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Thanks, proves my point.. can't provide a logical answer.. so just ignore it.
Why bother? its all about the perception of a self-serving CEO of a private company doing business with his publicly held company... give me one example, just one, where this type of arrangement is precedented.. why not disclose to provide full transparency. Why not just disclose it? pretty simple.. the lack of full disclosure just adds to speculation he is self-serving.
ha, good response... so that the best you can do for why not to disclose it? Give me a break.
Simple question.. does it make sense for the Mikah/Nasrat to disclose how much he paid for the 1/2? Full transparency on his cost in relation to selling it back would dispel appearance of a self-serving deal.
At the risk of being labeled a yes man… this post is absolutely right on.
There is no doubt this is a conflict of interest.. Mikah being involved by providing research, development, sales and licensing is an absolute joke.
watch out below...
IMO Unfortunately, this will be back in single digits by end of week..
I agree, why would there be so much available for sale at these levels.. something doesn’t seem right IMO
stock will be back in .03s today..
this post is right on target, and the primary reason why this stock price is down.. the ceo continues to treat shareholders like idiots. the below excerpt from recent CC is a prime example... he says " I've addressed this issue to death"
"it does not impact Elite in any way shape or form"
Doesnt' impact elite... Bullsxxx..
"We are a serious company"
Yea, serious public company that has a CEO running a parallel private company which cherry picks beneficial deals for his own benefit.
NO frankly you haven't addressed it at all.. all you've done is displayed an exasperation with having to address it. The question about alternative financing or arrangement for Elite to take on the Sungen percent is valid...
We will never know how much the percent ownership cost. You can bet the CEO will never be transparent about those details. Why?
He is a coward when it comes to addressing questions. So, easy to have a one side conversation isn't it... all you have to do is say that's ridiculous and move on. There is zero accountability.
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I'll start first with the partnerships and sales. The first set of questions, but five, six of them, five of them are about Mikah and Adderall, okay? I've addressed this issue to death and there will be no more at a single decision. If and when, the Board of Directors decided this time to make an offer. And if it is accepted then there will be an announcement, till then, we are in the same norm we were in the port, where SunGen on this product and if SunGen sold it to a Chinese or Indian company, would have been in the same boat or even worse, it does not impact Elite in any way shape or form. The board will decide if and when they are going to make an offer and you're asking the question doesn't mean I'm going to tell you, oh yeah, thanks for asking, I talked to the board and they said let's do this.
These questions are meant to create negative impact on the Board and create gossip and we're done with that. We are a serious company. We're starting sales and marketing. We need to start in sustaining serious questions. Questions like why didn't you give us the money in 2020 in order to buy this are really ridiculous.
What is interesting is the ceo says he’s fired the last two cfos..one very short timer, isn’t he responsible for assessing and signing off on the hiring of these people… imo these are critical missteps and he needs to own them, however clearly based on his flipped comments that’s not the case..
What were the restrictive covenants? Do you know? Didn’t think so… 9-10% is a very favorable rate for the lender.. regardless, these deals the ceo is making, first with is private company and now him individually via a loan stinks to high heaven.. period. This is why the SP is in the tank.. any reputable investor looking under covers on this would run away..
Just when you thought you’d already seen the scam of the century.. he’s drops another bomb.. so, anyone still wondering why the SP is down? It’s all about trust.. this CEO has none.. IMO he’s a scammer all pointing to lining his own pocket.. you can’t make this stuff up..
there is one major factor that is keeping the SP down.. its the CEO.. he is not trust worthy, period. The deal he has mustered with his private company speaks volumes. regardless of fundamentals, this is a one trick pony.. he has made no progress on future revenue streams, nor does he provide any guidance, he is arrogant and dismissive on CCs.. he operates this public entity on the fringe of being compliant with requirements, there is no accountability by a board. that is why the SP is down.
absolutely very good chance...
yet another CFO leaving.. wow... something is definitely amiss.
I find it interesting but not at all surprised by the CEOs response to enhancing the awareness of the company through presentations, etc. to investment communities. He basically said he plans to stay the course. Why? Why not get the word out and promote the company? companies do it all the time.. IMO he doesn't give or care about shareholder value and further he is afraid to have to answer some tough pointed questions about his private company arrangement. which I've said before IMO is holding the SP down. As always, his arrogance was on display again yesterday, he exudes exasperation by having to address questions.
yea, it can be discussed and determined to be rare.. but again IMO that is what is holding this SP down.. basic distrust and lack of transparency by the CEO.
