Elite Pharmaceuticals Inc (QB) (ELTP) Quote

Not a basher weez. I own the stock and have made 7 figures so I’m happy. Just think Nasrat can do more. That’s what CEO’s are supposed to do, more.

34 percent. Invested alongside Gold and Silver miners

50%. This percent will increase as I add.

16%

99.7%

100%

Does anybody here own any other stocks or are we all just invested in ELTP? Be interesting to know how much of a portfolio ELTP takes up

Has Mikah conducted any other pharma business besides what's known re Adderall?

Perhaps picking the bones of Lannett?

Who would know

On June 10, 2021, almost 4 years ago, a cost and profit sharing, master development, license agreement was made between Elite and Mikah. At the time the stock price was under 5 cents a share. NH put up his own money to purchase the SunGen rights to Adderall and the company has thrived since with record revenues and new ANDAs. Had he not stepped up to the plate, who knows where we would be now. He was all in years ago and deserves both the credit and the rewards for making this company a force in the generic drug field.

Crook..without a doubt

Ahahaha!!

Kool aide drinkers don't see red flags. They see otc fantasy dreams. Watch and learn. Bridges are coming.


You are by far the least creative and most boring basher in the history of the ihub ELTP board. Even Jammy changes his tune occasionally.

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Kool aide drinkers don't see red flags. They see otc fantasy dreams. Watch and learn. Bridges are coming.

NO ONE CARES about what happened 10 years ago!

You should. What about his 79 million warrants? What did he do to deserve those? How did awarding himself 79 million warrants benefit ELTP shareholders? To this day those warrants are dragging down our bottom line. Nothing but pure unadulterated CEO greed from years ago that will continue to kill our net income right up until it knocks down the buyout price. Fine for Hakim with 300M+ shares and a secret Mikah side deal, but as usual with this ticker, retail investors will get the shaft. It's sad to see some ELTP shareholders who ignore facts and are therefore unable to see that Hakim's interests are not aligned with the interests of other shareholders. Hakim can negotiate a stellar deal for himself, while leaving us out in the cold, and history proves he will do it, if we let him.

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Fascinating discussion between Jammy Version 32 and Henry Version B3 Amazed by bots
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Jammy32:
I’m very concerned about the PPS and the why. Nasrat has gone silent after placing a cap on the priice by saying it’s only worth 50 cents. Where is all the great news. Where is the support of the PPS. Why is MIKAH even an issue. Nasrat is waiting to long and I hope we don’t drop to single digits again. Just my opinion

HenryB3:
Kool aide is starting to taste funny? I think its turning bitter. But OTC fantasy world has buyout at $3 or more. I think not. No buyouts happen on messageboards. Only false hopes and rumors, while others sell. Classic OTC 101. I have Red bridges for sale, instead of red flags. Who wants one?

Oh Henry, I never cared for your candy bar.

Yes, the key is to look forward rather than backwards. No matter what you think of Nasrat’s trustworthiness, he is the largest shareholder of ELTP. He will do whatever he can to sell the company at the highest price obtainable.

NO ONE CARES about what happened 10 years ago!

The only people here who still think or care about what happened a decade or more ago are the people who sold their shares before their investment increased by a factor of 5 to 10.

So you are wrong, I wasn't making any such attempt. I really thought you were being a snob about not wanting another companies rejects, which would have made you dumb if it had been true. But your inability to see the current potential and value in Elite and Nasrat, despite it now being a stable profitable company, and to have missed out on an amazing opportunity to profit greatly is sadder and dumber.

Sub-12-cent bridges! 🤣 The Pipe-dream Plumber's Daily Prognostication! What a steal! Are you offering a 'buy one, get a dozen free' deal if the price hits .12 cents? Or perhaps a 'frequent bridge buyer' loyalty program? I'm picturing "Henry's Pipe-Dream Punch Cards": 'Buy 10 bridges, get a free pitcher of diluted International Kool-Aide.' - Bitter Flavor! The possibilities are endless!

Fortunately for those smart enough to buy $ELTP we won't need your fantasy bridges. In fact, my average cost is well below .16... which is where you could have bought in August of 2024! Ouch!

