Replies to post #354314 on Elite Pharmaceuticals Inc (ELTP)

[namtae]

Nonsense!!

While it is true that expert witnesses in a court of law can render a legal opinion

In a court of law an expert witness is a person with specialized skill sets whose opinion may help a jury make sense of the factual evidence of a case.

An expert witness DOES NOT render a legal opinion in a court of law

Absolutely ridiculous!!

[dr_lowenstein]

In legal circles we call that a load of BS. First, the use the Daubert expert across cases is fundamntally incorrect an expert in one case or situation is not automatically and expert in another. In addition new facts can be can be brought to light, such as " has this so called business expert even been clearly wrong in previous matters " (think guarantees of NDA approvability as an example).
Other matter that might be called in to challenge under Daubert:for example, justifying Nasrat's shares holding base on his loans to the company which were clearly disproportionate to his current holdings etc.

Finally this is not a court of law (although it may well end up there). It is a court of public opinion, in in that regard one person's opinions (cloaked in Daubert horseshit or not) or no more valuable that another's opinions.

Case closed-
the Honorable Dr Lowenstein presiding LOL

[elichen2]

I would like it to be true what you assume about Nasrat’s vast number of shares and his not having sold any. BUT one can also look at from the standpoint that he can thetefore afford to sell the company at a very low price and still come out very wealthy while shareholders stay underwater or at best break even or make a very small profit. The opportunity cost over all these years could be very large.

Having said this, i certainly hope that he will sell fairly soon for a very high price and his ego could be a big help to that end.

[WeeZuhl]

Finally, the focus on the total shares held by Nasrat seems to be missing the reality that his loans and his use of shares helped Elite limp along until they began generating revenues.

Oh thank you so much, Nasrat. The way your business partners at Epic sat on all those generics for all those years was so unfair to you. The way the FDA refused to ignore their long-standing rules on bioequivalence and approve SequestOx was so unfair to you. After you spent millions and millions of dollars from 2014-2018 developing opioids, the opioid lawsuits that started in 2004 were very unfair to you. We are so thankful that you diluted our shares in 2017 to develop the methadone ANDA instead of contract manufacturing it, as we had been doing for years. Even though methadone is used to treat opioid addiction, it is also used to treat chronic pain, and so we are glad you sold it off, because your leadership has proven to us that patients with pain are second-class and do not deserve to be treated with safe, effective prescription medications.


It was very unfair the way the auditor reinstated the "going concern," just because there was no revenue and no access to capital. I shudder to think of your selflessness, Nasrat, after all this unfairness had befallen you, and the way you helped Elite "limp along" with a few high-interest loans. We are thankful for the shares you loaned the company so it could continue to run on dilution, instead of commercializing the evil opioids and being titillated by their dirty recurring revenues. And most of all, we are thankful for the blockbuster, trimipramine. Who needs opioids, when we have trimipramine? It is like manna from heaven, and Nasrat is our savior.

What Nostrum got from Elite for $1.2 million:

1. Norco
2. Percocet
3. Dilaudid
4. Methadone


What Elite got from Mikah for $1.2 million:

1. Trimipramine

[JustGoDeep]

Thank You, Excellent Post!!