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Commendable sentiment despite a lack of political-correctness and shall we say refinement?. . . And you ain't no doctor!
No. Nasrat put the company in "limp-mode", whereby demands upon
him are relatively few.. . . He certainly could do a number of things about any purported manipulation as he has over 300 million shares. As the CEO he could comment upon the stock price through a "letter-to-shareholders" if he weren't a profound example of what is wrong in the pharmaceutical industry today. Nasrat is definitely part of the problem rather than the solution. All of which is somewhat moot as "manipulation" is vastly different than "lack of interest". The latter being something Nasrat must have an acute awareness of vis-a-vis his treatment of both shareholders and his responsibilities as CEO.
To expand upon your question: Why would ELTP have any correlation to the NASDAQ, the exchange that the CEO says is where the stock is headed and should reside, when we all know most anything he says is total B.S., and when if we were supposed to get to the NASDAQ it might only have happened before the same CEO diluted the shares through an act that can only be described as a low, stupid, greedy, outrage? Cheers!
NASDAQ up over 1%, ELTP down 5.83%. Nasrat! Nasrat!. . .
Come out, Come out, wherever you are!
Guy don't talk much. That's usually a plus for a criminal.
Nasrat Hakim, a turd, hoping to get bigger.
"A fine kettle of fish." LCI down over 5% in part for being stupid enough to have anything to do with Nasrat, ELTP down over 10%- That's right kiddies over 10%- in sympathy with LCI. Can you feel the synergy! Lannett Security should bar my man Naz from the building and grounds. -Treat him like the thief and scumbag he is.
"The more things change, the more things stay the same."
Perhaps it is about time for even Nasrat to consider that he
has managed to cause a great deal of loss and misery in spite of his
being the CEO of his own company and ultimately to blame for the sad state of things at Elite. Perhaps Nasrat will "seek greener pastures" concluding that he has to do something because it is unfair that failure continually follows him around.
You too can own shares in Elite Pharmaceuticals. . . a little piece of New Jersey with a CEO who not only embodies all that is wrong with the pharmaceutical business in general,but who takes it to another level with his own northern New Jersey twist.
C'mon NAZ!, I know you want to be making
fat-stacks-o-cash. Them mad crazy rims fo' yer whip don't come
cheap, and we all know you gotta be spendin' faster than you makin'
to keep the ol' lady satisfied. Show some gumption, some initiative!
Do like Wesley Snipes as "Blade" and channel your anger- and in your
case your frustration, shame, guilt, and embarrassment. "Use It!".
Nasrat cannot simply "do what he wants".
As the titular head of The Republic of Nazratisthan he has a certain image to uphold.
Thus, while the NASDAQ is up over 1%, the stock price is down in keeping with longstanding tradition.
Ahh. . . So. . . it's an annual thing, with typical contract
obligations of one year, making the question, "What have
you done to secure contracts for the next year?". . . .Nasrat explains away a lack of sales as due to "structural impediments"
found in the sales environment Elite supposedly functions in.
The stock price movement might be explained by the fact that people
don't want to invest in a company with a CEO who reeks of corpulence, arrogance, and ignorance.
-a buyback program and a personal purchase of 10-20 million shares at a highest closing price. . . Unfortunately for us Nasrat does not possess the capacity to do anything of the kind as he is thoroughly lacking in both virtue and wisdom as well as the little humility it would take to admit some of his myriad errors.
They've been ready since $0.40.
Thus, no such thing as an ELTP "bottom-buyer".. . . Well. . .
not a successful one. Maybe my man NAZ be a "bottom-buyer"?
. . . He should be sellin' bottom for shareholders.
Hey!. . . What about me?. . . Especially under the current circumstances. . . Can't you direct any baseless criticism at me?
I would much prefer to invest my hard-earned money prudently rather than give it to a wolf that doesn't even bother with sheep's clothing. All the cheer-leading in the world isn't going to change Nasrat into a good CEO, i.e. an honest person. As long as you cast your lot with a crook, fire away.
What isn't hilarious is that there are ignorant people who take comfort in believing things that are easily proven false. Worse, they then criticize the beliefs of others and substantiate their criticisms by showing the world just how g-dang plum ignant they iz.
This is the ELTP message board. Are you in the right place?
Or, . . . "How's that workin' for you?". . . "Great for me, not so great for shareholders. But I told myself when I started this, "By hook or by crook!".
