Waiting for the next wave...
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Goatlanders are to blame. Not me.
They do everything to stop the growth.
Everyone should put them on ignore and move on.
Don’t ever dare call me names!!!
Let’s all vote now. Put your number of shares here and for or against the mikah deal
HGilS 2.4 mil. For.
Nasrat 320 mil for
Wise man I say!!!
total= 1 🐀
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The main bashers here are 2 posters joined at the lip.
A corporate action is any activity that brings material change to an organization and impacts its stakeholders.
These events typically need to be approved by the company's board of directors.
Corporate actions can be either voluntary, when investors choose to participate, or mandatory, when participation is obligatory.
Examples of corporate actions include stock splits, dividend distributions, mergers and acquisitions, rights issues, Contingent Value Rights (CVRs), spinoffs, name or trading symbol changes, and liquidation.
I did seek legal counsel from my friend chatgpt4.
As long as the board approved he is in the clear. Independently of Mikah’s business.
Topic closed!!!
Here is the answer:
First, it is possible for a CEO of a public pharmaceutical company to also own another private pharmaceutical company, either partially or wholly, as long as they disclose their ownership interest to the public company board and shareholders, and comply with any applicable laws and regulations. For example, Vivek Ramaswamy, the founder of Roivant Sciences, a private pharmaceutical company, was also the CEO of Axovant Sciences, a public subsidiary of Roivant, until he stepped down in 20181. He still owns a significant stake in both companies1.
Second, it is also possible for a private pharmaceutical company owned by a public company CEO to partner with the public company, as long as the partnership is approved by the public company board and shareholders, and is conducted in a fair and transparent manner. For example, CareFusion, a public medical technology company, partnered with Cardinal Health, a public pharmaceutical company, to distribute its products. CareFusion was spun off from Cardinal Health in 2009, and its CEO, David Schlotterbeck, was also a former CEO of Cardinal Health2. The partnership was disclosed and approved by both companies’ boards and shareholders2.
However, there may be some challenges and risks associated with such ownership and partnership arrangements, such as:
Potential conflict of interest: The CEO may have divided loyalties and incentives between the public and private companies, and may favor one over the other in terms of resource allocation, strategic decisions, pricing, and competition. This may harm the interests of the public company shareholders, customers, employees, and regulators. For example, Purdue Pharma, a private pharmaceutical company owned by the Sackler family, was accused of fueling the opioid crisis by aggressively marketing and selling OxyContin, a highly addictive painkiller, to the public. Purdue Pharma filed for bankruptcy in 2019 and agreed to pay $8.3 billion in settlement in 2020. Some of the Sackler family members were also board members and executives of Purdue Pharma, and faced lawsuits and investigations for their role in the opioid epidemic3.
Lack of transparency and accountability: The CEO may not disclose or report their ownership and partnership activities to the public company board and shareholders, or may provide misleading or incomplete information. This may violate the fiduciary duty of the CEO to act in the best interest of the public company, and may expose the public company to legal and regulatory actions. For example, Apotex, a private pharmaceutical company owned by the late Barry Sherman, was involved in a scandal in 2017, when it was revealed that Sherman had secretly paid millions of dollars to a former executive of Apotex’s rival, Teva, to obtain confidential information and sabotage Teva’s business. Apotex faced lawsuits and investigations from Teva, regulators, and shareholders of Teva’s parent company, Allergan4.
Loss of control and value: The CEO may lose control or influence over the private company if they sell or transfer their ownership interest to a third party, or if the private company goes public or merges with another company. This may affect the partnership and the value of the public company. For example, Roivant Sciences, the private pharmaceutical company founded by Vivek Ramaswamy, was acquired by SK Capital Partners, a private equity firm, in 2022. The deal may have implications for the partnership and the value of Axovant Sciences, the public subsidiary of Roivant, as well as other public companies affiliated with Roivant1.
Therefore, while it is possible for a CEO of a public pharmaceutical company to also own another private pharmaceutical company and have the private company partner with the public company, it is not necessarily advisable or beneficial. The CEO should carefully consider the pros and cons of such arrangements, and seek the approval and guidance of the public company board and shareholders, as well as legal and regulatory experts, before engaging in them.
I am sure that if weazhul or _IB or The self crowned king had a finished basement they would run to the tax office to declare it !!!
They also never got a driving ticket...
INTEGRITY IMPERSONIZED
MIKAH saved this company - this is why you are trying so hard to discredit it... lol
a bunch of 🐀🐀🐀
He had lawns for the goats - he misspelled the word...
Two guys and a router
Nasrat should have contacted a lawyer before using Mikah to help Elite.
Oh - He is a lawyer hahahahahahah - he knew he was not doing wrong - he knew the risk would be high for a lawsuit if he did something wrong. Nasrat is risk adverse - this is his number 1 quality !!!
maybe 100X - 🐀 rumors lol lol
You will not scare us - Going to BUYOUT !!!!
In the USA, a FREE COUNTRY, A company has the wind down, liquid their assets and open the business as many times as they want.
A company has also the right to make money and buy cheap and sell high . Go find another tree to bark at - Drama 👑
Mikah is an independent entity - all the transactions Elite had with Mikah were approved by the board.
