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"The CEO has appx 300,000,000 shares and appx 79,000,000 warrants
The CEO also has a generous housing, auto, meal and other allowances
The CEO also has a $1,000,000 annual salary
Thats what the CEO has
Now lets talk about you
What you have is a 3 cent stock that you paid much, much higher for" !!!!!!!!!!!
It should not matter who post the TRUTH, as long as the post is the TRUTH and this post is THE TRUTH ,
IB_
So NasRat is Top Notch and we are at 3 cent per share for what, a few years now ?? because of legal/regulatory action ??????? It's up to the CEO to be successful in whatever field they are in .... It's like if he were the coach and owner of the worst NFL team ...... He would have been The Man had he got us to Dollarland years ago like he said he would BUT he did not and it's on him ...the 3 cent share price and the failure is on him ..............
IB_
I've not lied about a damn thing ..... All you do is Defend a CEO who has done nothing to create shareholder value for years & years ...he has actually decreased shareholder value ...... YOU ARE THE ONE WHO OMITS THE TRUTH ...................
NO SHAREHOLDER VALUE HAS BEEN CREATED BY ELITES CEO,
How do you like my contribution to the Ibox ??????? Should I add more,
IB_
He is charging Elite about 1% less than a bank but he is GETTING around 3% more on his money than a bank would pay him ..... 1% benefit for Elite, 3% benefit for NasRat ..... What is your benefit assuming you hold any shares ????????????????????
Uhhh NOTHING benefits the shareholder,
IB_
NasRat Defender, tell the board what price all those share were shorted/sold at ..... $0.90 ???, $0.80 ???? $0.50 ????? $0.35 ??????? what price were they shorted ????
If this stupid claim had any basis, shorts would have covered over the past several years below $0.05 and made a killing and moved on .... Nobody is claiming bankruptcy, so no one is trying to drive the price lower .... HELL IT'S PLENTY LOW NOW,
IB_
But it's higher than he could get at any back by over 3% ... The point that I was making was how NasRat benefits himself at every turn ......
We can all see what the company is doing and how well NasRat is doing ...I'm not "Omitting" nothing NasRat Defender !!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!
Shareholders GET NOTHING ... That is the point and EVERYONE here sees it ....
IB_
What's pathetic is watching you crawl out of your hole to Defend a CEO who has done nothing for shareholders but enrich himself at our expense !!!!!!!!!!!!!!!!!!
IB_
Ended what "toxic financing" ?????????? He partnered with a company and rode their coat-tails to 50% of Adderall ...that stopped LPC dilution BUT that did NOT stop the NasRat dilution ..................
It's frustrated shareholders that are tired of the self-serving CEO ... No bogeyman that you try to use to deflect from how he is taking full advantage of the company without doing anything for shareholders ....... It's 3 cent per share ... $0.03 day'um cent after all these years and it has been $0.03 day'um cent for years ... NasRat just continues getting free shares on top of his $500,000.00 per year salary and VERY GENEROUS Perks .... Who wouldn't be happy with his set-up ..... $3 Million at what 9% interest ... He runs the business, if the SHTF he sells the PAID FOR Property and pays himself back FIRST .... 9% and really less risk than a bank account .............
At every turn he squeezes whatever he can out of Elite ..... What do we get for years now ...3 pennies per share if we want'um !!!!!!!!!!!!!!!!!!!!!!!!!
IB_
Just the flip side of the BS "Paid Basher" label ................ BUT it does make more sense .... How could anyone who has been invested in this as long as you & I, Defend NasRat after all the failures and the lost years that we have had our money tied up in this stock that he has lead to 3 cent per share ?????????????
Do you think that NasRat would be ok with shareholder activism ???????????????
IB_
"Not sure why you choose this strategy to promote ELTP, but it's not working."
Paid to Defend NasRat and distract away from anyone thinking about taking action to call him into check !!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!
IB_
I try and put myself in other peoples shoes and I can understand why a CEO that had COMPLETE control of a publicly owned company would not want any shareholders to get together and make a change that would hinder my COMPLETE control of the company that I am taking full advantage of !!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!
So I understand your position as a NasRat Defender & Distractor here ...............
IB_
"Well, when your house is not for sale, nobody comes and makes an offer on it. There will be offers on Elite when we have better financial statements and we put Elite out there just like we did with Epic and other companies that have been a part of."