Long ago Nasrat should have accepted the fact that ELTP trades on the OTCBB and like it or not this can at times mean that to act in the best interest of the company one has to engage in the arguably "unsavory" variety of practices that focus not on the day to day functioning of the company, but on the price of the company's stock as determined by myriad, sometimes fleeting, market-forces.
REALLY???
Don't take this the wrong way. . . You sound about like Nasrat.
-I take it I am remiss in not feeling sorry for you both along with
the many shareholders who post here who, on the bright side, have far
fewer shares than they would lead us to believe.
Nasrat decided to give the fact that the stock price is in continual decline some attention this morning before the call. . . .
And then he let go with a most specious, blame-deflecting, necessarily vague spiel that should give us confidence because it sure rings true to him. Nasrat. . . another guy from New Jersey always playing "the sad clown".
Because Nasrat is deluded.
Why ask "namtae"? Ask Nasrat. Obviously, The Market is skeptical
regarding Elite's future. I would like nothing more than for Nasrat and team to enthusiastically present what appears like a well thought out plan during the conference call so that I could unload my shares and be done with this painful lesson. The sad reality is that what you will hear is the arrogance of thieves who are all but certain they can continue to rob old and new shareholders by over-promising and not just under-delivering, but by not even attempting to deliver at all. -Except perhaps a jab at those "whiney shareholders" who pay the bills every day.
Name calling?. . . How about "Pumpers" or "Liars"?
Take your pick. Let's hope for the next big run. . . that it
goes beyond $0.075 before Nasrat decides to "stick a fork in it"-
"Nasrat's Pitchfork" and leave shareholders with absolutely nothing.
Boom Boom Candles !!
Another quality post by 'NASDAQ2020'!
Perhaps the resident professor could provide an essay on the metaphorical significance of such a profound statement.
"Uhh-Ohh CC !!
Nasrat Hakim has single-handedly ruined Elite Pharmaceuticals!
" Again - not saying that Nas rat is doing anything wrong."
-Again in Nasrat's case, even doing "anything wrong" would be DOING something, i.e. burning calories, perhaps even exerting oneself. Clearly, Nasrat "errs on the side of caution"- deleterious for shareholders, not so bad for Naz and the little rats.
As I write this it appears TDA is attempting to correct mistakes made in the cost-basis accounting of a couple of trades I made yesterday.. . . TDA uses a tax accounting program called "Gainskeeper". You can get it as a "stand-alone" program. In any event, the name definitely seems something of a misnomer as it invariably "defaults" supposedly in the favor of the IRS, but the program's application and the marked reticence of the customer-service people at TDA when cost-basis and tax-lot i.d. come up suggest the software allows for abuses gainful to TDA.. . . Due to their error(s), the wash-sale rule was mistakenly invoked.
Their quote-screen/ data-feed had issues Friday. Their website has lagged sporadically throughout the last few weeks. Too many times in recent memory stock prices have fallen below my limit order price or above my sell price without being filled.
I've previously generously given TDA good marks on evaluations, but, "Enough is enough!". It is into the "sin-bin" with Nasrat for them. I am intent upon switching to a better broker by the end of the month. I have heard that 'Trade-Station' is good for active traders, and I have heard that 'Fidelity' is good as an all-around quality broker. Does anyone have a broker they are simply enamored with? . . . While "You catch more flies with honey than vinegar.", Nasrat ain't a fly!. . . Although confusion is understandable.
You should at least try to get it up Nasrat!
That would be The Honorable Lord Hakim
If you are unfortunate enough to meet Nasrat in person, you should probably avoid asking, "How do you do?", as even with the dim awareness of a dim-wit he is most-likely acutely aware that he should in fact be doing something. Such a query might very well
cause him to act in a manner most unbecoming of a CEO.
Yo! Is my man The NAZ there witchu?
You got beers?
PATHETIC!
Nasrat's management thesis, "I break it, I buy it."
Once upon a time, long-ago, Nasrat's "performance" (Bravo!) could- after the cheap veneer was removed- certainly be deemed "shameful".
These days, as Nasrat has adopted the doctrine "Ignore it and it will go away." The market has indicated, "The show must go down."
. . . Someone should find Nasrat and approaching him in a cautious, yet friendly manner tell him that "Yes", he is in fact the CEO of a small pharmaceutical company. Perhaps assure him it is not the end of the world and get him into whatever 12-step program(s) he qualifies for.
Or. . . "You Can't Touch This". . .
Who knew?
