Elite Pharmaceuticals Inc (ELTP)

[WeeZuhl]

What does “Spine up” mean in practice?

You're already there, elichen. Spine up is Step One in expecting better from Elite management. It means it is time to stop apologizing for Nasrat's repeated failures.

He was appointed on 8/5/13, and share price was .07 with 395,000,000 shares outstanding. After 7 years, share price is lower and outstanding shares are over 1 billion. Every single development project has been a failure, and even the successes were turned into failures. Spine up means stop treating him like a messiah and start recognizing his failed leadership.

SequestOx.....FAIL
RefSOx#1......FAIL
RefSOx#2......FAIL
OxyContin.....FAIL
ADF Perc......FAIL
ADF Norco.....FAIL
New ADF oxy...FAIL
GenericPerc...SUCCESS-->FAIL
GenericNorco..SUCCESS-->FAIL
GenericTyl#3..SUCCESS-->FAIL
hydromorph....FAIL
Methadone.....SUCCESS-->FAIL
Adderall......SUCCESS-->FAIL
AdderallXR....SUCCESS-->FAIL
SunGen Abx....FAIL
Concerta......FAIL


Nasrat Hakim's tenure as CEO of Elite has been nothing but a giant FAIL. Any Elite shareholder who thinks he's doing anything but the WORST job ever needs to spine up.

And remember, the only reason Elite doesn't already own 100% of the Adderall ANDA's is because Nasrat literally wasted 650,000,000 shares on NOTHING but FAIL. The idea that Nasrat Hakim and Mikah are enriching themselves by siphoning millions of dollars from Elite, while the share price is at historic lows, is disgusting, and any Elite shareholder who isn't sickened by the thought of it needs to spine up!