Back then, Nasrat had 158 Million shares that if sold on the open market would have eliminated the stock. Transferring them and mitigating them the way he did, saved Elite and also mitigated his investment. Win/Win.

lucky "Dr Weezuhl" was not our CEO when Sungen wanted to sell the 50% Adderall. Elite would have been bankrupt.

What you call AI generated garbage is the future of humanity.

Like in the 50's companies that refused to get on the computers wagon disappeared, you have no future.

I wish you could see what we can do today with AI. You would fall on your ask.

YES, I am proud to be AI literate.

Researchers from Microsoft and Carnegie Mellon University recently published a study looking at how using generative AI at work affects critical thinking skills.

“Used improperly, technologies can and do result in the deterioration of cognitive faculties that ought to be preserved,” the paper states.

When people rely on generative AI at work, their effort shifts toward verifying that an AI’s response is good enough to use, instead of using higher-order critical thinking skills like creating, evaluating, and analyzing information. If humans only intervene when AI responses are insufficient, the paper says, then workers are deprived of “routine opportunities to practice their judgment and strengthen their cognitive musculature, leaving them atrophied and unprepared when the exceptions do arise.”

In other words, when we rely too much on AI to think for us, we get worse at solving problems ourselves when AI fails.

Mr. Hakim and Elite Pharmaceuticals likely pursued the exchange for the following reasons:

So I took the whole paragraph and fed it to 2 AI engines and I got two opposite answers.

Go back to first grade and learn to read.

There is a 4.99% cap.

I won’t fish it for you as I am still in bed. But after you find it in the document, I expect a huge apology from you.

You do not call me a liar!!!

f) Holder’s Exercise Limitations. Except for exercises of this Warrant by Mr. Nasrat Hakim and/or any entity for which Mr. Hakim would be deemed the beneficial owner for purposes of Section 16 of the Securities Exchange Act of 1934, as amended (the “Exchange Act”) and the rules and regulations promulgated thereunder, the Company shall not effect any exercise of this Warrant, and a Holder shall not have the right to exercise any portion of this Warrant, pursuant to Section 2 or otherwise, to the extent that after giving effect to such exercise as set forth on the applicable Notice of Exercise, such Holder (for purposes of this Section 2(f), “Holder” includes such Holder's Affiliates, and any other person or entity acting as a group together with such Holder or any of such Holder's Affiliates) would beneficially own in excess of the Beneficial Ownership Limitation (as defined below).

Just want to mention that the maximum number of shares the warrants can be translated to is 4.99% of the float or about 53.2 Million shares.

You've been advocating the mikah tax for so long, why not bombard Elite management with email or better yet a letter addressed to Nasrat and see what happens.

If Mikah is sold to a public company there can be no secret Mikah check.

...But you look at what is in the total liabilities and there's one thing that jumps out at you and it's the derivative liability for the warrants. That increase that went from 9 to 22,000,000.

... I've mentioned this before, but the derivative liabilities are related to the warrants and they're valued using the Black Scholes method and they essentially the level of liability varies directly with our stock price. If the price goes up, the price per share goes up, the liability goes up. If the price per share goes down, the liability goes down.

...So first of all, it's not possible to remove the warrants from the financials as GAAP requires that we account for them and we present them as we are presenting them. So the balance sheet, the cash flow, the P and L statement, they all have to take into consideration the warrants and it can't be excluded.

Ask yourself: as the largest shareholder in Elite, wouldn't it be to Hakim's benefit to clear the 79 million warrants that drag down our net income every time the share price goes up? Why wouldn't he execute these cashless warrants now so they stop being a liability for the rest of us? How did awarding himself 79 million warrants benefit the rest of Elite shareholders? How does their continued existence help anyone but Hakim?

Ask yourself: as the largest shareholder in Elite, wouldn't it be to Hakim's benefit to clear the 79 million warrants that drag down our net income every time the share price goes up? Why wouldn't he execute these cashless warrants now so they stop being a liability for the rest of us? How did awarding himself 79 million warrants benefit the rest of Elite shareholders? How does their continued existence help anyone but Hakim?

