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Elites Board of Directors needs to be replaced !
Senior Moderator: IB_
Is this what NasRat says to post ???????????? Sure don't want shareholders to get together and replace the three Directors that allow him to go unchecked !!!!!!!!!!!!!
IB_
Chill ...It will fire back up once Elite is taken private by Mikah !!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!
NasRat's Plan is all coming together ........ As we have heard, "he saved Elite from bankruptcy" so if shareholders end up with $0.05 per share from Mikah, some will still praise NasRat,
IB_
LoL LoL ...... I stopped believing ANYTHING NasRat says, years ago !!!!!!!!!!!!!!!!!!
"TWICE" is really being kind:
https://investorshub.advfn.com/boards/read_msg.aspx?message_id=172253366
Hey Thanks A Lot aLmA,
IB_
Does the CEO pay well for this undeserving defense ???????????????
The LAST thing the CEO would want is for three new Directors that would not go along with anything and everything he desires !!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!
IB_
So, the Million Dollar Question: When did he file a "partial application" ???????? IF it has actually been filed !!!!!!!!!!!!!!!!!!!!!!!
" So we had to be quiet, wait till we filed a partial application to get the PDUFA date going, okay?"
IB_
I am noticing a big push of NasRat defenders ..... Almost looks like NasRat has placed defenders here to try and halt any action from shareholders to replace 3 of the 4 Directors that are doing an awful job at representing shareholders !!!!!!!!!!!!!!!!!
I'm going to state a FACT here: NasRat is the ONLY shareholder that is profiting from his association with Elite,
Hey Thanks A Lot aLmA,
IB_
Shareholders can't just pick and choose what NasRat says is the truth !!!!!!!!!!!!!
https://investorshub.advfn.com/boards/read_msg.aspx?message_id=172253366
Hey Thanks A Lot aLmA,
IB_
The highest bidder will be Mikah and we will get less than $0.10 per share !!!!!!!!!!!!!
I'll bet the CEO would vote YES on this,
IB_
Is that what NasRat said ?????
Hummmmm,
IB-
The share price is floundering and it has been for years ………….
As I said already, build it and buy what he doesn’t already own, for cheap !!!
Why trust/support NasRat after all these years watching him prosper and shareholders lose ????? I mean really,
IB_
Something NasRat might say ……………. Sure wouldn’t want 3 board members that represented every shareholder !!!!!!
Hummmm,
IB_
Oh, thanks
Good Grief,
IB_
Notice how the value of Elite is NOT increasing…………
Has anyone noticed that Elite is growing but the value of the company is NOT increasing ?????
How long has Elite been cash flow positive and yet the share price is at an all time low …….
Build the company and buy it cheap ………
IB_
The eventual buyer is soaking up shares in the $0.03 range, he is NOT going to pay anywhere near $0.35 unless it is after a massive reverse split !!!!
Mikah DID NOT wind down operations for a reason …. Not that anything he says has any merit, but did he sound like Elite was going to get 100% ownership of the Adderall …. NO …He is the one who sets the price for Mikah and he is the one who meets that price for Elite … why sell it to Elite if the plan is to bring it all to Mikah !!!!
Shareholders better wake up,
IB_
Lannett, The King is Dead !!!!
Hey Thanks A Lot aLmA,
IB_
I noticed that too !!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!
It will not be too much longer and he will execute his plan. Then all this will be over,
IB_
I guess its over ............................................
Today,
Hey Thanks A Lot For Your Service aLmA,
IB_
True, but if they find, shall we say "inexcusable improprieties" .... they are required to report them .........................
I would like to see Elite use an outside firm, but I highly doubt we will see that,
IB_
I doubt he will find an outside accounting firm that will agree to sign a non-disclosure agreement ......
Hummmm,
IB_
Oh but I want to believe everything the CEO says and does, even though he has guided my stock to roughly the lowest price in the history of the company and pays himself a very handsome salary as well as uses his position as CEO of Elite to take advantage of opportunities that benefit his private pharma company ........... Does that make me a moron ???????????????????????????
