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I agree that a new CFO needs to be hired soon and that the 8K seemed a little fuzzy, but .................... I think this link will put to rest any notions that Chen will be staying:
https://investorshub.advfn.com/boards/manage_msg.asp?message_id=171348845
Hey Thanks A Lot To The King,
IB_
"I want to hear more about contracts being signed and future business" .........
I understand what you're saying but how can we really believe what we hear is truthful ???????????????????????????????
I understand he let his tongue loose when he said No one will stop us on the ART and we have seen the FDA has done a good job at stopping us ........ Also the BS targets he set for uplisting to the Nasdaq back in 2017 .... BUT here is the real tell all sign ..... 100% under his control and after putting in writing that Mikah would be winding down, it has only grown and is very much still in business !!!!!! So how can we believe anything he says,
IB_
Elite's shareholders needs to replace Davis S. Caskey, Barry Dash & Jeffrey Whitnell immediately and elect at least 3 Directors to represent all shareholders !!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!
This nonsense is ridiculous after all these years ........ Elite has done nothing for long term shareholders except cost them money .........................
Hey Thanks A Lot King,
IB_
After all the BS he has feed us over the years about going on the Nasdaq and reaching Dollarland and how great Elite's ART will be, not to mention the failed timelines again & again .... THAT IS A HELL'UVA THING FOR HIM TO SAY TO US !!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!
Hey Thanks A Lot King,
IB_
And spot on as usual, King !!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!
I believe he is working toward screwing us out of our shares..............
Hey Thanks A Lot King,
IB_
As many other statements NasRat has made over the years, I don't believe this one to be true ...."I truly believe in this technology and that is why I merged my company in it and became a part of it." .... If it were true, 100% of the Adderall revenue would be on Elite's books ???????????????????
Hey Thanks A Lot King,
IB_
I don't believe shareholders place any value on "NasRat says" !!!!!!!!!!!!!!
IB_
As the dilution also continues !!!!!!!!!!!!!!!!!!!!!!!!!!!!!
-$ELTP-$
IB_
Which comes first: Elite hits $0.05 per share or Elite merges with Mikah and goes private ???????????????????????????
IB_
Shouldn't these lies be actionable ?????????????????????
NasRat has "GROWN" his company "AFTER" these filings were filed .....
Hey Thanks A Lot King,
IB_
Elite is only about $0.97 away from the $1.00 mark ................. Should be "SOON" .... Maybe not as "SOON" as 2014 though !!!!!!!!!!!!!!!!!! LoL LoL
Welcome back,
IB_
And this is our CEO !!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!
We need a complete overhaul of the Board of Directors .................
Hey Thanks A Lot King,
IB_
The sad thing is, it seems NasRat can do whatever he chooses to do without any repercussions !!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!
It would not surprise me at all if Mikah were to own one or more of the bigger ANDAs .............. I mean Mikah owns 50% of the Elite's biggest selling drug now !!!!!!!!!!!!!!!!!!!!!
Hey Thanks A Lot King,
IB_
Did NasRat say that "their audits are fine" at the family reunion ????????????????????????
HuH,
IB_
Elite's CFO's clearly see what is going on here, I do not understand why Elite's shareholders refuse to acknowledge the TRUTH !!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!
Hey Thanks A Lot King,
IB_
I expect this is just another 100% Spot On Post !!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!
Elite Shareholders should stick together and get the Board of Directors replaced and reel in this out of control CEO ...............................
Hey Thanks A Lot King,
IB_
Only if one does as we have done and started selling short in Nov. of 2021 !!!!!!!!!!!!!!!!!!!!!!
IB_ :)
Elite has taught us that what is good for one shareholder is not always good for the other shareholders !!!!!!!!!!!!!!!!!!!!!!!!!!!!!
IB_
I think it is abundantly clear which shareholders take priority ................. Mikah's !!!!!!!!!!!!!!!!!!!!!!!!!!!!!
Hey Thanks A Lot King,
IB_
I hope they do not become one either ............. because I believe it is clear that they are not winding down operations !!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!
Is NasRat moonlighting at Elite or at Mikah ?????????????????
IB_ ;)
Jerry Treppel as well !!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!
Hey Thanks A Lot King,
IB_
"owning 100% of Adderall" ............ That is questionable and if so, just how bad will Elite get ripped off in the transaction !!!!!!!!!!!!!!!!!!!!!!!!!!!!
What would be shareholders reaction to learn that Mikah was Elites new distribution partner come April ??????????????? Just hypothetically of course,
IB_
If NasRat were to issue a PR stating that Mikah would be taking Elite private and shareholders would receive $0.035 per share, NasRat would still have defenders !!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!
Example: "NasRat didn't allow the company to go bankrupt" ................
RIDICULOUS !!!!!!!!!!!!!!!!
Hey Thanks A Lot King,
IB_
Yes !!!!
NasRat needs to follow in the footsteps of John Schnatter and NasRat is not even a founder !!!!!!!!!!!!!!!!!!!!!!!!!!!!!!
Hey Thanks A Lot King,
IB_
"Nasrat told him no."
I think the huge question shareholders should ask themselves is, "after all these many years of NasRat claiming Elite would be at Dollarland and on the Nasdaq "way before now", why will he do nothing to increase shareholder value ??????????????????????????? Why is his compensation set up so that a lower share price is advantageous to him ??????????????
Hey Thanks A Lot King,
IB_
Looks like SXOOF will be trading in the 12 cent range SOON !!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!
IB_
BINGO !!!!!!!!!!!!!!!!!!!!!!!!! Self-Dealing through Mikah ...........................
Shareholders OPEN YOUR EYES,
IB_
I expect this ride on The POS Express will continue until shareholders stick together and replace the BOD with enough directors to reign NasRat in and hold him accountable !!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!
Hey Thanks A Lot King,
IB_
Looks like another one headed to NO BID !!!!!!!!!!!!!!!!!!!!!!!!!!
Better GET OUT,
IB_ ;)
And we just continue to put up with this screw job !!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!
Shoulders will shrug once NasRat merges Elite with Mikah and takes the company, then the constant, pointless, board discussion will be over,
IB_
It's also too bad Elite is not working on a cancer drug !!!!!!!!!!!!!!!!!!!!!!!
IB_ ;)
What is PCT doing with cancer !!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!
Cancer always seems to come back and get ya,
IB_
Now we trade at near an all time low !!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!
Karma came back to bite Elite I recon ??????????????????
Hey Thanks A Lot King,
IB_
Me too !!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!
IB_
Hey Thanks A Lot King,
IB_
I guess I'm the only one here who has six Doctorate Degrees and has ran 3 Fortune 500 companies now !!!!!!!!!!!!!!!!!!!!!!!!!! :(
IB_
Not Much,
IB_
And Elite still trades below $0.04 !!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!
IB_
Was it NasRat that told shareholders that Elite's fair value was $2.10 back in 2014 !!!!!!!!!!!!!!!!!!!!!! No question mark needed ......................
Looks like fair value is THREE & A HALF PENNIES today,
IB_
Seems like I recall a $15 Million price tag and Epic paid half ?????????????
The King of Elite DD will know,
IB_