Replies to post #406214 on Elite Pharmaceuticals Inc (ELTP)

[Dr JoeBarducci]

This is all the perfect storm. We have 6+ drugs entering $7bil+ markets in the near term. Our revenues going through the roof with no end in growth seen for several years with the current pipeline that we actually know about.

On top of that all, there appears to be a shortage of shares. Nobody is selling and the shorts are about to get burned bad. Obviously I don’t have a crystal ball, but there could be a massive, massive short-squeeze in the near future.

I find it interesting that a new “long” appeared recently on this board constantly posting about how he’s flipping 10k shares here and there…almost like he’s trying to get people to start selling shares to loosen things up. Just find it odd since that kind of talk on this board has been non-existent for as far back as I can remember on here.

[WeeZuhl]

He literally parked a billion dollars in drugs on the side waiting till the time was right.

This is a very serious charge you're leveling against the CEO. Do you have any evidence to support your accusation that the CEO intentionally manipulated the share price downward while he was receiving tens of millions of shares in salary? It does make one wonder. The share price remained terribly suppressed for so long it certainly seemed like it was being intentionally manipulated by someone, and as you say here, the CEO's fingerprints are all over it. He also parked the $10 million worth of Mikah generics with his business partners at Epic, so they were essentially buried deep and produced very little revenue. It seems you may have a point here about Hakim being the culprit behind the prolonged three penny share price. It also seems he's gotten plenty rich off Elite shareholders, despite his fiduciary duty to us. Never forget the past is prologue, and his intentions for Mikah should be obvious to all clear-minded longs. It's time to kick Mikah to the curb and get rid of the parasite forever. Flick the tick. Repeal the Mikah Tax.

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[rack186]

"Waiting till the time was right"
For who??,
Definitely not the share holders. Must have been one of his "chess moves" for self enrichment.
Very clear now, thanks.

[namtae]

Weezul is correct. This deserves an explanation

He literally parked a billion dollars in drugs on the side waiting till the time was right.

Shareholders shouldnt automatically defend the CEO or Elite. Every criticism should be judged on its own merits.

That said, when the subject of Mikah comes up, the CEO has said or suggested its a private company and none of your business

Yet, Mikahs alleged winding down was laced throughout multiple SEC filings.

How come that was shareholders business?