Replies to post #437232 on Elite Pharmaceuticals Inc (ELTP)

[JamesF1]

Hi jour_trader, is there a cost associated with putting out a press release? Just wondering if Nasrat only issues a press release for undisputable material events to conserve cash.

[mrwrn2010]

Spot on. And 1,000,000% the last sentence.

And to be clear, I don't want fluffy worthless press releases either. Don't put one out to try and puff up the PPS with no substance (which, thankfully, Elite does not do), but also don't intentionally not announce newsworthy developments (India R&D). Dexcel launch too. Maybe that one is questionable because it's another company's label, but we still PR'd the ANDA Israeli approval and the original distribution agreement...

There are certainly extremes on both ends, but Elite is too far on the minimalist end, in my opinion.

[Just give me $1.50]

Elite owns 100% of the Adderalls as of several weeks ago.

I've already posted about this multiple times. Revisit Nasrat's comments on the last CC regarding this.

One of my questions for the upcoming CC is:

1. Now that Elite has full ownership of the Adderalls, how much additional revenue are we expecting each quarter?

The lack of information is disconcerting as is the Mikah ownership non-arms length situation.

[Just give me $1.50]

Nasrat is old, slow, and dumb.

It is INDEED time for Kirko to replace Nasrat as CEO.

He has been pretty consistent with an absolute minimalist approach to PRs. It's really frustrating.