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"IF" this is what is taking place with ELTP shares ............. Who in the hell would think NasRat would try and do anything about it, when it clearly benefits HIM !!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!
More shares for NasRat every year ...... A CEO with integrity, would have taken action years ago, but after clearly stating that the share price would not trade in the $0.02's and now here we are. In my opinion, NasRat is conning us with his BS statements and has been ever since the "No One Will Stop Us" BS concerning Elite's ART,
IB_
I believe that is of high probability if the Board of Directors remains the same in 2023 !!!!!!!!!!!!!!!!!
IB_
I don't understand why any shareholder would support NasRat and defend his position as CEO when after more than 9 years as CEO, the share price is at all-time lows !!!!!!!!!!!!!!!!!!!!!!!!
He failed to move Elite's ART past the FDA and he failed to do that years before the COVID excuses could be used................................
If I thought praising NasRat and hyping the stock would move it up, I would be all for it ..BUT nothing moves the stock up and NasRat continues soaking up those multi-million shares he created after shareholder approval was granted,
IB_
ELTP share price now trades below $0.03 per share after years of being CFP ...........
I do not need my Double Doctorate Degrees to see that with NasRat as the CEO, this has been a loser for many years !!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!
This constant support of a CEO who continues to prosper through Elite while returning negative value to shareholders is nothing short of failure to accept the truth,
IB_
Going into this new sales & marketing venture, the highly touted CFP that has not helped the share price one bit, may just go away !!!!!!!!!!!!!!!!!!!!!!!!!!!!
The question is: If CFP ends, will that send ELTP below $0.01 ?????? Ok NasRat, if Dianna brings this post to your attention, you can confidently claim on the next call that Elite below $0.01 is "Baloney" and then we will watch it go there just like we are in the "Baloney" $0.02's now,
IB_
Nice RED close before Christmas ......................... Thanks NasRat for making Short Sellers money !!!!!!!!!!!!!!!!!!!!!!!!!
Don't worry about shareholders, you just take care of yourself ..... "Like I need to tell you that" !!!!!!!!!!!!!!!!!!!!!!!!!
Merry Christmas "admiladmeged",
IB_
I think all Elite Traders who sold ELTP SHORT at any price in the past 9 years, should thank NasRat for what he has done as CEO of Elite !!!!!!!!!!!!!!!!!!
???????????? "Merry Christmas" NasRat,
IB_
I have no doubt .... I think most of us can say the same as the chart shows !!!!!
(winky face emoji)
IB_
Yeah and then there are opinions like this: "That's why I'm here. Like I said before, the next couple years should be great for ELTP. Jerry Treppel is not a quitter. Neither am I. Go ELTP!!!"
Guess when that was said, and by who ................
Kinda puts it all in a different perspective doesn't it,
IB_ ;)
Nothing can be said about what is going on at Elite, with the current CEO that will attract new buyers !!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!! Look at the chart .............
IB_
I would love nothing more than for the first half of 2023 to show a quarter "$0.25" of the share price that NasRat preached from 2013 on ... "Dollar Land" & "Nasdaq" but I do not believe he wants the share price to move up ...... I believe he wants to take the company private as cheap as possible .....
In my opinion, all shareholders should be fed up with how this investment has performed and how well NasRat has compensated himself through it all ...... Anything under $0.50 is sad, but 2 cent "$0.02" and he is well paid for that !!!!
Ummm,
IB_
Look at the chart and it will show that is not Elite's usual policy !!!!!!!!!!!!!!
"The .02's are Baloney" .......NOT,
IB_
I'm curious, who currently owns SequestOx ????????????????????
IB_
Well, nobody wants to go blind ........... so good riddance to that drug !!!!!!!!!!
IB_
Big Deal ... Elite has been so called "profitable" for quite a while now, what has that got us ....... I'll help out and answer that: It has got us 3 cent per share ..less than a penny from an ALL TIME LOW for ELTP !!!!!!!!!!!!!!!!!
There is no excuse,
IB_
Well, I can't disagree with that !!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!
IB_
Elite needs someone like this guy to step up and move to replace Elite's Board of Directors !!!!!!!!!!!!!!!!
https://finance.yahoo.com/video/elon-musk-time-tesla-board-171101996.html
IB_
What percentage of the fully diluted, outstanding shares, does NasRat currently control ????????????????????
That is the question we all should be concerned about,
IB_
LOTZ, dying a slow but sure death ....................................................
IB_
Congratulations on a nice little upward move in RAFA !!!!!!!!!!!!!!!!!!!!
IB_
Is that why Elite is trading in the $0.02's now instead of "Dollar Land" !!!!!!!!!!!
IB_
What NasRat "says" should be his bond but we know how far that has got us !!!! Yes the filings are on the "legal" side !!!!!!!!!!!!!!!!!!!!!!!
As post by The King of the DD:
https://investorshub.advfn.com/boards/read_msg.aspx?message_id=170612029
IB_
Why do shareholders just whistle past the graveyard when we see what is going on with Elite????? Look at the CEO's total compensation and perks and then look at the share price ........ Think about all the statements he has made over the past 9 years that have turned out to be complete BS .... There are many .... How many times has it been stated on conference calls that his privately held pharma company was winding down operations ???? Totally under his control and it never happened, Mikah has only grown since those BS statements were made about winding down operations !!!!!!!!!!!