This is just another BS answer during the call ................... There are multiples of people who's job is to find and acquire undervalued companies, they need not be "FOR SALE" ...... NasRat is a BS'er in my opinion and does not give a damn about how much BS he spews to us ... In my opinion, he has NO RESPECT for any of us,
Hey Thanks A Lot aLmA,
IB_
What is your explanation as to why after 10 years as CEO and almost 10 years as Chairman of the Board, why is the share price 3 pennies per share ????????
Why is NasRat profiting from Elite in multiple ways, while we sit holding a stock that is at historic lows ???????????
IB_
How has NasRat made you a profit on your investment in Elite ????????????
IB_
All True !!!!!!!!!!!!
Now let's look at how much time he has had "10 years" and how you and I have benefitted/lost value in those 10 years ..... He pretty much promised us SequestOx, didn't happen, he has set goals/dates to uplist to the Nasdaq a few times, all failed and don't forget all this BS he has been feeding us WHILE WE LOST VALUE ... He mentioned "Dollar Land" multiple times over the years and we both see how far away that is .... Now look at the benefits he receives from Elite ..... the filings tell the story .....
He is doing quite well, while we get nothing for our patience and investment .... How many years has he had you & I in the RED and basically stuck in this stock unless we want to take a loss ?????????????????
NasRat has failed the shareholders but taken care of himself,
IB_
Saying that the Board of Directors needs to be replaced is not a fact, is an opinion !!!
The fact is, The Board of Directors needs to be replaced………
Hey Thanks A Lot aLmA,
IB_
“The Ibox is where the facts of Elite are posted” !!!!
I Agree ……….
Hey Thanks A Lot aLmA,
IB_
Elites Board of Directors
needs to be replaced !
Senior Moderator: IB_
Posted: 6/5/23
You don’t own any shares unless you are paid in shares to be a NasRat Defender ….
How many of those HUNDREDS OF MILLIONS of shares went to LPC after he got shareholders approval to increase them …. HuH, NasRat Defender ???
You are skirting the truth to Defend NasRat so shareholders do not stick together and elect a new Board of Directors …. Little Lawyer sure don’t want that !!!
IB_
Why would you say that ???????? Nobody is happy with $0.03 - $0.04 per share except maybe NasRat, so why defend it ????????????
IB_
On what date will you tire of the same old conference calls and earnings report that never brings any shareholder value to You & I ?????????????????
When have we had enough,
IB_
Right, but did you expect it to be HUNDREDS OF MILLIONS over what he needed, and then after he did, he started awarding himself $500,000.00 worth of shares as the price fell ??????????????????
The thing we shareholders lose sight of is, we are on the same side and we are not only not prospering, we are at a loss .... The other shareholder is doing quite well while he waits or plans or whatever he is doing ... he is MAKING MONEY from Elite in many various ways !!!!!!!!!!!!!!!!!!!!!
Elite has not needed to dilute to stay solvent for years now, now it is greed that causes the dilution ......... would you agree ???????????
IB_
When you voted "YES" to NasRat raising the Authorized Share, did you think he would Authorize just enough shares to cover his conversion, or did you expect him to Authorize HUNDREDS OF MILLIONS more shares than he needed to convert ????????????????? Is $500,000.00 per year in cash/salary not enough compensation for what he is doing ????????? Is it right for him to continue diluting our shares for his benefit ????
IB_
"Elites Board of Directors
needs to be replaced !
Senior Moderator: IB_
Posted: 6/5/23"
May not be popular, but it is The Truth !!!!!!!!!!!!!!!!!!!!!!!!!!!!
Hey Thanks A Lot aLmA,
IB_
He is just here for attention ..........................
IB_
See, this is all ludicrous when you apply common sense to it .... it is meant to distract from the real problem ....................
So, "IF" Elite had been shorted YEARS ago when it traded at $0.80 or $0.70 or $0.60 and so on, then that might make sense .... But they would have covered their short position years ago, they would not have held their profit all these years when they could have covered at $0.03 or $0.04 and took the money .... Shorts are not the problem.
IB_
Everyone knows that short sellers ARE NOT holding the stock price down .....it is all a distraction from what the real problem is !!!!!!!!!!!!! The important question is, what are the NasRat Defenders trying to distract investors from ................................
