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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_
Eight cent will look like Ten cent when SXOOF was trading at Twelve cent !!!!!!!!!!!
LoL LoL,
IB_
“ The Company had no source of operating revenues “ !!!
Ok, if that’s good news, Congratulations,
IB_
Is this BS supposed to convince Elites shareholders that we don’t need a new Board of Directors ………
Look at the chart over the past 8 years and it will show the value all of this “Defend the CEO BS” has brought shareholders !!!
40m in revenues bothering you? HAS BROUGHT SHAREHOLDERS 4 CENT PER SHARE
Launching of marketing and sales in all 50 states? HAS BROUGHT SHAREHOLDERS 4 CENT PER SHARE
Don't think people will buy Adderall? THEY BEEN BUYING ADDERALL FOR YEARS AS THE PRICE FELL
All the other drugs? HAS BROUGHT SHAREHOLDERS 4 CENT PER SHARE
Trials underway bother you? NO BECAUSE IT IS LIKELY TO BRING SHAREHOLDERS 4.2 CENTS PER SHARE !!!!
How much does the little CEO pay for defending him ????
IB_
There he is ........ NasRat's Defender !!!!!!!!!!!! Don't want the 3 elderly board members replaced with someone that might care about the common shareholder, HuH !!!!!!!!!!!
Cheeseburger CEO Defender ...............................................
IB_
You're Welcome !!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!
Hey Thanks A Lot aLmA,
IB_
The CEO needs some defending … he sure wouldn’t want shareholders to stand up for themselves and say after 10 years of your BS broken word, we are going to elect and new board of directors and the three new directors we’re going to force you the CEO to act in the best interest of all shareholders not just in the best interest of yourself !!
How much does a defender of NasRat ????
IB_
How is this helping the SXOOF investor ??????
IB_
Plenty of people read the 10K & the 10Q's as well as listen to and read the conference call transcripts, yet they do not want to pay $0.05 or more for a share in this company .... Is it the company that they do not like, or is it the man running the company that they don't trust ??????????????????
IB_
Elite is an investment for some and a way to hopefully get some attention for others !!!!!!!
IB_
I agree that the MM's are controlling the share price, but why are they keeping it depressed and who does it benefit ????????????????????????
IB_
Why are you worshipping the little lawyer when he does NOTHING and has done NOTHING that has been of benefit to you for many years ????????????? Would you like to see NasRat and three new board members at Elite ???????????????? Oh NO, the little lawyer doesn't want that, HuH
IB_
I have been posting since before The Lawyer took complete control of Elite and my post were much more hopeful at the end of 2013 and going into 2014, but since the spike in share price fell off, it has been one disappointment after the other and now we are clinging to $0.04 per share ............. I know you are here to defend the little lawyer that has taken over Elite but you are WRONG in doing so and I think you know it, but it is what you are here to do because I think we all know that the little lawyer does not want 3 new board members that may look out for other shareholder's best interest !!!!!
NOTICE I NEVER CLICK BEARISH, NEVER HAVE,
IB_
This is an ignorant accusation ........ Who would have held this short after all these years ???? A short would have covered at $0.03 years ago and moved on .... This has been dead money for everyone, for years, BUT the shorts were the ones who could cover and go elsewhere with their profit !!!!!!!!!!!!!!!!!!!!!!!!
I was not "sent here" but when someone defends the actions of a CEO that has cost people paper loses and years of no shareholder value, then that sounds like someone who was "sent here" !!!!!!!!!!!!!!!
How about shareholders replace 3 of the Board members ..... Hummmmm .... Oh no, NasRat wouldn't want that UNLESS he could hand pick them, right ??????????
IB_
I'll tell you one damn thing, there are plenty of NasRat defenders who wish they had listened to Eatman's advice years ago !!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!
That's a FACT,
IB_
I have been around a long time too, “too long” and I think “probably not thrilled” is being too kind … I would even guess that you are much more disappointed in the CEO’s attention to creating shareholder value than not thrilled???
I agree 100% that a share repurchase program would be the best way to increase shareholder value the fastest….
He is growing the company but the value of the company is not following, he is gaining in his share count…. How many shares does he control ??? I believe if he can control 90% he can take the company… Then I believe he would start running with the high value drugs and yes, sell the company but you and I will not be around for that because we will have been squeezed/bought out !! Look, I hope I’m soooo wrong but it seems clear to me that he is out for himself and we ALL are a nuisance to him !!!
IB_
May it be the rosy outcome that you predict actually be "THE FUD" ?????? I mean is has been for many years now ............................
You were bullish on the stock in the $0.30's ...... FUD ?????????????
IB_
I expect he is soaking up all the shares he can until he and those that are with him controls 90% of the shares, then he can exercise a squeeze out and pretty much give us what he wants to for our 10% !!!!!!!!!!!!!!!!!!!!!!!!!!!!!!
I do not expect to see any major "Proven" fundamental improvements before the reverse split ...... And he may not do a reverse split, he may just pay us under the current share structure ................
You have been here around the same amount of time I have, how happy are you with the CEO ???????????? Would you agree that he is doing pretty well for himself while we hold less value than we did years ago ?????????????
IB_
I agree because I am not here on the behalf of the CEO to quash any shareholder activism !!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!
I believe he needs just a little more time to make Elite his own,
IB_
An investor who has seen their investment in Elite do nothing but lose over the past 9 years while the CEO prospers and uses the relationship with Elite to also prosper through his unethical private pharma company, is delusional !!!!!!!!!!!!!
Making silly innuendos about Elites CEO to try and distract other investors is highly suspicious .................... It makes me wonder if the CEO is behind such distraction !!!!!
I would bet the CEO does not want any shareholder activism !!!!!!!!!!!!!!!!!!!!!!!!!
IB_
When he reverse splits the shares and the stock price falls back below a dollar and he forces a squeeze out and gets our shares for A LOT LESS , will he still be a great CEO ???????????????
IB_
Yes, NasRat is The King of losing shareholder's money !!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!
NasRat is the only one prospering from his relationship with Elite .....The share price has been near historic lows for YEARS,
IB_
"Sorry you have absolutely no credibility" !!!!!!!!!!!!!!!!!
IB_