frisko6@yahoo.com
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My 2 cents bubba, we all feel the same way, very painful to watch .
let me articulate best I can,
I think there an un written rule that say's suppliers like Elite to Lannett are not allowed to put out press releases on there own,
how well they are doing, from Q to Q. , Elite is not allowed to have a party and celebrate how much money they are making every Q.
That is up to Lannett, and as we all noticed in every CC. they do not mention Elite specifically, just that the suppliers are doing well
move it forward to now, as they split, Elite is not to trash Lannett and Lannett is not to trash Elite, its mutual Lannett can't say how well Elite is and Elite can't say how well lLannett is , END
looks like they finally cleaned up that board, no more Mr. Chen
https://elitepharma.com/board-of-directors/
This is where Mr. Chen comes from, pay attention.
they just dosed their first patient in China
https://kbpbio.com/
maybe a clue
I see on the shortage page, new update for Granules, today, they are in shortage, as I recall they were the new kids on the block this year, so this tells me they got a short allotment from the DEA, being a new player,
sold out quickly. Shortage of active ingredient,
now, we all know what the active ingredient is. lol
https://www.accessdata.fda.gov/scripts/drugshortages/default.cfm
Elite and Lannett are doing just fine.
We should all be upset about this
https://www.washingtonpost.com/nation/2023/03/16/texas-fentanyl-overdose-teens-sienna-vaughn/#
https://www.fool.com/investing/2023/04/08/heres-why-pfizer-will-bounce-back-this-year/?source=eptyholnk0000202&utm_source=yahoo-host&utm_medium=feed&utm_campaign=article
PFE and Elite are a perfect match, the both have ADT, for opioids
The new telehealth rules are a bit confusing, , we wont know for sure till all the dust settles, but looks like they may have an extension till Nov. either way Mr. Kirkov should be all over this.
https://www.nytimes.com/2023/04/05/well/mind/telehealth-prescription-medication.html
You might be on to something, imanjen Nobody wants to buy Lannett right now, if they do they inherit that $600 million debt.
Elite is looking good, sitting in the cat bird seat.
We get no respect.!!!
I liked this article, the numbers are staggering
https://www.investors.com/news/technology/teva-stock-what-we-know-and-do-not-about-the-adderall-shortage/?src=A00220&yptr=yahoo
Well who knows how long they can last, The CFO has the keys to the Kingdom, But Nasrat can still write checks and pay bills and payroll, he's not locked out of the bank, and monies coming in from Lannett and others I imagine is all direct deposit, so they should be on auto pilot for a while, I must say, though.
Nasrat has got his hands full right about now, this is huge what he's doing.
Yes Annie ,of course,
and there are 564 employees working for Lanett,
being laid off , looking for work
I saw this combing with lannett, Just hoped they could stay solvent till they can pay Elite
https://finance.yahoo.com/quote/LCI?p=LCI
they aint got squat, could not sell there way out of a wet paper bag
had the most desirable drug on the market, couldn't sell to pukispisi,
and we landed on Lannett
I'm sure Nas saw this coming too
cash is king, Elite makes Pluss, don't throw the baby out with the bath water, Lannett can not bower from tomorrow from the past they made on generic Adderall , that ship has sailed
Hey, Kayak, I can read legalees, If they don't make the payment then the lender takes over the company
he Company has approximately $47 million of unrestricted cash as of March 31, 2023. If the Company does not make this interest payment within the 30-day grace period, it will constitute an event of default under the indenture governing the convertible notes. If an event of default occurs, the trustee or the holders of at least 25% in aggregate principal amount of the outstanding convertible notes may declare 100% of the principal of, and accrued and unpaid interest on, all the convertible notes to be due and payable immediately.
