frisko6@yahoo.com
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I'm transferring money as we speak, retail, should clear by Friday, another 50 k at 3 cents
thanks for the advice.
No 2 Kool aid
WOW, one thousand five hundred buys 50 thousand shares, at 3 cents, almost ready to make a move, I've got some dry powder.
New Article, scroll down about 17 clicks on the wheel, I've heard this before, pharmacies will hang up if a caller asked about Add., they are afraid of being robbed, and also they are afraid of over prescribing and ending up in court like what happened with the opioid problem .
https://eu.providencejournal.com/story/news/local/2023/03/08/adderall-shortage-how-are-rhode-islanders-finding-adhd-medication/69958069007/
I see Epic's Adderall in Corning NY.
https://www.weny.com/story/48508558/concern-spread-over-the-demand-for-the-adhd-medication-adderall
On the shortage page, Teva just got a new update, their still having problems,
Never saw a write up like that before. A bit outside the box.
https://www.accessdata.fda.gov/scripts/drugshortages/default.cfm
Could be the perfect storm for Mr Kirkov next month
My two cents, for what it's worth, If a big Pharma wanted to buy Elite in order to sell Gen. Add. Say Pfizer,
they would not want to buy Elite just so they can make products for Lannett, Could be they waited so they could own the whole product, lock stock and barrel, This deal could be done in a half a day on a sat. peanuts to PFE, monopoly money, and a tax write off, , and they don't need a new CFO, they have many.
Thats odd, I don't see Bob Chen's name any more, on the site
https://elitepharma.com/management-key-employees/
but he's still on the board
https://elitepharma.com/board-of-directors/
We're coming down to the wire, lets hope the DEA is kind to us.
https://www.bloomberg.com/news/newsletters/2023-02-28/are-adderall-dea-quotas-contributing-to-the-shortage
We all saw this coming. of course,
Go to Orange Book and type in Lannett
https://www.accessdata.fda.gov/scripts/cder/ob/index.cfm
They been trying to hire a new Accountant for the last 4 days, hmm
https://www.indeed.com/cmp/Elite-Pharmaceuticals,-Inc.-1/jobs
There's an old saying about jobs (showing up is 80%) the other 20 is getting along with the other people you work with
The only thing I'm worried about is that Mr Kirkov sell's out the product, Elite may not be able to catchup. , with the orders, a nice place to be in
We have till May 11th, when the new reg.s take in, with Tellhealth, and others, come April1st. In 32 day's, Mr.
Kirkov should kiick it in high gear, hpefully he's already made his sales pitch and every thing is in order. Would like to se some 8K's, concerning contracts.
Works for me, , Tell med, just wants a script from a Dr. ,Millions can't get their scrips filled at their brick and mortar pharmacys, Enter:
Mr. Kirkov
Can only be good news for Elite,
https://www.huffpost.com/entry/biden-telehealth-rules-prescription-drugs_n_63fa4ff0e4b0735bf8782a0e
Interesting coment from Lannett.
https://www.cbs58.com/news/adderall-users-struggle-with-ongoing-shortage-while-reason-and-resolution-remain-uncertain
If I read it right, they have enough for their own customers but not the whole country.
OK. THX. Sounds good to me.
Ok ok, they wont re-label actually they dont need to, their name is allready on all the bottles, and as soon as they hit the bar code its recorded as a sale to Lannett,
Breaken up is hard to do, this could get messy.
I get you, wanted to ask the same. Q, , but its not like Me and Hulio down by the school yard, Lannett may have a boat load of product just waiting in the wings, in some warehouse somewhere, just getting ready to sell come April, with Elites lable on it, and they intend to wash the lable off and put on a new Lannettl
Of course there is a market over sea's , but Teva has it all locked up.
Kayak, I wanted to add a new thought, we are in uncharted waters, Elite gets their API allottment for the year, come April 1st, Lannett is on their own, do they have to act like a new company and get the bare minimun like all new players,?, We are in the middle of a huge shortage, of a C2, controled substance, but the FDA also looks at the past sales records, ,
Im out of thoughts, lol
Thank you Destiny, no words on black and white screen from me, can describe.
He will be missed.
Do we have to wear those Orange Jump suits again, ? lol
Thanks JD, I like that, they are calling Elite a Biotech .
good write up.
I agree Oliven , we can and should grow organically , no need for a split,
Looks like they finaly hired that raw chemist
https://www.indeed.com/cmp/Elite-Pharmaceuticals,-Inc.-1/jobs
I agree, the only reason they never got on the shortage list is because they have plenty of product in the warehouse, LOL
Just a guess
And I wanted to say imanjen, If you see a dip coming, won't the high rollers drive up the price, and just before the DIP,/Fins, sell 0ut. then re-buy back in when it bottoms .
econ 101
THX, for the perspective. .
That was my question to Dianne, about a 2nd shift, good to see, packaging,!!! they must be busy.
Your in New Jersey, Get Er Done, live in the real world
I'm not that worried about it, He's putting the money back into RnD, Nasrat is a stand up guy, if not, all those workers,43 employees, would have walked by now.,
instead, they hire more.
besides, it cost a lot of money to file andas, and nda's,
I do believe he is working and spending those profits. back into Elite .
granted a cure for toe jam fungus might not be on your to do list, but at least he's trying
I say it's being held down by competitors, Lannett will be one soon, Teva has got a lot of money.
So I'm trying to make sense of these numbers from Lannett, last Q,
How can the CNS numbers be down from last year with the shortage,
but did notice contract manu. has more than doubled. could we get a Suprise ?
https://app.quotemedia.com/data/downloadFiling?webmasterId=101533&ref=117210127&type=HTML&symbol=LCI&companyName=Lannett+Co+Inc&formType=10-Q&dateFiled=2023-02-02&CK=57725
you'll have to scroll down to the bottom
WHOA, we just hit 4 cents again.
I know the drill
(pathetic )
lol
THX to both
Ko49, I'm having trouble with the math.
if you had 400k shares at 65cents and then the split at 4 to 1, your left with
100k shares, next day opens at 2.60, now 3 bucks, in theory your supposed to have the same amount of money cept, less shares, so where are we with this equation. ?
So I'm looking at this Pie chart, is this correct, ?
https://money.cnn.com/quote/shareholders/shareholders.html?symb=ELTP&subView=institutional
34% owned by retail. ?
10 mill