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Elite entered into ADHD market and now time for Pain market and Generic Oxycontin is around the corner.
NASDAQ here we come!
Cheers
Thanks
Thank you
Sorry for your loss! Seems you have missed a few important opportunities, first the millionaire run and then if not mistaken you purchased at 40 cents and been in red since then.
Exactly!
I had a plan to increase number of my ELTP shares a few percent more this week and had an order to buy only over 180,000 shares ( had to break to multiple orders or allow fill partially and tried every day) but it was really tough to get filled a small order like this but finally now Fully filled!
Moral of story is we have a company with 1 billion outstanding shares and a super tiny order for 180,000 can not be filled in a few minutes or a day, it is 0.018% of total outstanding shares. What does it tell you? I would say it is unbelievably undervalued and when time comes ( which is getting closer and closer) this tiny small OTC company shock many people but not many of us long here. We do know what gem we own!
GLTA
Good morning, I'm with NASDAQ2020, on this so I say $60,000,001.00
GLTA
Hey NASDAQ2020, I feel like it too we may actually skip 40 and 50 and lands at 60 even without Generic Oxytocin and othe needle movers
Cheers
Correct observation 👌
I think the drug shortage most likely play a big role here foe good surprises GLTA
Thanks Winechemist. Much appreciated
When the Q4 revenue numbers comes out? Q4 will be first quarter with Prasco
Just got this message from my bank: Your order for ELTP placed on May 10, 2024 at 07:55 ET has been filled.
When will we have next conference call?
Thanks NASDAQ2020. Elite with Nasrat leadership targeting all of them.
GLTA
Thanks Prk! Love the photo.
If someone still staying for years, they obviously believe in the future of Elite with current leadership by Nasrat. Period.
Now nagging and spreading doubt or bashing is the tool of market makers and day traders to make a few cents here and there, but many longs here are for the big numbers 7 digits..
Also, don't forget a couple of those needle movers are getting close to the finish line, Generic Oxycontin, Vyvanse, Concerta...
Don't forget that the stock market is a device for transferring money from the impatient to the patient.
Good luck
Thanks Winechemist for the clarification. We always appreciate your expertise
Exactly Pharma Sleuth! Many still on denial of the only reason Elite is having record sale year over year is Adderall and Nasrat made sure to keep it within the Elite family. Simple.
Even if he keeps the 50% Adderall ownership, his decision made Elite capable to fund a few needle movers like Generic Oxycontin, generic Vyvanse, generic Concerta and more to come.
We are going to have year over year record sale till buyout within a couple years or so
Numbers never lie!
Thanks Pharma Sleuth and Kayak for the comments.
Good morning WeeZuhl ,
I see how smart you are fear mongering on this old subject. The other self appointed king is bi polar and change his agenda quarterly to make some money. You do the same but under cover.
Here are the fact, did Nasrat breach fiduciary duty? No, because he gave the option to Elite board and wanted all of the Adderall to be owned by Elite. Elite could not afford so instead of selling it to others he kept it within the family. He protected shareholders from outside investor which could lead us to a bigger challenge.
You know the mind bugling point here is you guys were cool if Sungen or another company owned the half and nobody become upset but now that Nasrat helped to keep it inside your are mad and bring the lawsuit up. Sorry but fear mongering is not working lol
Another point that shows he rescued Elite and did not breach fiduciary duty is proven result of his actions, means record breaking yoy revenue and a bunch of ANDA needle movers that have been filed with FDA.
He definitely protected shareholders interest. Simple.
Remember Numbers Never Lie! Just look at financial reports of last 5 years.
Nasrat is an investor and he took a path to have the most ROI for him and Elite. 50/50. Elite didn't have money at that time so in fact he could buy the whole Adderall if he wanted. Anyway, you like it or not, it is LEGAL and it is what it is and you CAN'T do anything about it. There was another option that Sungen could have sold Adderall to another buyer.
Again, he rescued the company and now all of this record breaking revenue year over year is because of his decision.
