Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.
Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.
True !!!!!!!!!!!
Any particular price per share that would be irresistible ??????????????
(I won't be competing for the shares, so it's ok to tell me) :)
IB_
Probably so, it's at 24.5 Million now and losing $18.00 per share but that's how it will get to that Billion Dollar Market Cap !!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!
Langston Economics,
LoL LoL,
IB_ :)
"I’ve got some powder I’m keeping dry in the Roth just in case we see some shenanigans after they report on this current quarter." !!!!!!!!!!!!!!
If 3 cent is not low enough to burn that "Dry Powder" on buying some shares, what price is ??????????????????????????
IB_
It's not only the CFO's leaving Elite ............ Ever notice how ever so often Elite has jobs posted, yet their employee count never seems to increase ?????????
We hear so much talk about NasRat selling the company, why would he do that ..... He is king of this little castle and he is rewarded too well for what he has done for shareholders ..... I don't believe he has any intention of selling the company,
IB_
What has NasRat EVER got FDA approval for on his own "without the help of a partner" ??????????????????????
IB_
"Overpromising and underdelivering is frankly the death knell of any small-cap company, but it’s especially punishing for uplisted companies because they are often unknown and lack institutional sponsorship. When uplisted companies start out their lives on Nasdaq or NYSE by failing to achieve the expectations they’ve set for the market, it’s nearly impossible for them to recover.
ELTP is the king of over promising and underdelivering. I have been saying this for years. If you want to play on a bigger exchange you need to at least attempt to act like it."
Exactly !!!!
IB_
"Lol...okay "Angie" From your posts it seems you have never lost money on a stock play before. Guess what--I don't believe you. I both don't believe you have never lost money on a stock, or own "1.7" lol"
Exactly !!!!!!!!!!!!!!!!!!!!!!!!!!!!!
IB_
What The Hell Are You Talking About !!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!
Elite does NOT need the Skipper of that sinking ship,
IB_
Looks like someone finally bought & sold 3000 shares !!!!!!!!!!!!! LoL LoL
Probably just the MM creating some action,
IB_
"Well, you don’t know what the stock price would do after announcing and completing a buyout either but you 100% would reduce the supply of shares and that SHOULD lead to a rise in price"
Yes, I see no risk/downside in a share repurchase program as long as the bills are paid and the company continues to be cash flow positive ....... I think most shareholders would agree, the only shareholder that benefits from Elite, is the CEO ............
IB_
"A million bucks is 33,333,333 or thereabouts at .03 right now, maybe less whatever associated costs? Plus the press of doing that could completely change the sentiment."
EXACTLY !!!!!!!!!! The sentiment alone could do wonders for the share price and it would be a step in the right direction toward rewarding shareholders for their decades of support & patience ...........
Bringing the outstanding share count to under a Billion would be a nice milestone as well,
IB_
I agree ... maybe not pause R&D completely, but allotting some money toward a share repurchase program would show a willingness toward increasing shareholder value .... If the shares are "400%" undervalued, now would be a great time to take advantage and reduce the float .... I know the focus is on marketing right now, but if that proves successful then a share repurchase program should be implemented next ............ If the Board of Directors truly believes that the CEO deserves $1 million per year in compensation, then they should pay him and stop diluting the shares !!!!!!!!!!!
IB_
"Eliminating R&D would make Elite much more profitable than they ALREADY are."
I agree .... Elite's R&D has cost investors and wasted many years with no returns ..... I say pause R&D and buy back shares until ELTP trades at $0.40 and NasRat should STOP THE DAY'UM DILUTING !!!!!!!!!!!!!!!!!!!!!!!!
Hey Thanks A Lot King,
IB_
"Based on a conservative PE ratio we should be "AT LEAST" 400% higher than where we are today."
Would that not mean that NasRat is way out of line by diluting/making up out of thin air, about 14,000,000 shares for his own benefit per year, instead of around 4,000,000 if he had the shares trading at what he says they should be trading at ?????????