Hammer Time
You can't touch this
You can't touch this
You can't touch this
You can't touch this
My, my, my, my
(You can't touch this)
Music hits me so hard
Makes me say "Oh, my Lord
Thank you for blessing me
With a mind to rhyme and two hyped feet"
It feels good when you know you're down
A super dope homeboy from the Oaktown
And I'm known as such
And this is a beat, uh, you can't touch
I told you, homeboy
You can't touch this
Yeah, that's how we livin', and ya know
You can't touch this
Look in my eyes, man
You can't touch this
Yo, let me bust the funky Iyrics
You can't touch this
Fresh new kicks and pants
You got it like that
Now you know you wanna dance
So, move outta your seat
And get a fly girl
And catch this beat
While it's rolling
Hold on
Pump a little bit and let 'em know it's going on
Like that, like that
Cold on a mission, so fall on back
Let 'em know that you're too much
And this is a beat, uh, they can't touch
Yo, I told you
You can't touch this
Why you standing there, man?
You can't touch this
Yo, sound the bell, school's in, sucker
You can't touch this
Give me a song or rhythm
Making them sweat, that's what I'm giving them
Now, they know
You talk about the Hammer
When you're talkin 'bout a show
That's hyped and tight
Singers are sweatin'
So pass them a wipe or a tape
To learn
What it's gonna take in the 90's to burn
The chart's legit
Either work hard or you might as well quit
That's word, because, you know
You can't touch this
You can't touch this
Break it down!
Stop, Hammer time!
"Go with the flow", it is said
If you can't groove to this, then you probably are dead
So, wave your hands in the air
Bust a few moves
Run your fingers through your hair
This is it, for a winner
Dance to this and you're gonna get thinner
Now move, slide your rump
Just for a minute, let's all do the bump
(Bump, bump, bump)
Yeah
You can't touch this
Look, man
You can't touch this
You'll probably get hyped, boy, 'cause you know you can't
You can't touch this
Ring the bell, school's back in
Break it down!
Stop, Hammer time!
You can't touch this
You can't touch this
You can't touch this
Break it down!
Stop, Hammer time!
Every time you see me
That Hammer's just so hype
I'm dope on the floor
And I'm magic on the mic
Now, why would I ever
Stop doing this
With others making records
That just don't hit?
I toured around the world
From London to The Bay
It's "Hammer! Go, Hammer! MC Hammer! Yo, Hammer!"
And the rest can go and play
"U Can't Touch This"
You can't touch this
You can't touch this
Yeah
You can't touch this
I told you
You can't touch this
Too hype, you can't touch this
Yo, we're outta here
You can't touch this
Rick James/M.C. Hammer
Well. . . If anything I have said, or everything I have said has the effect of getting Nasrat off his dumb, lazy ass, then I will have shown myself mightier than Fire, Tempest, or that most dreaded, Poverty. Starting immediately I will give all things ELTP related
the attention they deserve. Which is little to none. Bye. GLTA
It is not so rare to find on this board posts that are intended to say something good about Elite, but which upon closer examination might be said to be ominous at best. New Jersey is. . . yes. . . New Jersey. Thus,the laughter from natives reading the conclusion-
"they just need a good break and a little luck"
Good CEO's make their "good-luck".
Of course what you say is true. With no companies willing to partner with Nasrat except through thoroughly parasitic contractual obligations due to the huge perceived risks involved one has to wonder at what price Nasrat could sell the company for at this time. Ask him and he will say "a dolla!". Then what, under a dime? Nasrat ought to be "his own worst enemy" for the shareholder's sake.
What relatively large and successful pharmaceutical company that is in the habit of occasionally giving a "leg-up" to promising small companies that embrace the same work-ethic and high standards as they do would help Nasrat and Elite out? . . . Ahh! "work-ethic and high standards". . . I guess we will have to depend on all those important relationships Nasrat previously forged. . . Ahh! "work-ethic and high standards". Those will only work for Nasrat, not for Elite shareholders.
I do not think that anyone singing the praises of Nasrat and crew is in the least sincere. I believe they will continue to attempt
portray Nasrat as a competent, honest, hard-working CEO- in effect as everything he is not. Their sole impetus being the real possibility of losing a very significant part, if not all of their investment in ELTP and by extension in that "man of mystery" Nasrat Hakim.
It has been said that the first 80% of the work involved in the completing of a task requires 20% of the effort, and the last 20% of the work requires 80% of the effort. Sequestox could have been a success had Nasrat submitted robust data indicating efficacy under "fed" conditions, rather than hoping to slide by with what was an obvious shortcoming. If someday Nasrat comes up with a seemingly
viable plan for substantive progress, it will similarly come with a lot of "finger-crossing" at best.