Did I miss something? if they don't make the payments the banks take over,
I agree. Imanjen, OfCourse Elite has been building up inventory, for the last 6 months , the only grey area is how much API will the DEA release,
may I guess,
Nasrat saw this coming,
we could all could see it coming ,
with the debt. burden as the king pointed out last year
sad that it could happen on Nasrats watch
any one can read the fins, from years Past,
Not good.
bower bower bower , Lannett is not Teva
When you have to bower money to pay for money, that's a problem, at this level, everybody knows., I'm sure they will pay off Elite first before they go down under, if it wasn't for Elite they would not be green for cash.
Linnetts is in trouble again, they have to begger off an interest payment, they only have 47 mill cash, if they don't make the payment they may declare. BK, That is,
well, maybe chapter 7 or 11,
could be they may not pay their venders, venders like Elite
https://finance.yahoo.com/news/lannett-shares-105500807.html
don't count your chickens before they hatch
one must be cautious
OH sorry, , semantics., Elite gets to keep it all, MiKAH no longer Exists,
remember what you said. Mikah is done, Nasrat has turned all his profits back to Elite, so Elite may prosper
And it's all one big happy family.
So lets do some simple math,
back of napkin.
last Q Elite made 9 mill. mostly Add.
a third went to Lannett, another third went to Mikah, and a third went to Elite + manu. fees.
9 X 3 =27. and 27 X 4 =108.
Elite gets to keep it all. or close to it all.
it's all good
Except this time, and for now on, they get to keep all the money.
In Mr. Kirkov we trust.
I'm hoping we get a speech From Nasrat tomorrow, or P/R
as we sail into uncharted waters,
some lite reading,
https://www.acsh.org/news/2023/03/31/acsh-asks-where%E2%80%99s-adderall-16973
The DEA has 77,000 lbs of amp. available, WOW
And another thing, If the price goes up to 1000 dollars for a bottle for 100 count XR caps, and everybody else is charging the same thing, they will call it price fixing, but HEY, Nas has to pay the bills, 43 employees, gotta keep working, and when they run out of API, they gotta sit.
increase the API and maybe we can work a deal.
I hate to say it, but now they are free to charge more for their product, what ever the price will bare,
in a free competitive environment,
and when people complain, just blame it on the FDA/DEA.
https://www.newsbreak.com/michigan-state/2974339693967-report-shortages-forcing-hospitals-to-ration-drugs
Looks like Elite needs to get Doxy, up and running, there's shortage of antibacterial too.
A million shares just went threw, didn't see that coming
.028
This is crunch time for Elite, getting ready for next week, hopefully
We hear something, instead of crickets.
The 4 Double U's.
Who
What
When
And Where
Find me an 8 K that says (Mikah has left the building), and I will be glad to concede. And I still don't know how much he makes, and frankly I don't care, as long as he puts it back into the company.
What are youz talking about, Mikah hasnt gone any where, far as I can see, and he still gets his 3rd of the profits.
https://www.otcmarkets.com/filing/conv_pdf?id=16047529&guid=_jA-kFrrYvZtQth
The mass protest in Israel may affect Teva,
we shall see.
THX, looks good, from last Sept.
Getting ready for April 1st,
Can't sleep
https://images.search.yahoo.com/search/images;_ylt=AwrFfbW4LyBk7eM14R9XNyoA;_ylu=Y29sbwNiZjEEcG9zAzEEdnRpZAMyNTQzNFNDXzEEc2VjA3Nj?p=elite+pharma+package+insert+generic+adderall+10+mg&fr=yfp-t-s
FYI, I found that image from a yahoo search, looks like back ,from 2018,
took a couple hours search., you must click MORE.
I liked this article, especially the last couple of paragraphs.
https://www.nytimes.com/2023/03/25/opinion/adderall-shortage-drug-policy.html
OK OK, it is frustrating to see it sit at 3 cents and they can't say a word.
I do agree Imanjen, they need a spin Dr. , but maybe they don't want to draw to much attention to themselves due to the nature of the drug they make, and the competition. Could get a little dicey. It's in such high demand.
THX James