No go keep nagging! Nothing is gonna change the only thing it may help you to do a little day trade or average down. If I'm not mistaken you got your shares at 40 cents or so I know it hurts that you have been in red for years now but you still can make money if you stay long a little longer.
Many of us true long here got in very early and been GREEN for long time now and not selling at these prices! LOL
I think you don't get it. Mikah "LEGALLY" , yes i repeat legally owns part of Adderall. You like it or not, it really doesn't matter. It is a fact and nobody can do anything about it. Go get a lawyer (if you can afford?) and report back to the board here what they would tell you.
Nasrat with Mikah rescued Adderall before Sungen sell them to others. If he wouldn't done that then we didn't have Adderall which is source of all these revenue growth. Now, you don't like it, you don't like it. Can you do anything about it? Simply NOTHING! go and talk to 10 top law firm in the country.
Now, if Nasrat want to merge it to Elite or keep it after buyout or whatever that is his decision. My only hope is he sell it back to Elite but remember if he does that that wouldn't be free he will get millions of dollars or millions of shares. So be prepared so you don't nag then. LOL
WRONG AGAIN!
Nasrat was a fighter and still is. He proved all bathers are wrong.
Numbers never lie!
I already like our new KING! :)
Congratulations on your inauguration, may God bless you as you drive our great Elite family to greater and greater heights.
Cheers 😀
Lol you are funny 😁
Totally agreed. He is a very smart CEO and I remember at certain point Elite only had Lodrane which was forced to stop manufacturing it due to FDA policy change. That was one of the time that Elite could have gone under water. Then Nasrat become CEO a couple years after and within 10 years now we have an OTC company which has annual sale of $40M+ and in a year or two we will have $100M+ sale in my opinion. Plus we have been cash flow positive for many years now and with a very strong pipeline and lots of needle movers drugs.
Nothing happened by chance rather than with a great leadership and by someone who cares for shareholders, including himself.
Numbers never lie!
Cheers
WRONG! Nasrat navigated us nicely through many storms in the last few years! Hat off for him.
Imagine GoatLand and a GoatLand King. It's hilarious
Great post! I feel it's over. Case closed!
Re to Vyvanse, let's cut the annual sale by half:
2% of $2.55B ($5.1B/2) is $51M
5% of $2.55B ($5.1B/2) is $127.5M
10% of $2.55B ($5.1B/2) is $255M
Interesting ;)
Numbers never lie!
Re to Vyvanse:
2% of $5.1B is $102M
5% of $5.1B is $255M
10% of $5.1B is $510M
Numbers never lie!
Great looking list. Thanks! I feel like another one will get checked very soon.
Cheers
I think we will be breaking 0.2 barrier this week.
Just my 2 cents!!
Good morning Winechemist. Your comment regarding Vyvanse totally makes sense. I'm excited about Generic Oxycontin too. I just hope after that approval they also chase SequestOx or the patented version of ADT Oxy without Naltrexone which is 90% cheaper to produce, I'm refer to below comment from Nasrat.
“I am extremely excited about this formulation because it is also a platform that applies to all the IRs and its about 10% of the cost. So we're extremely excited about this, but it's still early, in the next few months once Dr. Smith files a patent and we do a few more trials, we’ll update everyone more about it. “
Thanks again Winechemist for your insight Much appreciated
Morning Winechemist!! Thanks for the reply and your input. Your expertise is always appreciated here.
So 8% of 1.56B Adderall ER is $120M+ that is a big number for a small Elite.
What is your opinion about Elite Generic Oxycontin and Purdue lawsuit and also Generic Vyvanse that possibly get launched in 2024 by Elite?
Thanks again and congrats with your achievements and launching new ANDA.
Cheers
Hi Winechemist, hope all is well! We are over due for an analytical post from you about Elite. I love to hear your expert opinions about our situation now and what would you think about our future at Elite with Vyvanse, Concerta, generic Oxycontin, needle movers.
Thanks in advance