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Yesterday tiny ELTP was listed as having earnings by Don Kaufman's
'Theo-Trade'. -Don was a co-creator of TDAmeritrade's 'ThinkorSwim' platform. So, for better or for worse, ELTP is finding it's way onto RADARs. Maybe to be dismissed as a "blip", maybe not.
Well. . . It sure reads that way.. . . They must own the, "USE EXTREME CAUTION HERE" headline as well.. . . Guess it's just another thing the longs "own" that they are ashamed of. Probably a lot of longs own ELTP stock but don't really speak about it. Which is good because nobody likes a complainer.. . . I do own some ELTP stock that I bought a long, long, long, long time ago.
Once upon a time there was a CEO who was hired to grow a small pharmaceutical company. The CEO had been credited with a number of accomplishments, and it seemed quite possible that he could indeed make the small company a success. Having assumed the helm of the company, the CEO rested. . . on his um laurels. He farmed out tasks that would require real exertion from himself and everyone else at the company. What innovation he did bring to the company was severely misguided, resulting in a major-setback. Years passed. A mix of complacent nonchalance and ineptitude resulted in prior valuations for the company - from $0.40 to $2.75- which once seemed perhaps attainable, having to be regarded as fairy-dust.
Were Lannett to buy Elite, Lannett's management could place the blame for poor performance upon Elite, and in like fashion, Elite's management could place the blame on Lannett. -Double the fiasco, double the fun. Nasrat should really consider the possibilities. . . for his own sake.
"For LCI to do an all-stock deal for Elite is not currently possible.. . . That much is obvious."
. . . Well folks. . . Be on the look-out for an all-stock(sp.) deal between LCI and Elite. Perhaps it could be said they are made for each other. LCI is currently down 12.96%.. . . Spin that.
Too bad Nasrat can't SHARE his thoughts on why the stock-price cannot surmount this formidable $.06 barrier. Don't you think it would be nice to have a CEO who could SHARE? Let's see. . . "I feel your pain. I really do. I have hundreds of millions of shares. . . and I don't deserve a single one. . . Oops! My mistake. I meant to say. . .What's yours is mine. "
https://simplywall.st/stocks/us/pharmaceuticals-biotech/otc-eltp/elite-pharmaceuticals
. . . Pooh Bear has lots of jars of honey.
. . . Glad we can rest easy. Huh Nasrat?
. . . In fact Pooh Bear read that smart people take naps Nasrat. . . Nasrat?. . . Nasrat?!
Hi Nasrat! Hope your having an A-1 Day! Did you know that there are a number of small pharmaceutical companies with market-caps and histories similar to Elite's? It's true. Except for one BIG difference- These other companies have accomplished what the CEO said they would. -In many instances exceeding the goals of management and the hopes of investors.. . . More on this in a bit.
"Prasco will provide sales, marketing, and distribution for the product, and Elite will manufacture the product.". . . Due to the fact that under Nasrat Hakim's errant leadership Elite has become a totally one-dimensional "manufacturer". Any pretense concerning farming out "sales, marketing, and distribution" for better efficiency is easily proven false when yet another horribly expensive deal is revealed. But, of course, all of that is
a lot of work.
Nazrat, Nazrat, Nasrat, give everyone a break, yourself included, and listen for once. . . "Retire!" -Problem solved!
The FDA probably tried to explain that listening is a skill, but you weren't listening! Whatever effort you've put into this thing amounts to $0.0525! You might say that's OK given what little effort it's been, but you've dug quite a hole. Why not let someone well-versed at dealing with total screw-ups come in, do some damage control, and get what is left moving in the right direction? Peace! Love! Out Dude! Why not hit the beach?!
-Not "complaining" just noting that the "calm before the storm" is now on it's 8th year. . . .
Having significantly lowered my cost-basis and increased my share-count with purchases at approximately $0.10, I am hopeful that someone like "no2koolaid" will take the helm or sign on in some capacity as certainly they could get the share-price above $0.20 in short order. . . . Long-ago, an acquaintance who resides very near the Elite facility got a job at Port Elizabeth where the number one key to job security and advancement was to adhere to all company policies. The number one rule, which was strictly enforced was, "Do not, under any circumstances, move quickly!" All new hires were taught "the longshoreman's shuffle" and were expected to practice it at all times during working-hours. Similar strictures are in place throughout the workforce in northern New Jersey.. . . While recently some have insisted it is OK to move quickly to avoid arrest, this has caused quite a backlash from the criminal lawyers of the area.