Arguing about what is right in front of us has got us nowhere as NasRat gains more & more shares, causing more & more dilution !!!!!
IB_
This can't be right .... The Lawyer said that the .02's are "Baloney" !!!!!!!!!!!!!!!!
Is The Lawyer FOS,
IB_
Not necessarily !!!!!!!!!!!!!!!!!!!!!!!
IB_
Ok, we can go back and forth concerning ELTP but the fact is, We Investors are not and have not prospered from out investment for many years, many years .... Most if not all investors are underwater at 3 pennies per share with the exception of ONE !!!!!!!!!!!!!!!!!!
The CEO has done well for himself for many years, what has he done for us, that is the most important question that should be on OUR minds .... If I would have argued years ago that once Elite is cash flow positive, it will trade at 3 cent per share, who would have agreed with me ???? Yet here we are ... Is it not past time for long term investors to be tired of the excuses and the waiting as the share price is near all time lows,
IB_
From the last "CC": "So let me explain. When a company orders $25,000, $50,000 or $100,000 worth of Elite’s product, because they want to test the market overseas. That is not a material event, because it’s a one-time thing. So we do not [indiscernible] But if the same company comes back to us now and say, that process was very successful, now I’m going to own a $100,000 a week, that becomes a very material event and that’s when we [indiscernible] okay. So we are working with overseas companies and we will let you know when and if anything materializes."
Keeping investors informed DOES NOT REQUIRE EVERY PRESS RELEASE TO BE A MATERIAL EVENT !!!! Elite can issue press releases anytime they chose to do so ... But LEGALLY they are required to inform investors of material events "LEGALLY" !!!!!!!!!!! You see what's going on here ???? Is this Lawyer truly looking out for OUR best interests ?????????????????????
IB_
I agree, but I do not believe he will do anything unless a new board is put in place to rein him in ...............
This has gone on TOO long,
IB_
He accumulates close to 12 Million 500 Thousand "12,500,000" SHARES per year and that is HALF of his compensation for driving this company to a $0.03 share price .........................
We continue to hear how the share price is manipulated but we never here who is behind the manipulation .... In other words, who benefits from the manipulation ............... I think it is very clear who benefits from a low share price,
IB_
Elite's truth? They trade at 3 pennies "$0.03" per share and that is within a penny of ALL TIME LOWS !!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!
Rather than argue, can we all agree that we shareholders are not benefiting from our investment, and it has been like this for many years ???????????
IB_
That is NOT true !!!!!!!!!!!!!!!!!!!!!!!
The response follows exactly what NH has said ..........................
Shareholders have been misled for many years now and the 'Safe Harbor' does not excuse that,
IB_
I agree, that is most likely the lawyer's plan !!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!
IB_
And then how low the share price can drop to where Mikah can afford to take over the company !!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!
Are we still trading at 3 cent,
IB_
Oh yeah, Elite could be 4 cent in 18 months OR it may not be trading any longer ................ Being bullish on Elite has been costly over the years !!!!!!!!
https://investorshub.advfn.com/boards/read_msg.aspx?message_id=99475103
Remember,
IB_ ;)
Here is another one: Why back a few years ago when Elite was being diluted so heavily and the company was reaching the authorized share limit, why did the CEO not ask for shareholder approval to raise the authorized share limit at that time??????????? Why did he convert his shares to free up more available shares for dilution and then put shareholders in a position to either approve his "unknown number of shares increase of the authorized" or it would be costly for Elite ?????????????????????????
IB_
Exactly !!!!!!!!!!!!!!!
IB_
Mikah operations should have been "wound down" log before the Adderall opportunity!!!!!!!!!!!!!!!!!!!!!
Why do we continue trying to one up each other by taking opposing sides when only ONE Elite shareholder is prospering from our jointly owned public company ???????????????????????
If I was receiving $500,000.00 worth of shares per year as half of my MILLION DOLLAR per year salary, I would not want the share price to rise either ... If I had no dignity, I would NOT promote the company/stock either ..............
WE ARE GETTING NOTHING AND IT HAS BEEN THIS WAY FOR MANY YEARS,
Does someone at Elite pay people to defend them to the other shareholders ?????
IB_
I agree .... and basically, trapped in it for many years because of a ridiculously low share price that management seems to be "Ok" with .....................
I think we know why,
IB_
Hearing lies,
As time flies,
It's made me wise,
So many times, I agonized,
A bit hypnotized,
But not surprised.
As an Elite partner for going on 11 Long Years,
IB_
Quote: The King,
"2015 10-K - "Mikah has accordingly ceased operating and is in the process of winding down and liquidating its assets."
2016 10-K - "Mikah has accordingly ceased operating and is in the process of winding down and liquidating its assets."
2017 10-K - "Mikah has accordingly ceased operating and is in the process of winding down and liquidating its assets."
2018 10-K - "Mikah has accordingly ceased operating and is in the process of winding down and liquidating its assets."
Mikah still very much in business and doesn't the poison pill expire in less than a year ??????????????????????????
As The Beatles recorded in their smash hit from 1968 "Helter Skelter" ... LOOK OUT !!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!
IB_