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Thursday, December 02, 2021 10:59:44 AM
I do not think Nasrat/Mikah want to sell their rights
Given the failure to penetrate the market and the recent news of our marketing partner's acquisition of their own ANDA for Adderall XR, it seems that the Adderall XR rights purchased from SunGen by Mikah are significantly less valuable today than when Mikah made the deal. I'm sure Nasrat is anxious to unload this impaired property and will give Elite shareholders a substantial discount. This is a good lesson for Nasrat. Sometimes you get into an investment you think will go up, up, up, but instead, company mismanagement drives it down, down, down. All you can do is sell for a loss and take the tax write-off. You win some and you lose some, Mr. Hakim.
Seriously, though, I don't think Nasrat knew this was coming, otherwise he wouldn't have spent time and effort telling shareholders how important it is to give Lannett plenty of runway to build the Adderall XR market. It looks now like they haven't been building the market for our product so much as probing the market for theirs. They can take their time and find the true sweet spot and then drop in their own product when it is convenient for them. The only leverage Nasrat has is that Adderall IR is currently the better product. When Lannett gets that ANDA too, then Elite is superfluous and unnecessary.
Today's 8k should be read to say that the major disruption to Elite's cash flow will not occur until 2024. If Nasrat wants to avoid that huge catastrophe then he needs to get the hell away from Lannett as soon as possible, long before 2024. He really knows how to pick them. Somewhere a phone is ringing at Epic HQ.
P.S. Epic already sells their own Adderall IR.
P.P.S. Our patented 2 bead antagonist ADF does not work with Adderall.
#FreeSequestOx
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