"I can attest from personal experience and conversations with HR leaders that troubled companies overpay for senior executives for the simple reason of being a troubled firm. . . " That is as far as I got. I should have known to stop reading @ "I can attest from personal experience". . .
You might want to keep that "under the kimono" so to speak, as some might consider it a potential source of abject ridicule. On the other hand, it could perhaps be understood as displaying an exhibitionist flair- "showing-off" if you will. It is the case that "showing-off" as such frequently comes with a hefty price-tag. . . Whoo- hoo! Personally, I think I am done day-trading MVIS. Something came up and I left a trade open after hours while forgetting about their earnings release. Luckily, I managed to escape with lunch-money. But, I have to think I certainly do not
want to make my "risk-appetite" something to brag about. You never know. "Fate is a fickle mistress." GLTY
While people are touting the value of "real-world experience"- whatever that might be, we may be fortunate enough to have gotten somebody with "under-world experience" as such credentials certainly do not obviate such a possibility. After all, we're talkin' northern New Jersey here.
"Hey Ma!. . . We got chicken?"
As per his being a good CEO. . . Of course! -Because Nasrat is a good CEO. Yes he is! He can fetch, and watch, his stock can rollover! Good CEO! Oh look, he wants more shares. How cute!
Let's applaud Nasrat's efforts because so far he has not run afoul of the SEC. . . .Maybe Nasrat will tell us to lower our expectations at the next conference-call as there really isn't any room for improvement with the bar set so high.
Let's close in the red again to give all those buyers a chance at
the "low-hanging fruit".
Good old Elite Pharmaceuticals. . . If the CEO wasn't
Nasrat Hakim, they'd have to invent him. . . . and
name him Nasrat Hakim.
I'll get back to "chillin" as instructed in a New Jersey minute.
Of course our man NAZ is probably "chillin'" too, -and doin' it RIGHT! So, he won't be interested in this:
https://ecrm.marketgate.com/Sessions/2021/08/RetailPharmacyGenericPharmaceuticalsEPPS
My apologies for getting on my soapbox and bringing a personal bias to the issues at hand rather than clarity.. . . It is truly the case that we are all God's children and that Nasrat and his boys have your hard-earned money and you ain't gettin' it back short of a miracle. So there. Jersey Rules.
I was actually thinking of a friend who graduated from The Wharton School and after decades of hard work sold his company for $150,000,000.00.. . . If Luck decides to show-up on an "as needed" basis, we can thank Nasrat and his dwindling supporters for directing us to the "right place".
. . . I don't think there is any real "trade strategy" behind
the price movement of ELTP, but I think it's price-movement is of
note as currently market-makers and "the powers that be" if you will
are causing a great number of retail traders "maximum pain" in response to the rise of the "meme-stocks" and like "coordinated buying" on the part of naive retail investors. So . . . if there is any silver-lining to owning ELTP it may be that there really isn't a lot more one can experience in the markets as painful. A course in "Child Psychology" might be helpful in understanding both the current markets and ELTP. A course in "Bad Child Psychology" would
definitely be helpful.
Did Nasrat state his preference for a "low-energy environment" as
the reason for his farming out sales duties and further diluting the company?. . . What exactly do they do at Elite? . . . They are perhaps profitable in proportion to the amount of work they do, so the answer is, "Not much."
While you state that you post as you do because you, "have the time", I post as I do because I have not the time, and certainly not the inclination to post as previously described, "voluminous posts consisting of specious theories and speculations supported by the misapplication of regurgitated, readily accessible, if not blatantly obvious "information" of a dubious character."
Once upon a time perhaps a brief window of opportunity existed whereby Elite might have become a successful company generating meaningful profits for shareholders. What was required for this to happen was first and foremost a work-ethic. As you state the need for us to see reality, I will forward the idea of competing realities, one to be realized by persons and groups who work hard thereby gaining valuable insight and experience, and one to be realized by a lackadaisical management and their supporters, both of whom possess the fruits of their daydreaming which at the end of the day show their true worth or lack thereof and nothing more.
Elite could in fact make you some money
were you to get Nasrat to post your signs
throughout the plant. -As part of a
natural devolution.
"I have two things...
Irrespective of how they got there". . .
. . . Let's assume the two things you have are nickels
to rub together. In which case you are most likely in
a better position than persons who acted upon your ample
advice. Certainly, anyone following the ELTP message board
is well aware that you "have two things. . . Irrespective of how they got there" because it takes quite a pair to serve up such fare and never disappoint.
