frisko6@yahoo.com
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HEY, Nasrat is the smartest person I know, have you read his BIO, He's taking his third and investing in clinicals, putting it back into the company, of course he gets his cut when it comes to fruition, not a prob. so he's using Elite as a plat form to engage in clinicals , I trust him to make the right choices, the money comes to hard.
I agree Imagin, totally, lets hope one of these top 50's have been calling
https://www.drugdiscoverytrends.com/pharma-50-the-50-largest-pharmaceutical-companies-in-the-world
Elite is sitting in the cat bird seat, a product in high demand every body wants
Well, if he's purposely causing the stock to go down to make the buy out price more attractive to JNJ, or other big pharmas, that are over 50 bucks, to keep their share holders quiet, then I don't have a problem with that
looks like at 9:30 a thousand shares went threw at 325, somebody got some cheepies, at a minuscule price, could have been a clean up of odd lots.
His hands are tied, if he puts down 100k and causes the stock to go up, only buying the ASK, it's jail time, CEO's can't do that.
Beats me man, never saw that before, could it be market makers ?
There's something fishy about this, look at the volumes down at the bottom
https://www.nasdaq.com/market-activity/stocks/eltp/pre-market
You gonna be OK about these shares, ? really , what's your Trip man
Well you just know he is making one third every Q, it's in the books,
now don't get me wrong, I trust Nas, and we are at a crossroads
, so we have to look at the big picture, that is, out side the bubble,
He knows most of long investors and every body else that's involved with Elite, are on pins and needles waiting , I must confess , I have too much Quan on this one,
Whoa Transparency , I cant even spell the word, now listen up.
I took math in Collage because they didn't offer that class in Highskool
Did you not know that a couple of years ago Nasrat bought the rites to the Sungen part of the deal, one third, he bought done deal, no questions ask, Nasrat gets one third, ok that's 33 percent, of the sales, OK, no prob, Elite gets one third and lannett gets one third and Nasrat get's one third, every quarter, lets say maybe 5 mill a Q, OK works for me,m Elite has 43 full time employees they have to cover for, ben doing on for a couple of years now, you may ask,,Do I as a stock holder have a problem with that, NOOO, I do not have a problem with that, I trust in Nasrat, now you tell me why I should not trust in Nasrat, ? is he taking the money an run, did we see him on Ameicas got tallent, is he in the Bahhamas floating on a boat, Hell he couldn't even sell his house, My God
OK Ok, jammy, I'll talk to you, but I must be careful, If I say the water is blue, you say the water green ,
Lets not forget how easy it can be to be led by a crazy person into collective hive mind, society , in an instant of time,
we must be careful
From an article I read:
The shortage of Adderall is the biggest threat to public health in the United States. The drug is sold under several trade names, including Ritalin , and is sold in both pharmacies and health clinics. The demand for Adderall is expected to increase to a critical point in 2021. Its shortage will cause many people to become ill.
Another reason for the shortage is because of FDA constraints, they limit the amount of API to each Pharma, like Elite, it's most difficult when you have a Pharma like Lannett who can't (sell there way out of a wet paper bag).
It looks like they almost stopped selling XR in the middle of a shortage wave. What ? they don't know there may be a shortage in Michigan or Milwaukee, or where ever and move in to take up the shortage, Guess they didn't get that phone call,...
My wife was playing some old Harrison tunes and I could not reconize some of the cadence
So off to another topic, you'll see me over at Lannett
Just in time to edit, we got, sometimes I read threw my words
I believe we got dumped on by Lannett, they slowed down the XR sales knowing they had the ANDA and slowed down the IR as a next move, to control Elite, a 2 billion dollar market, , and we get squat,
that doesn't add up.
and now we don't get the 10% increase for the API, yearly from the FDA, if you can't sell it we can't move it)
This is Hard ball, baby
Thank you very much, give him time, Adderall is huge, could be huge for us too
Nasrat told us, if and when this comes down from Lannett, (We are ready)
he just needed Ink,, as we all know, Adderall is a moving target, sales picked up for the fall , Elite is in the cat bird seat, don't push Nasrat to hard, he's in it to win it, we are not privy to the inside conversations, I can only Imagine , He's got a lot of Quan in this one too, UH, his whole life, he won't make any mistakes at this juncture in the road
I TRUST IN NASRAT
Lannett is down to 564 employees, Looks like Carmel closed the deal. or that is, just closed, they had 810 for the past year. Warren Buffett would like that, people forget he was a corporate raider back in the day.
https://finance.yahoo.com/quote/LCI?p=LCI
Looks like they hired some body, good to see.
https://elitepharma.com/careers/
Yep, works for me, either way bought or given ,it's an incentive to do good ,they know who Nasrat is talking to, we don't, we will find out soon enough who picks up the gauntlet .