NasRat's $500,000.00 worth of shares per year is based on the share price even though the shares he gets does not come from the market .... So the lower the share price, the better for NasRat .... also NasRat hurts the share price everytime he takes those 14,000,000 +/- shares because then there are 14,000,000 +/- new shares added to the outstanding share count ...brand new shares !!!!!!!!!! Everything that is happening benefits NasRat .... How are you & I and the other shareholders benefitting ?????????
IB_
"NO ACCOUNTABILITY" leads to self-serving !!!!!!!!!!!!!! That is what we have at Elite .......
IB_
Long term shareholders are tired of NasRat's self-serving BS ............... He is grossly overcompensated for his performance and to intertwine his privately held pharmaceutical company with Elite is unethical as hell !!!!!!!!!!!!!!!!!!!!!!!!!!!!!!
NasRat Defenders don't care, they are only here for a paycheck, right ............HuH
IB_
How much does NasRat pay his Defenders ????????????????????????????
Don't want shareholders sticking together and disrupting his plan, HuH ...............
IB_
NasRat is NOT going to step down !!!!!! We need to replace the 3 board members with people that will look out for our best interest and buck NasRat on every self-serving move he wants to make .... a 3 to 1 vote will stop him when it is not in everyone's best interest !!!!!!!!!!!!!!!!!!!!!!! BUT "IF" that were to ever happen, the 3 replacements day'um sure can't be hand picked by NasRat,
IB
I agree, he has grown the business but either the dilution has outpaced the growth or there is a more telling reason for the share price to have gone in the opposite direction ...... I even remember Jerry stating that the dilution would be coming to an end soon and yet it continues and it is the CEO who is doing it ....... When he had shareholders between a rock and a hard place to vote to increase the authorized shares "so he could convert back to common", have you ever wondered why he authorized around 400 million shares above what he needed to convert ?????? That was a shady move in my book .... He is not up front and honest in my opinion ... Remember the question about how much he paid for the Adderall when there was talk of Elite acquiring it ?? A smug chuckle and "Mikah is a private company" ..that is just double dealing and low class when HE IS MIKAH !!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!
I agree 100% on a share repurchase program but Ido not expect to see one ... I see a 1 for 50 reverse split in the future and if the share price sinks, I expect he moves forward with his plans ............ I don't believe he wants the share price to increase. He does not do ANYTHING to promote the company ............
IB_
You may be correct on that reason he is not paid all in cash but I believe the reason was that Elite can't afford to pay him all in cash when it needs a $3 million loan from him ?????? Hell man, we know HE IS THE BOARD .... Those 3 elderly men don't tell him what he can or can't do .....
I hope I'm wrong on why he is accumulating shares, but I don't think I am,
IB_
Does NasRat pay overtime to the NasRat Defenders ?????????????????
Does he pay in cash or use his free made up shares to pay his Defenders,
IB_
There are those here that do reject that ........
Do you agree that NasRat has overcompensated himself with salary and shares along with the bloated housing and automobile perks ???????? He goes unchecked on everything he does, while you and I have been invested for over 11 years ? Without gaining a dime and there is no doubt in my mind that both of us are underwater on Elite while the CEO profits in every way possible ........ 6% in a CD is not good enough for the little lawyer, lets just throw everything in our salaries and R&D and I'll loan Elite a few million at 9% ....... Fouck NasRat
IB_
The NasRat Defenders are here to make everything that is a concern into a joke ...... If you were NasRat, would you want shareholders to stick together and do something to change the 9+ years of lost shareholder value ?????????????????????
Shorts would not just sit on their gains FOR YEARS, they would have covered in the $0.03's and moved on years ago ...... The NasRat Defenders are here to distract shareholders from the truth and shield NasRat from any responsibility .............
IB_
Elite not only has employees & investors, it also has attention seekers !!!!!!!!!!!!!!!!
IB_
For attention !!!!!!!!!!!!!!!!!!!!
IB_
"Why would you do that ?"
What we are seeing is NasRat being defended with hyperbole to distract from the truth that Elite's CEO is the only one prospering from Elite ........ Everyone knows that he is only out for himself and that's why the chart looks like it does .. no one is buying shares that amounts to anything, it's all BS or the share price would be where NasRat predicted it would be YEARS ago "Dollarland" not sub-nickel land !!!!!!!!!!!!!
Does ANYONE here think that NasRat would like an active Board of Directors..... NO
IB_