I know they need to establish the marketing arm of the company now but once that is rolling and Elite has revenue of around $40 million, a share repurchase program would help us all and the Board needs to STOP THE DILUTION !! I mean Day'Um, it was LPC for years and now its Elite's own CEO diluting us ....
Hey Thanks A Lot King,
IB_
This could be Uge for SXOOF longs !!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!
LoL LoL,
IB_
I concur King,
I believe most savvy shareholders know that Mikah is the frontrunner to acquire Elite !!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!
Hey Thanks A Lot King,
IB_
They are more talk than anything .............................................
IB_
Burger King ????????????? What difference does it make ......................
I heard the same BS 9 years ago, "Oh wait! Where did Mr. Hakim previously worked again?" and look at where he has lead the shareholders,
$0.02900 per share, that's where,
IB_
So, if "Current market cap is 29 million" and the share price is roughly $0.03 per share then "6 cents is only 30 million" is BAD MATH !!!!!!!!!!!!!!!!!!!!!!
After all the years upon years of Dollarland & Nasdaq talk .... $0.15 per share would be a total failure by Elites Management in my opinion !!!!!!!!!!!!!!!
IB_
When the stock trades at $0.03 per share, is 100% above market value .... FAIR ????????????????????????
$0.06 per share,
IB_
What difference does more revenue make to the retail shareholder ????????
Has Elites revenue not continued to climb, while the share price has continued to fall to all time lows for many years now ????????????????
Who benefits the most from higher revenues and all time low share prices ???????? Who get's over 14 Million shares per year on top of $500,000.00 in salary and tens of thousands per year in perks ????????????????????
Who through their connection to Elite, seen a great opportunity for themselves and stepped in and treated themselves to 50% ownership in Elites only real revenue stream ?????????????????????????
Why can't shareholders come together and stand up and say ENOUGH OF THIS BS ????????????????????
IB_
"Problem is no one will pay what Nasrat wants as they will view his share count as extremely greedy."
I disagree ..... I believe Mikah will view "what NasRat wants" as a gift,
IB_
What price per share will Mikah pay for Elite when the "poison pill" that "NasRat" will not renew, expires ????????????????????????????
HuH,
IB_
"But I keep being told this company is worthless" ..........................
By who ??????????????????????
IB_
"I’ve yet to hear anyone convincingly explain how him taking over the company cheap makes him more money than selling the company to someone else. He’s got what, over 300,000,000 shares?"
That's a really tuff one there ........ Let's see if I can explain this: "Taking over the company cheap" and "selling the company to someone else" at a higher price would make him A LOT more money, if the company is undervalued as so many have said !!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!
300 Million or so shares should not be as valuable as well over 1 BILLION shares ........ PLUS Merging Elite with Mikah gives him 100% ownership of the Adderall products ........ Remember him saying that The Poison Pill will expire this year ??????????????
Hummmmm
IB_
If that is true, then buying an extra 1 million shares of ELTP last year in June, has proven to be a bad investment !!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!
Seems like more & more Elite investors are changing their view on the CEO .... GOOD !!!!!!!!!!!!!
"Not so sad that I bought an extra 1 million under .035
;)"
IB_
"Elites management continues to work on improving business operations and fundamentals !" To who's ultimate advantage, is the question that I believe continues to depress the share price !!!!!!!!!!!!!!!!!!!!!!!!!
IB_
What have I posted that is not factual concerning NasRat ??????????????
Shareholders have the power to change the Board of Directors and the CEO works at the pleasure of the Board of Directors .............
I do not "trash the company",
IB_
Unfortunately, we have no idea what the hell NasRat might do !!!!!!!!!!!!!!
Was he expected to continue operating Mikah ?????????????
Was he expected to "partner" Mikah with Elite ??????????????
Was he expected to cost the company if shareholders did not allow him to increase the available share count ?????????????????
Was he expected to raise the available share count by HUNDREDS of MILLIONS more than he needed to convert his shares ??????????
Was he expected when he came to Elite in 2013 to drive the share price DOWN to three pennies per share in 10 years while diluting the outstanding shares count ????????????????????????
