Replies to post #339585 on Elite Pharmaceuticals Inc (ELTP)

[elichen]

How exactly will a merger deliver actual hard cash to Elite investors. Some of us waiting many years to see our investment turn into actual money that we can use????

what if he doesnt care about making everyone happy? what makes you think he does?

what is this bs we are hearing from 2016 about Mikah “winding
down”?!?!

There shouldn’t even be a separate Mikah that divides Nasrat’s interests! it is a conflict of interest!

Above all, what can we do about all this???

[WeeZuhl]

What's Nasrat's incentive for getting MIKAHs half of Adderall sales to Elite.
Having half of Adderall sales (MIKAH) is a comfortable income without ever getting rid of Elite.

We were going to get into this next week, but as usual, NASDAQ pushes the envelope. Let's discuss.


Nasrat says he hopes Elite gets full ownership of the Adderall ANDA's, and I believe him. In terms of a buyout, Nasrat would want 100% of Adderall $$ recorded as Elite revenue, which then would enjoy the magical multiplication benefits of the PE ratio. But here's the wrinkle- he can do it at the last minute and still get the full benefit. I guarantee when Nasrat does get around to letting Elite have that revenue, it will be a split second before the start of a fiscal year. Until then, it is to Nasrat's benefit to let his baby MIKAH continue to suckle at the Adderall teet. MIKAH grows fat and strong, helping out Elite whenever possible with a discarded ANDA at "friend" prices, on credit. Meanwhile, Elite continues to languish without enough revenue to support even a dime of share price, for years on end. Shareholder dilution continues to support limited R&D budgets. Concerta delayed for 1 year, 2 years, 3... Elite stays weak and gimpy until Nasrat says otherwise.

Why should Nasrat get to personally benefit from Adderall while Elite shareholders sit in a ditch hoping for scraps? I can understand why Nasrat hates me, but why does Nasrat hate NASDAQ?

If you don't care about the share price, then stop reading. If you do care about SP, then we need all the income we can get. It's too late to save the opioid ANDA's from Nasrat's deranged pruning spree, but it's not too late to save the Adderalls. The sooner the better. I'm going to try to do something about it. In the end, I may be powerless to affect real change, but that doesn't mean I shouldn't try. I'll at least know I stood up for myself. It's time to expect better from Elite management.

Thanks for reading. More to come...