IB_
Or could it be that the CFO's refuse to do some of the things that they are told to do that may possibly come back and make them a scape goat ???????????????
I would love to hear the last 4 CFO's side of why they left,
Hummmm,
IB_
I just find it obvious that there is self-dealing going on and I take the explanation as to why the CFO was let go, with a grain of salt because I do not trust the CEO !!!!!!!!!!!!
To just dismiss a question like, "why did you not loan money to Elite when they had the opportunity to buy SunGen's 50% of the Adderall", just makes me think of a narcissist I once knew ...................
Notice how he never admits that HIS dilution hurts us, not HIM because he get's the shares from the dilution .................. also I'm sick of hearing him speak as if "The Board" & "Mikah" & "Elite" are all controlled by three entities, THEY'RE NOT !!!!!!!!!
IB_
He continues to refer to Mikah, Elite and The Board of Directors as 3 separate entities….. Does he not control all 3 ??????
IB_
A lot of “IF’s” in the call !!!!!!
IB_
As was said earlier:
“ Doesn't matter.
Nobody trusts the CEO”
Hey Thanks A Lot King,
IB_
Me too,
IB_
Just as I have been saying for years ………………….
Hey Thanks A Lot King,
IB_
I can answer that:
Because if he were to buy $3 Million worth of Elite on the open market, the money would not go to Elite "AND" it might raise the share price which would give him less shares as part of his pay package !!!!!!!!!!!!!!!!!!! If he were to buy $3 Million worth of Elite shares from the Authorized it would go to Elite, cause more dilution and not help the share price ................
Hey Thanks A Lot King,
IB_
Yes it does !!!!!!!!!!!!! But like the Mikah dealings and the loan to Elite, if the other 3 Directors were to say "NO" that is not in the best interest of Elite and it's shareholder's, it would not happen ............... If he arrogantly proceeded, there would be consequences !!!!!!!!!!!!!!!!!!!!
IB_
Yes, but that does not give his vote any more power ..... If you, The King & I were the other 3 board members for example ....... and we all three voted that The King be the chairman, he would be !!!!!!!
I just wish one or all of the ex CFO's would spill the beans on what is going on,
IB_
Not if the other Directors go against him .............. The CEO works at the pleasure of the Board of Directors of which this CEO is but one !!!!!!!!!!!!!!!!!!!!!!!!!!!!!
We need to replace at least 3 of the directors with 3 that will look out for the best interest of ALL shareholders,
IB_
That has already been answered !!!!!!!!!!!!!!!!!!!!!!
IB_
"How.much was their loan before and what was the interest rate"
Yes I am aware of the things NasRat "says", but he could have loaned Elite the money rather than scarfing it up using his private company, Mikah and everything about the deal would be above board and the arrogant/self-serving CEO would not feel the need to keep the price paid a secret !!!!!!!!!!!!!!!!! Plus, think how Elites revenues would look,
IB_
Now, tell us why NasRat can loan Elite money now but wouldn't loan Elite money to buy the other 50% of the Adderall so we all see the benefit ????????????????
IB_
The EWB Term Loan bears interest at a rate of 7.98% !!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!
IB_
Elites Board of Directors needs to be replaced !
Hey Thanks A Lot King,
IB_
Yeah, and what interest rate was Elite paying EWB .....................................
I can't believe the gall he has,
IB_
I don’t think “Dianne” or anyone involved in the “CC” would support a change in The Board of Directors ???? In my opinion, there is no “question”, we need new Directors !!! This “next quarter”, “next year”, “next CC” BS has went on for about 7-8 years too long ………
I put some time in on the Ibox as well and what I posted is what I believe to be the truth !!! I do not think that ELTP is a viable investment until I see some changes…. Not to mention, RED adds some color!!!
Hey Thanks A Lot For Lining It All Up King !!!
It looks nice,
IB_
Same Board of Directors, no rise in PPS !!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!
IB_