I like those form 4's they all got the same amount, 459,536, must be some sort of accounting detail , 5 days after the 8k notice, They knew what was coming down.
Nasrat has to make a deal, I hope it's a big pharma looking to sell a hot product, it's all about the money now, Nasrat has investors to answer to, he just can't go with Billy Bobs marketing in poughkeepsie ( cp)
Alright, I forget all about the old Airlines that declared BK every other year so they didn't have to pay their venders
but Teva owes billions to the banks, 600 million should not be a problem for Lannett
Are you saying Lannett is looking do declare BK, to erase debt
Lannett is in debt, they owe millions
lets hope they pay Elite before the go under
The defining feature of Lannett's balance sheet right now is the $937M in debt, principally from the Kremers Urban acquisition made at the end of 2015. Looking for a path to growth, Lannett purchased Kremers for $1.23B, nearly doubling revenue and gaining a new manufacturing facility in Seymour, Indiana. Source: Corporate Presentation
What's the problem, who keeps Draggen Elite down,
this report is why I keep buying more
https://www.goingconcern.com/attention-there-is-currently-a-nationwide-adderall-shortage/
Nasrat should sell to the highest bidder, or be able to work with one of the big boys
he's sitting in the cat bird seat
He reads all his options, lets give him a chance
OK, am I missing something here, did I skip a page
The shortage of Adderall is the biggest threat to public health in the United States. The drug is sold under several trade names, including Ritalin , and is sold in both pharmacies and health clinics. The demand for Adderall is expected to increase to a critical point in 2021.
She"s holding her own, I bet the phones are ringing off the hoo in the office, Nasrat getting lots of calls, , just hope he doesn't go with Acme Pharma or Billy Bobs Pill Sellers from Arkansas LOL
NICE, 1 mill on the ASK, the market knows Lannett was an Albatross
to Elite,
and also to continue
I always thought going with Dexcel was a little risky, might up set Lannett,
but it's a big world, I thought it was a good move by Nasrat, were looking to increase the API allotment from the FDA, but Dexcell ran into a buzz saw, going up against Teva, selling generic Adderall in there own back yard, tough detail, lol, hasn't happened yet, maybe with the shortage, we may get some movement , (It's not over till we say it's over)
I agree King, Lannett didn't even try to sell XR, my guess, (so that Elite could not increase their yearly quota), that's one way to keep the competition down, just a thought.
Looks like Elite got out just in time.
https://finance.yahoo.com/news/news-flash-2-analysts-think-124624362.html
I didn't know this, from Yahoo...
These shortages occur because of the production/manufacture limits that FDA places on pharmaceutical companies that make generic Adderall. For example if a company made 100 pills in 2018 the most they would be allowed to produce in 2019 would be 110 pills as production cannot exceed more than 10% from the previous year.
Aso:
https://justthenews.com/nation/pharmaceutical-company-says-reported-adderall-shortage-be-resolved-coming-weeks
You are correct NASD, they can always make a new contract. my guess is they are finally selling a lot of product, (don't switch horses in the middle of a stream) The new report is they are almost in the middle of another shortage thanks to Teva, school is back in next week and Elite makes a good product, We need a spin Dr. lets see if they P/R this new development.
This could be the best news for Elite, let the bidding start.
Looks like Teva has a labor shortage , hmm
https://www.nbcnews.com/health/health-news/adderall-short-supply-pharmacies-rcna44815
Adderall is very expensive across the board, difficult to cherry pic. name brand vs generic,
https://www.drugs.com/price-guide/adderall-xr
but we all know why Nasrat wants to sell in all 50 states, it's not rocket science,
Another reason why I keep adding, this just came out on the 21st. Aug.
Nov. should be HUGE....
https://www.supplychainbrain.com/articles/35556-hundreds-of-small-pharmacies-report-trouble-stocking-adderall
Look at this approval page, FDA, the 17th, they can give Fentanly a REMs clearance, but not Children's Tylenol with codeine , I mean, what's wrong with that picture.?
https://www.accessdata.fda.gov/scripts/cder/daf/index.cfm?event=reportsSearch.process