He has the most to gain with ELTP's success as the largest shareholder.

The typical "argument from authority" though, the medical school dogmatic thinking that can't accept conflicting information, the demonizing the opposing side - miss me with that dogshit.

Good. They're largely ineffective anyway and elderly deaths have gone up, not down, since we started mass targeting flu vaccine campaigns.

Kool aide drinkers don't see red flags. They see otc fantasy dreams. Watch and learn. Bridges are coming.

NO ONE CARES about what happened 10 years ago!

The purchase/re-purchase of the opioid shares clearly shows that divestiture ANDAs can result in substantial increase in revenue for Elite and bring in that revenue in a very short time.

The Mallinkrodt and Endo merger that recently was announced may create an opportunity to purchase ANDA’s. There is overlap in their portfolios.

I’d love to see our dopamine agonist finally move forward.

Doctors didn't warn women of 'risky sex' drug urges
2 days ago
A report by drugs firm GSK - seen by the BBC - shows it learned in 2003 of a link between the medicines, known as dopamine agonist drugs, and what it described as "deviant" sexual behaviour. It cited a case of a man who had sexually assaulted a child while taking the drug for Parkinson's. While there is no explicit reference to this side effect in patient leaflets, the UK medicines regulator told us there was a general warning about increased libido and harmful behaviour. GSK says a risk of "altered" sexual interest is also referred to in the leaflets. Some of the women who described being drawn to risky sexual behaviour told us they had no idea of what was causing it. Others said they felt compelled to gamble or shop with no history of such activities. One accumulated debts of more than £150,000.

Like many women, Claire first developed RLS during her pregnancies. The relentless need to move was often accompanied by sleeplessness and a crawling sensation under her skin. The condition persisted after giving birth and she was prescribed the dopamine agonist drug Ropinirole. She says she was not warned by doctors of any side effects. It initially worked wonders for her RLS, she says, but after a year or so she began feeling unprecedented sexual urges.

"The only way I could describe it is it was just deviant," she tells us - using that word without any knowledge of the GSK research which had established a link with such behaviour. Claire says she began leaving her house in the early hours of the morning to cruise for sex. Wearing a see-through top and jacket, she would flash her chest at any man she could find. She did this regularly, she says, and in increasingly dangerous locations, despite having a partner.

The Cardinal distribution center that my employer uses still does not stock Elite’s generic Vyvanse. I’d love to hear if it is stocked at a different wholesaler.

Do you agree at least that mikah tax = sungen tax?

So why the whining?

I prefer the mikah tax over the sungen tax.

What's your end game here, you really are not specific what you are asking him to do.

Give it up WeeZuhl.
You are so negative, I cannot believe you own shares (but you claim you do).
Your personal vendetta does nothing but display negative sentiment towards the company which happens to be doing very nicely. The problem I have is your statements of negativity are also read by potential investors who think the company is a complete fraud which is not the case. Perhaps we would do better if you refrained from this unproductive information about something that happened years ago and is not relevant either to today's business or any potential buyout.

Weezuhl makes his points well, but it is very old news that is fully baked into the share price. Nasrat is no longer paid in shares. Whether or not Elite overpaid for trimipramine and others does not matter at this point. It also does not matter that Mikah makes money on Adderall. The market looks forward.

You can get loans at great rates on receivables.

Mikah brought a number of drugs to Elite which helped drive some revenue so they didn't have to use as much toxic financing. I believe Isradipine and Naltrexone were two. NOTICE HE DOESNT MENTION THEM.

FYI, Treppel purchased naltrexone in 2010, and he had a deal in place to contract manufacture isradapine as well. Same with hydromorphone (purchased) and phendimetrazine (contract). Any drug that Mikah owned that was worth a shit had already come to Elite via arm's length deals negotiated by Treppel on one side and Hakim on the other. The rest of Mikah's worthless crap was forced upon shareholders by the Elite board (Hakim's business partners at Epic) in the supposed $10M "merge" in 2013. The $10M deal does not seem to be an arm's length transaction because we subsequently found out Hakim was a member of Epic Investments. It certainly doesn't seem to fulfill the fiduciary duty that the board and CEO had to Elite shareholders.