Who expected any of this ????????????????????
IB_
"DUTIES:
Responsible for all aspects of a commercial operation for the manufacture and packaging of pharmaceutical products according to Food and Drug Administration (FDA) guidelines and Good Manufacturing Practices (cGMP) for generic and branded products which includes planning, scheduling, and executing the commercial requirements;
Manage raw material and component purchasing for production and become expert in ERP system;
Responsible for directing the staff in the maintenance of production equipment and facility;
Prepare operation schedules and ensures production staffing is adequate to support the production schedule;
Create and maintain all master documentation, SOP, MBR PM Calibrations etc.;
Is responsible for managing and coordinating all activities and ensuring complete and accurate documentation;
Is responsible for all safety incidents and quality deviations that occur during manufacturing and responsible for the thorough investigation and timely reporting of such;
Troubleshoot production problems, document findings, and implement solutions while providing all information to Management for risk assessment;
Support product development group in activities required to support the introduction of new products;
Writes, revises and trains on Standard Operating Procedures within the department;
Collaborate with cross-functional leaders to support continuous improvement initiatives to drive operational excellence and maximize efficiency;
Organize and improve material storage and flow to eliminate losses and improve efficiencies;
Clearly communicates with subordinates and superiors any directions, issues, etc.;
Hires, trains, evaluate and disciplines personnel. Maintain training programs in compliance;
Lead, coach and motivate manufacturing / packaging team;
Primary responsibility for all Serialization activities;
Complete other duties and tasks as assigned."
IB_
My post did not make any specific accusations, only a general consensus on the ridiculous support for how Elites management continues to fail at creating shareholder value !!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!
IB_
Yeah like $0.015 is only a 50% loss !!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!
It just amazes me at how Elite and its management can continue to kick investors in the groin, yet still be praised,
IB_
I remember hearing this same BS about buying Elite cheaper and how Elite was going to DollarLand & The Nasdaq "SOON", back in 2011 ............... Well it has only fell lower since then ..............................................
Let's stop the NoN-sense about how it would be great if Elite went lower,
IB_
Didn't NasRat lower the threshold from $0.10 to $0.03 to sell shares to LPC ????????????
I believe Elite was, or about to be, cash flow positive at that time ????? I don't think he ever sold any shares to LPC at or below $0.03 ????????????????
The market may wonder why he lowered it to $0.03, basically where Elite has traded for years now ................
Remember when NasRat asked for shareholder approval to raise the authorized shares so he could "convert his shares back to common." ???? How many shareholders that voted YES, had any idea that he would raise it hundreds of millions of shares MORE than he needed to convert ???????
In my opinion, NasRat is the reason the share price is $0.03 per share and going nowhere anytime soon ..........................
Hey Thanks A Lot King,
IB_
I agree, I believe a successful marketing arm should be established and revenues seem secure and going in the right direction first ........ but I do not believe NasRat/The useless Board will ever issue a share repurchase program and IF they did, I doubt they would move toward implementing it, aggressively !!!!!!!!!!!!!!!!!!!!!!!
IB_
I agree, some get out of a shady company before the hammer drops and they become the scape goat !!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!
So many warning signs about Elite's management, no wonder the share price is near all time lows,
IB_
I didn't say he should borrow $10+ Million to buyback shares ..... I was making a point , that "IF" Elite were to buy back shares, it would drive the share price up !!!!!!!!!!!!!!!!!!!! I do not believe that the CEO wants to drive the share price up until he completely controls all the shares !!!!!!!!!!!!!!!!!!!!!!!!!!!
IB_
Any chance these CFO's are becoming aware of some shady business practices is why they get the hell out of Dodge ?????????????????????
IB_
What the hell are you talking about ??????? When there is REAL TRUE buying, ELTP would go UP in share price !!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!
If NasRat were to begin a share repurchase program, it would drive the share price up .............................................
Goodness Gracious,
IB_
Yeah, Elite got caught in "The Perfect Storm" and sank to the bottom !!!!!!!!!!
IB_