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Well we didn’t use up all of the last LPC deal and we won’t use up this one either.. but it’s there for a show of strength.
Just why is this kind of financing a surprise to most when Nasrat eluded to his liking of the last LPC deal???..
This is all just window dressing for the coming merger.. IMO.. that’s not a spin.. it’s called reality
Agreed... not of which is Nasrat’s fault.. this lets remove the CEO stuff is nothing but BS..
All of this nonsense is directed at the current share price. Which is being manipulated and Nasrat has nothing to do with it.
If the share price was currently at .30.... shareholders would be likely to complain about our CEO..
Just to clear up the other BS... Most companies in the pennies don’t have a conference calls.. let alone live Q & A... facts matter
Nasrat has not announced yet how he will transfer ownership to Elite from Micah... yet there is constant speculation and constant complaining about how he will do it...
Definitely not completely accurate.. and it didn’t run to $1.00 last year either..
Thank you and I agree whole heartedly.. a perfect synopsis of mostly likely how it all went down...
Elite getting a little publicity
https://microcapdaily.com/the-buzz-on-elite-pharmaceuticals-inc-otcbbeltp/126297/
I would need an independent analysis to tell me that 45% growth isn’t significant... How are you?
Great post... so Nasrat isn’t a crook after all.... actually he’s a man of his word... hmmmm.
So no list thanks... pure BS
Please provide a list of examples thanks
I understand....
A. Who says that they aren’t the exact same terms?
B. Is there Pharmaceutical reason for not doing that? ( I’m not smart enough to know)
C. Is the tax advantages to doing it this way for both companies? Again see B
D. The reason you see no terms is because legally it’s two private companies and none of our business. ( legally)
He said future profits.... example - if Elite achieved 10% of the Adderall market IR and ER.... would investors agree to 1 quarter of 1% of future profits until agreements were satisfied?
So what you are saying is.... You would be fine if a perfect stranger or company made the purchase and made profits in the sale to Elite but you don’t trust your CEO to do the ethical thing?.... Instead you would rather speculate on his ethics.
We shall see how it plays out. If I’m wrong I will admit it and I expect the same. History is on my side btw....
That makes zero sense...... So do you think if Elite had the money to buy the rights from SunGen that SunGen would of sold their half to Elite at COST?.... that’s ridiculous.... SunGen also made money on the deal.
Ok let’s look at it this way then.... If the FDA banded Adderall tomorrow... We would all most likely lose all or most of our investment here.
Would Nasrat lose a lot more than just his shares in Elite? Answer is yes... He has way more risk.
Those that risk more get paid... it’s called free enterprise... or do we believe in socialism here also...smh....
No kidding.... what’s your point.... no matter who purchased the other half from SunGen would of benefited....
Is it not better that it’s someone who is working with/for Elite’s shareholders... Nasrat gets paid... good for him....he is also the only one that is taking any risk...
Oh you mean like he did when he loaned Elite 1 million dollars on and unsecured loan..?...
Payment for the complete rights could be made pro active on future sales based on projected amounts until paid in full... Why not?
I personally think shareholders are better off paying Nasrat a small percentage of profits from future sales then to dilute our stock any further.
We are just assuming it will result in dilution... Nasrat could also be paid back by a percentage from our profits from sales.
Either way he gets paid back. He will have Elites best interest in mind... IMO
And shareholders would be very smart to give Nasrat the shares for them... I don’t care how many shares he will have then.
Well should wait to see the spike in August... Straight up...LOL LOL
Nasrat stated he has a plan he will share with the shareholders going forward about Adderall. Nasrat has always shown his loyalty to Elite first and foremost..
What I like about this deal is.
Elite and Nasrat have total control now on any profit sharing decisions and all buy out scenarios..
Elite currently didn’t have the funds to purchase the sole rights of Adderall from SunGen and ridding themselves with the going concern which is more important and there were Chinese companies that wanted it. He had to act fast.
The only real problem would be if investors thing Nasrat might take Elite private with Mikah... I don’t see this as a real threat.
And during a pandemic
Awww... so close... LOL LOL LOL
Agreed, most were taken out then
Just a reminder to remove all stop losses.. if you don’t want your shares taken...if it’s not to late..
Again remember, lots of shareholders have averaged down and will be flipping for profits... it will take huge volume to move this a lot...
What’s your opinion on this... with market makers and investors buying thousands/ millions of shares at these cheap levels over the last year. Do you believe a lot will be looking to flip shares in the teens? If so, do you believe it will be hard to move the share price significantly even with great numbers in the August CC...?
Agreed.... if you want companies that are better... Invest in a Fortune 500 company... We all take on a certain amount of risk and imperfections when we invest in the pennies.
Elite is better than most and you know it...Lets just keep our vision on where we are headed.
We all need to calm down... this is just a another typo, that’s all...I know, I know they are annoying and it has happened too many times but it has absolutely NOTHING to do with the share price and the future of this company... We all have made mistakes in our jobs....get over it..This is the OTC....we may feel we are big time investors ...investing our hard earned money into a big company...Elite is not...go to a shareholders meeting and you will realize quickly..
Point is, It would be great if these mistakes were limited or eliminated. But we are a tiny company growing in the right direction with a bunch of overworked people.
As we grow as a company. Expectations will change.
Great perspective... agreed..
Same amount of evidence for a reverse split.. LOL LOL
Self fund.. sorry
Merger or buy out coming
There is no secret... a PR will be issued.. this is from N2k who had emailed Dianne on another matter...
It appears I may have been the only one to submit my questions early and, thus, I received the following response from Dianne. As she did not ask for me to withhold the information, I presume I can share it; though I am surprised to be the only one to have the information...
Quote:
Thank you (N2K).
I will include your questions for the conference call.
The filing deadline is now June 29th.
Best regards,
Dianne
Ok I’ll bite.... which one am I..?....lol...scam..? Are you serious... still waiting for that list of all the companies that are CFP with revenue quarter after quarter on the OTC...
And didn’t you just reinvest in Elite..?... what’s that say about you if this is a scam...?