What I am trying to say here is that there will always be what Nasrat and Crew convey as a seemingly valid excuse for under-performance. "Fool me once" getting me to buy ELTP, "shame on you". "Fool me twice" for getting me to average-down, "shame on me". The real reason for under-performance being management can exist quite comfortably at the expense of shareholders until this whole thing goes belly-up. At which time Nasrat very well may pull-up his tent to pitch it somewhere down the road with another ill-fated Sequestox equivalent.
I think you need to adopt another new screen-name once again as at the very least 'NASDAQ2020' should be updated to 'NASDAQ2021'. Of course, as a successful up-listing may be beyond Nasrat's reach (and grasp), you could just keep the name as is- Kind of like '69METS', except they were winners.
Getting a new CFO SHOULD have a significant negative impact upon sales.. . .as should the opening of beach season in northern New Jersey. Say what you will about the guy, but he knew how to rock-out!
I've been told I should "chill" because I am one of many investors who are concerned about the stock price. Our collective concern(s)have now been labeled "maniacal". This is not quite a case of "the pot calling the kettle black" because while we are told to "chill", our critic(s) ought to "get busy" and do their "homework" properly, rather than indulge in always suggesting we are somehow remiss in doing ours. I am not alone in seeing little or no value in voluminous posts consisting of specious theories and speculations supported by the misapplication of regurgitated, readily accessible, if not blatantly obvious "information" of a dubious character when said "support" is not provided by sheer falsity.. . . Oh wait! This is IHUB. Maybe I am.
. . . and his favorite violinist is Jack Benny.
Well. . . "Yes!". . . I am sorry my math was incorrect.
Of course, a correction just makes Nasrat's behavior- or lack
thereof- that more egregious. Such an error, while a bit embarrassing, is perhaps somewhat understandable due to my having
mixed-feelings about ribbing a CEO who displays the intellect and
drive of a giant clam. -I really do have better things to be doing.
I'll desist with my critical remarks as we don't need to give the head of the company more spurious reasons to treat shareholders like dirt. There is nothing I would like more than for Nasrat to prove me wrong on any and all counts. Unfortunately, He seems very content with being in the doldrums indefinitely.
The hard truth of the matter is 300,000,000 x $.05 = $1,500,000.
What Nasrat has been doing can only be called "running the company" in the context of "running the company into the ground". Had Nasrat never arrived, the company might very well have recovered from the FDA phentermine ban, continued to grow as a contract-manufacturer, gotten the stock price above $.40 in less than a year, and never looked back. The Gospel According to Nasrat has as it's beginning, middle, and end, "The share price is unimportant!". The CEO's imagination is severely misplaced. He sets a very poor example.
Anyone unfortunate enough to be like Nasrat Hakim would gladly receive one-and-a-half-million dollars instead of the severe comeuppance they deserve. The only reason for Nasrat to continue as CEO is in the hope of fleecing shareholders even more.
"I think Nasrat is taking the very conservative route"
Sure. I think it must frequently be the case that the caption precedes the imagery in a cartoon.. . . With the above, the possibilities are endless. . . . With self-driving vehicles, soon
Nasrat will be able to get to where he intends while "asleep at the wheel".
Dear Mrs. Hakim,
While Nasrat is in many ways a typical CEO, he displays a casual indifference to work performance and meeting the expectations of the shareholders who sadly have grown both accustomed to, and weary of, his poor attitude, which even more regrettably, in response to his previous failings has become one of an aloof, cool indifference, leaving investors feeling more like hostages than shareholders. We implore you to at the very least speak to him regarding his severely neglected duties to shareholders at this time as beach season is just around the corner here in northern New Jersey and while we acknowledge and in fact in some circumstances welcome the adoption of a more casual workplace, in this instance, as has been the case in several previous instances we ask you to please try to get in touch with Nasrat as his being a continued source of real disappointment is nothing to be proud of. Again we are left asking, "What's next?" with the discomfort that comes from having to acknowledge that the only "silver-lining" here is that in all probability his persistent inaction is preferable to a likely blunder. And, well yes, . . . there is the "silver lining" Nasrat's pockets as well.
The timeless constancy of company tradition that reflects
that special attitude management brings to work each and every day. . . ELTP -3.27% NASDAQ +1.76%
Beach season is just around the corner in northern N.J. . . .
Nasrat should put out an interdepartmental memo advising employees on "best practices".
-A CEO who says, "I can't do anything about the share price."
. . . ?!
"you could lower your ELTP average price"-
-Yeah, you can always do that. Wait a bit and
lower it some more.