Replies to post #339148 on Elite Pharmaceuticals Inc (ELTP)

[IB_]

The point being, Elite has screwed up over & over and that is why the share price is where it is,

IB_

[WeeZuhl]

WeeZuhl, i always appreciate your insights. What i was referring to about the FDA was that they told Nas that the amount of time until the drug kicks in (i forget the official name for this) on the original version of SequestOx was a labelling matter—ie that it could be taken care of adequately by simply stating on the label of the bottle to take the pill either one hour before eating or two hours after eating a fatty meal—SAME AS MANY OTHER DRUGS—but then when we were ready to roll, they changed their requirement, would not allow simple labeling and crashed our opportunity to launch the product, sending us back to the drawing board for another few years and millions of dollars.

That is nonsense. First of all, I don't believe that bullcrap story and never have. Exquisite notes are taken during those FDA meetings ON BOTH SIDES, and those notes are exchanged so there is no confusion. If that were true, Nasrat would be able to easily release the notes of the meeting and prove his case, which he never has. I am not aware of these MANY OTHER DRUGS in which a lack of bioequivalence is handled with a labeling change. Can someone name a few? Name one? He failed to recognize an NDA app would not be treated with the same kid gloves as an ANDA app. The reason he didn't was because his head was up Camargo's butt while their hands were in both our pockets. I bet it was CAMARGO who spun him the tale about a labeling change, and NOT the FDA.


The brilliance of the SequestOx idea is that it would be a quick and easy way to get the 2 bead system on the market. It never was going to be a blockbuster, but it would have been a great flagship. When it ceased being quick and easy, it ceased being smart, but years later and after millions more, we were still blowing through shares pursuing it. Doubling and then tripling down on a bad bet. And we have literally NOTHING to show for it, except maybe Nasrat got a patent out of it, again at our expense. Meanwhile, through his own incompetence and stink of failure, Nasrat lets the share count go too high and share price fall too low, so that he gets his dilution machine taken away. When he finally does make a positive pivot to the CNS stimulants, he has to fund the R&D with sketchy Chinese government money. The only two worthy assets Nasrat has ever brought to Elite are Adderall and Adderall XR, and who owns them now? Mother-lovin' MIKAH. No kidding. Elite doesn't have a pot to piss in, other than 450M newly-authorized shares and a shiny, new dilution machine, but freakin' MIKAH owns the Adderalls. Didn't we already merge with that company in 2013?


Don't worry, all, Nasrat says he really hopes Elite is able to acquire the Adderall ANDAS some day. More on that to come....