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Because I labeled him The King !!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!
BUT The King has been known to post some BS ... Like "Elite does not need a new Board of Directors" ....... Of course they need a new BOD,
IB_
Promote the company Dianne and stop lying !!!!!!!!!!!!!!!!!!!!!!!!!!!!
IB_
I did not address the question to a DA, Blind, NasRat Defender .... I addressed it to another stockholder that is probably as frustrated and fed up with no shareholder value being created as I am ..............................................
IB_
"I’ve brought up in my CC Q’s that I think it’s time (past time) for a share buyback program, all salaries in cash and a more aggressive IR outreach. If we can afford to spend hundreds of millions on R&D over the years, we can afford to spend 500k-1M+ on a buyback, even one would change the general calculus/sentiment around here."
100% IN AGREEMENT,
IB_
I do not believe the stock will drop too much from here BUT I don't know when or IF it will ever make us any real money .................................
Go back to the first part of 2016 and read the bullish post that encouraged others to buy in the $0.40 & $0.30's ..... were they correct ?????????????????????????
I mean really, all of us would have been much better off if we would have followed Dr. Lows advice and not any of the pumpers ...... things have only gotten worse for us,
IB_
You and I have debated how I think this will play out in the end and I understand that we disagree ......... How do you see this playing out ???????????
IB_
You are wrong as usual… the share price continues to remain in the gutter while you hero NasRat prospers from Elite ……… DA
IB_
You have ZERO credibility !!!!!!!!!!!!!!!!!!!!! You are here to Defend NasRat and to cause distraction until Mikah executes the takeover ...............................
The stock is in the gutter and has been for years, in spite of your constant defense of NasRat ...............
IB_
My Buddy !!!!!!!!!!!!!!!!!!!!!!!!
IB_
Nope I don't get paid to bash a stock, but I sure got paid selling this loser short .....
LoL LoL,
IB_
Yeah Yeah Yeah and all of you lying NasRat Defenders are buying the hell out of the shares, that's why the stock is skyrocketing in price .............. You NasRat Defenders are all FOS !!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!
IB_
Yeah Yeah Yeah and all of you lying NasRat Defenders are buying the hell out of the shares, that's why the stock is skyrocketing in price .............. You NasRat Defenders are all FOS !!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!
IB_
Important History and history that should not be blindly ignored .... Plenty more between then and now ....................................
Great DD, provided by: The King of the DD,
Hey Thanks A Lot King,
IB_
The pay raise is not nearly as bothersome as the "Complete UNCHECKED Control of EVERYTHING" !!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!
What CEO does BS like this ????????????????? A CFO that sees improprieties can be a whistleblower, but hey a CFO that is the CEO that is the Chairman of the Board and President of the company .... UNCHECKED .... I believe in the end, he will smile and say, I love it when a plan comes together !!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!
RED FLAG after RED FLAG ....... But hey, NasRat saved the company from bankruptcy .... The main question is, who did he save it for,
Hummm,
IB_
I believe this is something that needs to be looked into now ....... Had I known that when Jerry brought NasRat on as CEO that NasRat would continue to run his own private pharma company while acting as CEO of Elite, I would have sold every share of my ELTP holdings above $0.78 per share ...............................
Hell it looks to me like he can do any damn thing he wants to do UNCHECKED !!!!!!!!!!!!!
In my opinion, he runs Elite like a Dictator,
IB_
I did not suspect that for years ... But after he added soooo many share above and beyond what was rational and then the share price fell below a nickel and he gets around 14 million shares yearly, then I suspect he is up to something good for him but bad for us .... I'm not gonna sell for 3-5 cent ... I mean if He squeezes us out, hopefully he will pay more than a nickel ????????????
I would like to see him stopped,
IB_
It is constant and relatively slow but who should know that better than NasRat .... yet lets go back and think of all the unmet goals and timelines over the years even though he knows the FDA process .... 10 years and he has got you & I nowhere .... Are you in the red on your shares ?? Me too ...... What would Elites revenue be if NasRat had assisted Elite in acquiring the other 50% of Adderall, rather than taking it for himself through Mikah ???? Self-serving, would you agree ???? He could have loaned Elite the money and charged interest but I think we can all agree that owning 50% HIMSELF was a better deal than doing what was best for Elite and it's shareholders .... You might not want to admit it on this public forum but I believe in your heart & mind, you know the Little Lawyer is not looking out for us ...................
IB_
The Rat knows EXACTLY what he is doing ..... I'm sure your post was sarcasm and you agree, The Rat is not a dumb as* but he is out for himself and left unchecked, we will be left disappointed !!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!
Hey Thanks A Lot aLmA,
IB_
"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_