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Sometimes they’ll forget and reply to themselves, caught it the other day. Is being banished back to the goat fields the punishment?
Actually much prefer the board like this. You can actually call out the BS for what it is without getting censored, for the most part.
It could be me in the minority, who knows. I can respect the difference of opinion.
To me, rather than get on every conference call and essentially say “It seems like the better we do, the worse the stock gets. Welp, anyway…”, why not pivot a little bit? When the ART technology hit a wall, they said okay, let’s pivot here, build up a solid generic business instead so we have enough money to maybe make this worthwhile down the road. Similarly, we’ve seen the stock decline for how many years now? Let’s issue more, but still substantive, PRs. Let’s make sure all our salaries are paid out in cash. Let’s issue a buyback here and there.
I don’t want to be on a conference call in 2025 and hear “We now have a record-setting 100 million in revenues now and our stock is .02. Anyway…”
I anticipate the same type of stair-stepping revenues in the coming months and years, not unlike how we went from barely anything to $30-34M in a few years. I would expect a larger and quicker snowball from here vs starting at ground zero. We also have an opportunity to grow the existing Adderrall ER product by 1.5-2x or more by selling it ourselves. That’s before the Oxy generic and whatever the other “needle movers” are. Also doesn’t count any developments overseas.
Anyone’s guess as to how and when the stock responds to the above.
I’ve brought up in my CC Q’s that I think it’s time (past time) for a share buyback program, all salaries in cash and a more aggressive IR outreach. If we can afford to spend hundreds of millions on R&D over the years, we can afford to spend 500k-1M+ on a buyback, even one would change the general calculus/sentiment around here. My opinions only.
For sure. Who is the Geppetto in this fiction?
Amen to that
You agree that you wish you’d sell and go away?
You know why.
Forget to change handles?
If you truly believed Nasrat was gonna try and takeover the company super cheap, surely you’d have sold by now??
If I believed that, I would’ve.
That’s not really what I said though. Just making the point that the drug trialing and approval process and the slow nature of pharma is a constant, regardless of who has their name on the CEO office door.
And he could be CEO for 100 years. Barring additional legal/regulatory action, the approval pathway remains the same.
“Paid to Defend NasRat and distract away from anyone thinking about taking action to call him into check”
What is the actual proposal here that he’s supposedly distracting from?
How would he “quickly make Elite succeed”, given the governmental/regulatory hurdles in pharma?
It takes months if not years to trial a potential ANDA, then several months to compile the data and file the ANDA, then 10+ months for approval IF no CRLs, then usually 2-3 more months to launch, and THEN you see the revenues start to build over the subsequent months and years.
These hurdles will always exist (unless laws/regulations change), regardless of who is CEO.
This one is kinda common sense - you don’t want to ask for an increase in the AS count and then have to come back and ask for another one anytime soon. Of course he gave some breathing room. I don’t think any of us enjoy dilution but I understand why you wouldn’t ask for a bare minimum raise.
Settle down.
Buy the fear, sell the greed.
0.0383 x 136 shares. Lol.
A 5$ and change trade, assuming no commission. Just a partial fill of another order? Or….
Want to hear what Elite says the other big generics in the pipeline are, not what we think/hope they are.
Ready to hear about Oxy and whatever the other big generics are.
Many more potential positives/irons in the fire here for the company than potential negatives, IMO. Most products other than Adderrall IR (which is in shortage and in high demand) are relatively small but they are decently diversified overall. CEO anticipates increased sales of their ER version going forward with the company’s new sales and marketing arm.
But any newbie candidly shouldn’t trust anyone here - company website gives a quick overview of product offerings, read the filings, listen to, or read transcripts of, the conference calls.
I hope you are wrong too. He’s grown the business itself by leaps and bounds compared to where it was just a few years ago, the stock just needs to follow suit.
Like I said, no problem with pushing for different board members but I’m not sure how we would force something like that to occur.
I do think a share buyback would be excellent and would benefit everyone here and Elite employees, Nasrat most of all. Clearly the business strategy alone hasn’t translated to stock price success but I don’t think they can stay disconnected from each other forever. IMO - They’ve sunk hundreds of millions into R&D over the years so I don’t think a few million for buybacks is an unreasonable ask, spread it out over a couple years. Million bucks here, million there. He may not do it but I plan to keep bringing it up every call.
I’ve traded the short term swings a few times with a portion of shares. Did earlier some today actually, gotta love those tax free Roth profits! Have only done that a handful of times over the years though. Now watch, it’ll spike to spite me.
But yes, he should be paid in cash instead of shares from a dilution perspective. Per last cc, I believe he said he would prefer that but that the board hadn’t agreed to it yet?
I still think he is accumulating shares for a reason - just not the reason you think. Lol
I’m honestly not sure what your point is with these types of posts. You want to change the BoD members? Make a push for it, I don’t object to that.
If I only had .31 shares, sure. Got much more at these levels but thanks for the concern.
Nice, thanks. Sometimes transcripts do come out a little goofy but makes sense to me.
Did he? Don’t remember the August part, might go back and re-listen. Def interested to see how it has shaken out since last cc.
Of course, anyone would. Lol. Who cares how you made it big as long as it’s legal!
Correct - with exception of revenues vs earnings iirc. I concur with the assessment.
Good post and bonus points for setting off alarms in the boiler room.
Yep. Fair point on the letter’s release date, although my guess is the agencies have actually been taking action on the shortages before yesterday. Hopefully we do hear on the next call about more quota headed our way.
Question for Nasrat on the next call - has the FDA/DEA communicated with Elite recently on the drug shortage and if so, is Elite going to be allocated additional amphetamine API from these other manufacturers not meeting their quotas in this calendar year and/or in future years?
Oh, is this from an implied master investor? Lmao. So brilliant that he’s been posting on Elite’s boards for years and now spending his day sifting through years old posts, not off on a beach somewhere from all his other investment winnings. Lol pathetic. How’s minimum wage?
Never claimed to be a pro. But I don’t get paid to bash tickers.
k stalker lmao
Guy has literally been stalking and spamming me for over a year now. Imagine how much of a degenerate one has to be.
Another of many tickers that you and crew have bashed for years? Lol. Exposed yourself, clown. Honk honk
Same here. Been a long time and we’ve been more than patient. Show me the money!
Clown gov agencies. Lol. It’s August already.
“Hey ramp up production real quick, private companies, we have a drug shortage. Oh yeah, the others who already maxed their quotas can’t (the quotas we set).”
Oh yeah, lots of paid ELTP trolls. But imagine if someone just trolled for years for free and how psychotic that is. Those types are out there too.