Replies to post #318897 on Elite Pharmaceuticals Inc (ELTP)

[rrr2003]

Nah. . .the nonsensical allegation was that Nasrat was not able to "forecast" the Q1 results which, of course, is BS.

[Chasing]

It's absolute nonsense to say Nasrat forecasted revs bc blah blah blah. The company forecasted bc that's what companies do. Whether there was going to be something bad to offset or not, the company still has and had the forecasts. We'll see if they're correct. His forecasts are based on what our partners tell him. Technically, he didn't forecast anything. Somebody in the company handles sales forecasts. That sales forecasts is used to establish productions plans, budgets, etc. All Nasrat did was relay the info. If he didn't relay the message and someone found out, then there would be a narrative of how he was withholding valuable information.

So we had already revenues lined up and sales lined up working with our partners, these are all projections that are coming from our partners that the coming quarter ending in June and the quarter after and quarter after, things were moving up

--Nasrat

The CEO forecasted rev's over the next 3 quarters as a strategy to offset all the bad news last Q

To say it didn't work is subjective and still undetermined.