that.
Hi NASDAQ I have noted the "Letter Issue Date" column on the left side are dates listed in chronological order. Elite's issue date is 08/25/2016. If I want to find Elite, all I do is scroll through the pages until I find the 08/25/2016 entries. Right now ELTP is listed on page 5, third up from the bottom. GLTU and all other investors
https://www.fda.gov/ICECI/EnforcementActions/WarningLetters/2016/default.htm?Page=5
Now that is total BS. Nasrat did not say, at any time, he would get SequestOx approved in July/2016. Good grief
For what it is worth, messages have been posted here claiming to have shorted ELTP.
Dr PeteRose MLB. . . I could not have said it better myself.
Then I would need to see proof where Nasrat or anybody else from Elite has ever used the word "promise" in a PR or during a CC. I have seen words/phrases like. . .objective, we hope to, propose to, etc. etc. etc.
no proof = total BS
Yes, Nasrat missed an objective by a whole two weeks. The word objective is not finite. . .it is not, "Ï will do definitely do this on this day." Geez Heck, my dog has an objective to crap on our lawn at least twice a day. Yesterday, this only happened once. . .I guess that makes my dog a liar too.
I believe it was stated in one of the CC's that the objective was to file the SequestOx NDA by the end of December.
What is in front of my eyes was the BS opinion that there was a ratchet price for the J series; not true. . .the BS opinion ELTP was being traded on the Frankfurt exchange; not true. . .SequestOx was dead; not true. Good grief, I could go on and on. Yes, I looked at what was in front of my eyes and all I saw was BS.
There is nothing "objective" about these sources when all I see is total 100% negativity.
You're welcome but I think the information stated by Ward (CPA) carries for more weight with me when it comes to matters of financial information. When it comes to completing DD I tend to go with material diseminated by the company rather than uninformed sources.
Thank you Carter Ward for correcting the BS that is being spewed. As stated, there is no ratchet price for the J series or Lincoln Park transactions. The word of an insider/management carries far more credibility for me.
"Secondly, the recent drop in our price per share does not and cannot cause any ratchet in the Series J or the warrants and that sells of shares of Lincoln Park -- to Lincoln Park also do not cause a ratchet regardless of price. I want to get a technical in the Series J and in the warrants Lincoln Park transactions are defined as exempt transactions, meaning exempt from ratchet, no ratchet.
The number of shares and price at which they convert is not affected by decreases or increases in our ELTP price per share and is also, I just said, not affected by any shares which are sold to Lincoln Park."
https://seekingalpha.com/article/4123694-elite-pharmaceuticals-eltp-ceo-nasrat-hakim-q2-2018-results-earnings-call-transcript?part=single
Thanks, but there is no conspiracy. The information presented to support such an event is complete nonsense.
Like I said no proof of improprieties was presented and none will ever be provided.