You are welcome for this history lesson, Sleuth. Try to keep up. Repeal the Mikah Tax.

What is the Mikah Tax?

Mikah may not stop an eventual buyout, but it will definitely slow it down and diminish the payout. Top tier companies will not want anything to do with negotiating with Hakim for both Elite and Mikah, and those that do will expect a deep discount for public Elite in exchange for their private generosity for Mikah. When the buyout finally occurs, every Elite shareholder will pay the Mikah Tax. A true long investor shouldn't care about the day to day share price. A true long should only worry about their total proceeds at buyout, including tax liabilities. A true long should be working diligently to unwind the intermingling of Mikah and Elite -- it is nothing more than common sense tax avoidance strategy.


Mikah Tax -- the cost we will all pay at buyout due to the ongoing intermingling of Mikah and Elite.

1. Cost of Second Tier Suitors -- top companies will stay away
2. Cost of Secret Side Deal with Hakim -- shareholders will never know how much money he demands for himself on the side
3. Cost of Mikah litigation -- multiple class action suits are guaranteed


Repeal the Mikah Tax!! Let's get rid of Mikah now and forever.

Nasrat is the best CEO I know. He keeps the investors informed, he is smart, resourceful and honest.

we have a HUGE handicap because we are on the OTC. If we were on the NYSE or NASDAQ, we would have coverage of analysts

I hope I don’t become too much like you guys when I grow older. The world is gray and quite challenging so maybe I will be more hardened in the future. I hope not. Ultimately God knows the truth.

You think maybe his name is telling you something? Just possibly?

Always blows my mind what people will believe. Well, I am an Astro physicist rocket brain surgeon. Will you believe me, if I said I was just a physicist?

I know doctors...all different types...they wouldn't.

This is the funniest post I have read in months. Its equally funny whether you believe what you are writing or whether your being sarcastic. The reason it is funny differs for each of those cases, but how much amusement I get from it is the same, so I don't even care whether you believe what you are saying or not.

Hakim is worried about the Mikah Tax.

He knows Mikah is a very serious issue, and I suspect it weighs on him heavily. Hakim knows every Elite common shareholder will pay a hefty Mikah Tax at the time of buyout, including himself. For now, paying the Mikah Tax will pay off for him because of his Mikah proceeds, which only he enjoys. The rest of us will pay the Mikah Tax without receiving any benefit at all. What is the Mikah Tax? This is the cost we will all pay at buyout due to the ongoing intermingling of Mikah and Elite.


Mikah Tax
1. Cost of Second Tier Suitors -- top companies will stay away
2. Cost of Secret Side Deal with Hakim -- shareholders will never know how much money he demands for himself on the side
3. Cost of Mikah litigation -- multiple class action suits are guaranteed


A true long shouldn't care about the day to day share price. A true long is only worried about their total proceeds at buyout, including tax liabilities. A true long should be working diligently to unwind the intermingling of Mikah and Elite -- it is nothing more than common sense tax avoidance strategy.

Repeal the Mikah Tax!! Let's get rid of Mikah now and forever.

When the weasel speaks we go up.

I thought you and Weezhul were the 🤡s calling for Nasrat to leave.
BTW, where is the resident negative Nasrat basher~?

Calling what Nasrat did a lie is not quite right, because your post shows that he made it quite clear that the BE wasn't a 'full' BE and was in fact limited.
But we all have to admit that Nasrat did not openly tell us everything going on that he could have with respect to SequestOx. On the other hand he clearly qualified what was considered BE in the PR to "The study results demonstrated Elite’s product is bioequivalent to the branded drug based on pharmacokinetic measures including peak concentration (Cmax) and area under the curve (AUC) for opioid blood plasma levels. ". So he wasn't exactly not mentioning the problem.

Everyone reading it (especially all the doctors and pharmacologists) could/should have noticed this unusual qualification and caught on that something wasn't right. Anyone professionally trained who doesn't admit and recognize they had ever opportunity to catch the issue, or at least know something was up is being blinded by ego and not taking responsibility for their failure.