IMO its all about the distrust of the CEO, period. Can anyone point to another company, OTC, any exchange, etc.. where the CEO has a directly related side gig (private company) that offers him profits from the same business on both sides of the fence? this arrangement is ridiculous, the lack of transparency is a joke.. just watch/listen to his arrogance this morning... that behavior is a direct impact on the stock price.
no remember its manipulation.
record earnings? I don't think so... my guess it will be right at $7mil..
yea, the CEO continues to avoid live questions.. interesting deadline for questions is always days before the results come out. Eliminates any questions about specifics in the report. CEO continues to operate just above the legal requirements of a public company. His arrogance comes out in a big way during the CC..
agree.. the notion that the CEO is some savior by positioning his private company to take on the available 1/2 of Adderall is a joke. what will further the joke is the lack of transparency on the actual cost to Mikah.. and maybe the sale back to his public company. there is no other possible way to paint this but a legalized sham all for the benefit of an arrogant CEO. now being to see why one poster is so aligned with the ceo, they share some commonalities.
Really surprised at this post.. as the astute businessman you claim to be. It’s pretty elementary to most here that the low share price benefits the ceo when the company distributes shares as a means of compensation. Sure a low price would impact liquidation. However as many have stated here the ceo is playing the low SP to his benefit..this is more evident based on the fact he clearly has no interest in promoting the company, his boiler plate response is manipulation which is a joke.. the problem continues to be the lack of transparency along with the CEO’s private company arrangement. Just ask any independent analyst to take a peek at this and you’ll hear a “are you kidding” can’t make this up
why is is good business to take out a loan to buy a building but not ok to possibly buy 1/2 Adderall. we have no idea what Mikah paid for the 1/2.. and never will. but I guarantee you (the owner of Mikah and oh who is the CEO of the related publically held business) is making this arrangement well worth his while personally.. you can't make this stuff up.. just stinks.
New board of directors? Hilarious… how long is it going to take for some to understand the ceo has complete control over this so called publicly traded company… absolute complete control, anyone that thinks differently is unfortunately mistaken… everything he does is just on the fringe of maintaining public trading requirements, so sure new board picked by whom? I bet the ceo occasionally gets a kick out of reading this board
nice try, but I sold over 50,000 share by just offering at bid.. so sorry not buying it. but nice try.
This is just one example of the condescending CEO...
Dexcel, any new news on Dexcel front. Israel has no Adderall at all. Does the situation influence the Ministry of Health’s approval?
No. This is a decision for them. They are the experts in their own country. They will be working with their country. We are here to support them anytime they need us. We have absolutely no control and no knowledge of actually how they do things in Israel. They’re our partner. When they tell us they’re ready, we are ready.
Basically, how dare you ask me about a partner that we PRd some time ago.. so you haven't talked to your partner to simply get a timeframe, are you not interested?
How things go today? I'll tell you exactly how they'll go... the CEO will get on the call and display his normal condensing approach.. he'll display exasperation with having to address questions, he will provide no future expectations... call will end and the stock will drift into the .02s by end of week. with tax selling this will be lucky to hold .02 by mid-Dec... face it the CEO is printing money/shares.. he has no regard to common shareholders, that's what will happen today.
This ceo is basically running a legalized scam..
What I find hilarious, is the fact there is some exception or really hope for something unexpected from earnings or a CC… I can tell you this and you can take it to the bank… there will be nothing, you’ll be back to hoping/ waiting for that excitement in another four months… bet on it.
Not sure about revs, but it will be disappointing along with another condescending CC from CEO, who continues to treat the calls as an necessary annoyance….. I will predict stock will be at .025 by Friday
Patience? Hilarious....
this stock is going nowhere but down.. CEO has nothing on the horizon that will spark interest.. just wait until tax selling kicks in.. this will not hold .02... dying a slow death.. amazing there are some that continue to provide conjecture.. truth is the CEO is milking this as his own private piggy bank. Have you ever heard him provide any forward looking excitement.. I understand and not asking for a shallow cheerleader.. but there has been absolutely zero promotion on a business plan and corresponding appreciation. absolutely a joke.. like legalized steeling.
that's the million dollar question... "how much did Mikah pay for it"..
kind of convenient isn't it, the CEO being a private company
shouldn't boggle your mind.. this CEO is running two private companies.. one disguised as a public company with zero accountability..
I predict the SP will drift down to a new .03 range today... CEO will exude is normal arrogance and clear displeasure of having to be bothered with a quarterly CC.. and then go back into his cave for another 3 months... what a joke... have to admit he's worked out a pretty nice gig for himself.
Disappointing results, no wonder the stock is .04 headwind lower
surprised there's been no wild guesses on revenue today?