Miklah could do anything - it has nothing to do with Elite.
Drama King this is what you are 👑 And a 🐀
Nasrat/Mikah saved this company - all the noise you can make will not change the facts - HE MATCHED the offer given to ELITE - I prefer MIKAH than Purdue as our partner !!!
Nothing illegal about that !!!
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Holy sh*t!!!!! - Nasrat is going to JAIL!!!!! - Or a least a HUGE fine!!!!! (Class Action Lawsuit)
I didn't realize this was RIGHT in the middle of Mikah having "ceased operating" and also "winding down and LIQUIDATING its assets".
LOOK AT THIS TIMELINE:
2015 10-K- "Mikah has accordingly ceased operating and is in the process of winding down and liquidating its assets."
2016 10-K - "Mikah has accordingly ceased operating and is in the process of winding down and liquidating its assets."
2016 - While Hakim was CEO of Elite in 2016, Mikah purchased trimipramine ANDA from TEVA divestiture.
2017 10-K - "Mikah has accordingly ceased operating and is in the process of winding down and liquidating its assets."
2017 - Mikah made supply & distribution agreements with Epic & Dr. Reddy - all of it while telling Elite shareholders that Mikah was dead. Two weeks after signing the distribution agreement with Dr. Reddy, Mikah sold it to Elite for $1.2M plus interest
2018 10-K - "Mikah has accordingly ceased operating and is in the process of winding down and liquidating its assets."
I think Sungen asked for the 15 Million not refundable they paid Elite for Sequestox... to be even...
Pharma will reply to you - but my answer is: Have you ever heard of teh concept of Investors who are in for a profit? lol lol lol
In other words, AMA you are a zoo: 🐵🐀🐐
Haha haha ha hah hah
Look what the 🐀👑 posted: The Press release he promised was postponed due to the rain... - We are NOT using Tam Tams to communicate in New Jersey lol...
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I see that it's raining in Northvale.
Press release WILL be issued sometime between tomorrow and February 26.
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Hey self appointed King: I am reposting this one so everyone is clear about it - The self crowned King is a 🐀
The way I see it is that Mikah saved us once for buying the adderall from Sungen and having a profit split with Elite
And Mikah saved us another time by not taking the profit split in their Bank account immediately upon receipt of the money from lannett and allowing Elite to use MIKA's money to fund Elite operation - and just write it in the books.
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Awfully quiet after this post:
https://investorshub.advfn.com/boards/read_msg.aspx?message_id=173917015
Lol.
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The link he posted:
Lol.
Nasrat LITERALLY has not received the Adderall profit splits yet.
THEREFORE, he never lent the profit splits to Elite.
READ the 10-Q.
Nasrat is expected to be paid the profit splits by March 31 according to Carter Ward.
Good grief...
Then he takes that profit split and loans the money to Elite so they can have cash flow
Hey self appointed King:
The way I see it is that Mikah saved us once for buying the adderall from Sungen and having a profit split with Elite
And Mikah saved us another time by not taking the profit split in their Bank account immediately upon receipt of the money from lannett and allowing Elite to use MIKA's money to fund Elite operation - and just write it in the books.
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Awfully quiet after this post:
https://investorshub.advfn.com/boards/read_msg.aspx?message_id=173917015
Lol.
He did the same to me - HGILS ID on Yahoo - impersonator - lame...
I have more in end of March and Mid april
4 million shares... very active in goatland today - closing the week
Let's all put namtae, Self crowned king, _IB on ignore and let's call it a day
So in teh last two weeks, the goats bough shares - accumulated as much as they could - now from multiple stations, they sell small amounts of shares while taking the price down - matching the 1-5 K share at a time. But the process starts with a massive short of shares.
When they take the price down enough, they start covering - this is how they make money... _IB and Fake kings etc...
Bear raid 1.6 Million shares in 25 minutes...
Pre-market butchery
No basis for your apparently
I think capt’n NAZ has his hands full with good productive work. He knows the buy out is coming big time.
News in Israel government authorized adderall in the list of drugs covered by insurance companies. Today. Waiting for dexcel approval.
I am convinced - I am in Elite since 2011 - I trust Nasrat and the company - this is the real thing - I wish Nasrat did something about it and contact the SEC to report the suspicious activity - like NWBO CEO did.
GoatLand is alseep - The self crwned king sleeps
Longs will prevail -> Buy-out will burry GoatLand
FFTFC !!!
Almost 4 million shares... weak hands
I think there may be another angle to the madness we are currently seeing. It is about the SPREAD...
When you have such a wide spread in % like on ELTP, it becomes a paradise for day traders...
It could be Purdue too, or goatland or Dr lowenstein - but it could also just the spread - that would explain the self crowned King mania depression and/or spilt personality. We will never know unless the SEC gets involved...
Like Pharma said - they did not cover yet - Goatlanders are patient - they will try to take it as low as possible to cover. I wish some approvals came NOW to deter them and put them in real trouble
There is no reason for the CEO to announce in the 10 Q of another company that the other company reopens.
The problem is that Goatlanders tricked you to think it is an issue...