HERE ARE THE FACTS WORTH NOTING FOLKS!! ~~~ Notice the lack of question mark
1) The "Threat" of going bankrupt is OVER!
The going concern statement has been removed from Elite's SEC filings. Don't believe me. Here.
2) Elite's NJEDA Bond Debt issue is no longer an issue.
Read the Sticky note above RE: Most recent CC.
3) Elite's revenue's continue to climb year over year for an average of 73% gain for the last 8 quarters.
The company is already CFP off of operations and chewing into the growing R&D expenses. And the growing R&D costs....please try to tell me that is a bad thing for Elite. Clearly it is a positive.
EIGHT QUARTERS AVERAGE REVENUE GROWTH OF 73% PER QUARTER!!!
TWO WHOLE YEARS averaging quarterly revenue growth of 73%!!! ELTP added more than $1,000,000 in revenue each of the last two years!!!
Compare Q2'13 vs Q2'12 Revenue increased +131%
Compare Q3'13 vs Q3'12 Revenue increased +30%
Compare Q4'13 vs Q4'12 Revenue increased +134%
Compare Q1'14 vs Q1'13 Revenue increased +27%
Compare Q2'14 vs Q2'13 Revenue increased +83%
Compare Q3'14 vs Q3'13 Revenue increased +154%
Compare Q4'14 vs Q4'13 Revenue decreased -34%
Compare Q1'15 vs Q1'14 Revenue increased +61%
Elite FY'14 Highest Revenue Year Ever!!!
Beat FY'13 By $1.2 million!
Best of all, Q1'15 crushed Q1'14 by 61%!!!
4) Elite continues to hire new employees including the following:
a) New technicians and service engineers to support Elite's ART data filings.
b) Hired a new VP of Quality Operations & Reg Affairs
c) Hired an executive VP of Operations
d) Hired 3 new employees to support internal expertise in product development, regulatory compliance and intellectual property related to the development of Elite's abuse deterrent products.
5) Elite leased an additional 20,000 square feet of commercial manufacturing and warehouse space! I do believe the current space Elite has is now 55,000 square feet. When I started purchasing my first shares back in 2011 Elite only had 15,000 square feet. So Elite has more than doubled its square footage at its disposal.
6) Elite has already set up a meeting with the FDA in October!This is to make sure that Elite is able to give the FDA all the data and information needed so Elite is able to file its first NDA ever. Thus, Elite is obviously serious and feels it is able to move its ART products through the FDA maze and onto the market. This is when the Real money is going to be made here. IMO sometime between 2015-2017.
Further, Elite has decided to manufacture Eli 200 by itself saving the company tons of cash!
7) The stock price has more than Quadrupled since Nasrat became CEO while the share count hasn't even doubled since this same period!
8) Nobody will stop us not even the FDA! Speaks for itself....ART is coming and not a damn thing anybody is going to do about it!!
9) AND if there is one more needed: Nasrat bought an additional 700,000 shares at an average of 30.5. Enough said.
*****THE REAL MONEY ~~~ is made here NOW prior to Elite's ART opioids hitting the market....however, the gains won't be monetized UNTIL Elite's ART hits the markets IMO.
Fear Uncertainty and Doubt FUD It Ain't Going To Work Here Anymore. Notice the lack of question mark.
