Waiting for the next wave...
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There is manipulation.
With multiple accounts from different brokers you can easily take the stock lower with such low volume.
You can also keep it up artificially from 3:45 pm each trading day with minimal fund if u have access to level II
I think very few people understand how lucky we are to have a ceo like Nasrat who puts his money where his mouth is.
We were about to be bankrupt. We are now at 34 million in revenue per year.
And we are going for the big league or will be stopped by a hostile buy out.
A reverse split does not change the valuation of a company.
It reduces the number of shares and increases the price. But the price of the company stays the same.
All my questions were answered and more.
We are lucky to know Eltp at below 4 cents per share
He said in 3 years.
4 times more product manufactured
One thing that puzzles me is that Nasrat sees the need to grow the facilities.
I recall 2 years ago or so he mentioned that there was plenty room for growth as they were running one shift only.
If he sees room to grow the facilities that is huge. That means producing at least 4 times more product.
That’s investing in pharma
Mess? What mess?
Profitable
Highest revenues ever
Self sufficient in sales
Full R&d operations
True. There are suspicions of foul play but these are just suspicions.
I personally ignore the noise as the company has a strategy and I do see a buyout in the horizon
Will 10,000 shares make a difference?
I hope this board will start appreciating the hard work of the company.
I hope we will stop all the conspiracy theories.
I hope investors will accept that Nasrat’s help on tactical moves serves the success of the company at larger scale.
Nasrat is a businessman. He invests to make money. Not to lose it.
He is the captain of this boat and he will benefit from its success or its flop more than us. For good or for bad.
But I believe that the day will come where we can all be more wealthy than today. Based on out investments.
If you hold 1 million share or more you could become a millionaire.
Happy fourth .
As a ceo myself I can tell you that the interview is the candidate demo. You cannot he sure you have the right hire unless you have worked with him before.
The proof is in the pudding. This is why you gave the 3 months probation
Nasrat explained clearly why the loan was paid off and why he proposed to lend the money at better terms.
Nasrat gave us a great picture of what Kirkov - and we know we are in good hands
Nasrat told us why CFO's do not last long - and they nee dto be worker bees.
All the conspiracy theories have been cleared - I feel my investment is safe.
Did anyone calculate how much was the Q4 revenue?
Thanks
I do not agree with you
Nasrat is in the same water as us. He is the one who will benefit the most from a successful ELTP
He has the right to make moves that reduce our risks if MIKAH can do that for us. Do you care if the money we have to pay goes to the bank or to Nasrat as long as Elite has a better deal? I do not.
The fact is that company was in 100% R&D mode when Nasrat took over - today it is 80% Sales and manufacturing. - and profitable
True he can sell other drugs from other companies but at a lower profit.
Priority is to sell elite products.
He could create a new line of business trying to sell other drugs but not with top talent.
What don’t you understand?
Lannett was selling elite’s adderal
The agreement ended.
Elite had to reply to a Walgreens rfp and win it.
Two different entities. Elite has to win all the customers Lannett sold adderal to.
This is SUPER GOOD NEWS
It means Karkov was able to replace Lannet at Walgreens
It means Lanet was dropped at Walgreens
It means we have our own quota
It means one of the largest pharmacies sell our product
It means $$$ - with one less partner
No live questions in meetings is because there was a guy who asked a question about Buy-out and 5 minutes later the stock tanked...
Nasrat is trying to keep it controlled and for a good reason.
The date is not relevant - it is driven by the reporting calendar. Elite has ALWAYS been reporting this way.
We know we will have a huge quarter.
If the salary was instead paid in cash and that cash was purchasing eltp shares on the open market, we would see a difference in ELTP share price. The deal behind the scene prevents us from getting spikes from time to time.
I am not sure which one I prefer - manipulations from MM's or manipulation from NH...
That is a pity
If he profiting, we are profiting. If he gets paid at these prices of ELTP, we can buy at this price too. No one prevents us to do so.
He is in the same ocean as us - he just has a bigger boat - our risk is minimal compared to him.
If at the end the company is not sold or not going to the Nasdaq, he will lose more money than us.
It is the end game that counts - all the fluff and stuff we are talking about counts for nothing.
He is executing on a plan - we are not - we are barely the little bird on the back of the Rhino... feeding off his parasites.
When people will start getting that it is OUR interest to bring the price up by not allowing it to go down every other day but up, we may have a chance to 15 cents... and to Nasdaq... But some prefer to keep the price down (maybe like Nasrat) to accumulate more - good guys - but still, it hurts us all.
As stated earlier - he would face a huge class action - and would lose his pants
We can sue him and win if he does that
He replied publicly that there would not be such a merger. we have it on record.
If he does that, he is toast.. Lawsuit - I would put all my money in such a lawsuit because I would become rich !!!
Why would he merge with Mika? what would that give him? Berried with shares he cannot sell?
Make your head work - think a little bit. He is in this for money for his kids and himself.
He invested 10 years of his life, he could have retired on the beach a long time ago.
He wants money - a lot of it. He wants Nasdaq or buy out.
Mika buyout? it would mean he takes from the left pocket and put it in the right pocket... lol
Let’s be frank about it. Nasrat is caught in Eltp even more than us. He cannot sell even 1% of what he has. We can lol. Only 2 ways out. Nasdaq and buy out
Fact Elite is still active because of that Loan - thank you Nasrat.
There is nothing wrong in investing in a micro cap being profitable for the last 4 years.
There is nothing wrong in investing in a company that has a substantial pipeline of generic drugs with some big generic names
There is nothing wrong with investing in a company that found the way to sell Adderal while other companies much bigger than them were out of stock
This is great. But how many companies do that ? When will they catch the Eltp fake short sellers?
Will that deter the fake short sellers now that there is a judgement? Or is the potential profit too high to stop them?
I wish I would wake up On Monday with a buy out news at 50 cents at least.
A reddit reader
That’s big. If elite could get visibility like amc or GameStop we are golden.
High visibility - we need to send that to Nasrat and Diane and tell them we want more of those...
That’s a kirkov sale
on Nasdaq, Machine trading does it 100 shares at a time...
Unless there is a buyout !!!
rdfdr1, This is not the right time for that - we need to make sure we do that after we have the decrease in revenue after the separation from Lannet.
WHen sales pick up and we see constant growth, I agree that we needto move to Nasdaq - good performance will be rewarded
In the meantime , someone built a wall at$0.035.
Nasrat needs the money in case our revenues go down after the disconnect from Lannet
It takes time to acquire new clients especially when we compete with Lannet who has relationships with our /their previous clients
Respect !!! - 80 - 92