Tick-tock. Not much more time to try scare as many people as you can... 🫣⌛️

Speaking of bitter, it's a shame you didn't buy $ELTP at .16 when you had the chance. 😩 Man, you could have tripled your money - and that's just the beginning! At this rate you'll miss the .40s and .50s entry point too.

Tick-tock. Only a few more weeks left to sell international Kool-"Aide" and fantasy bridges.

I think its turning bitter.

Thanks for the info.

The Elite/Nostrum deals were definitely beneficial to Elite stockholders. Nasrat did well for us there. As for Trimipramine, you may have a point.

ANDA’s can definitely be bought and sold. I believe the FDA has to approve a site transfer before production begins.

The purchase/re-purchase of the opioid shares clearly shows that divestiture ANDAs can result in substantial increase in revenue for Elite and bring in that revenue in a very short time.


Nice attempt at changing the context. Clearly my post was referring to original Mikah generics and subsequent trimipramine transfer. Most of these were purchased by Mikah at "divestiture" sales when two companies merge with overlapping products. He bought them for thousands of dollars and sold them to Elite shareholders for millions of dollars in non-arm's length deals that shareholders were unable to refuse. If he wanted for Elite to own trimipramine, then why not have Elite buy the ANDA instead of Mikah? After all, we were told in at least 4 annual reports that Mikah had ceased operations. The answer is obvious, Hakim wanted to be in the middle of the transaction to turn huge personal profit at the expense of ELTP shareholders. He could have been transparent about the costs. He could have requested shareholder approval. Instead he keeps all the details top secret and forces the unfair deals on shareholders. Hakim is a miserable failure when it comes to fulfilling his fiduciary duty to Elite shareholders.

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So how come Nasrat sod 5 andas in the past and bought 3 back?

And how come Nasrat 10 andas to elite when he joined the company through mikah?

Not sure you can buy a ANDA when you didn't get FDA approval. to manufacture it. The ANDAs they reacquired were ones Elite divested.

Were any of Elite's lawyers involved in the Purdue/Accord trials. ??

The purchase/re-purchase of the opioid shares clearly shows that divestiture ANDAs can result in substantial increase in revenue for Elite and bring in that revenue in a very short time. In fact, that is an excellent example of how a company not having a need (or not wanting to use) an ANDA can result in a bargain purchase for another company.

Remember Nasrat took the initiative to ask about buying back the opioids. Probably helped get the low price because the company didn't have to do much to get some cash and get rid of ANDAs they weren't using.

Nasrat has been an amazing CEO for investors that have held their shares.

Hammer Time !!!!!!!!!!!!!!!

What do they (CREDITOR) know about running a pharmaceutical ?

Weezuhl is back

The Mallinkrodt and Endo merger that recently was announced may create an opportunity to purchase ANDA’s. There is overlap in their portfolios.


I hear Mikah is flush with cash and ready to buy some divestiture ANDA's. ELTP shareholders lubing up for more buggering by their self-dealing CEO.

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Hi namtae, thanks for the clarification. After the reorganization IMO there is no reason to believe that Lannett is in such dire financial condition that it will sell ANDAs cheaply.

Bankruptcy reorg doesnt necessarily erase debt. If successfully negotiated, it may be reorganize in multiple ways, such as exchange for equity, extension of maturity and lots of other options

Chapter 7 is what erases debt, not Chapter 11

The Mallinkrodt and Endo merger that recently was announced may create an opportunity to purchase ANDA’s. There is overlap in their portfolios.

Yes. Bankruptcy reorganization erases debt. The former creditors now own the company. The former owners (stockholders) lost everything.

Kool aide is starting to taste funny? I think its turning bitter. But OTC fantasy world has buyout at $3 or more. I think not. No buyouts happen on messageboards. Only false hopes and rumors, while others sell. Classic OTC 101. I have Red bridges for sale, instead of red flags. Who wants one?

Are you saying the $600 million they owed just vanished?

If you have a drug with potential and you need money but that drug does not bring money now because you cannot get API, wouldn't you sell it?

I may be wrong - but just trying to look at opportunities. Nasrat did mention a few times ANDA's acquisitions - was he only thinking of the 3 ANDA's he bought back?

Hi HGilS, I’m inclined to agree with imanjen13. I don’t believe Lannett is in financial distress at the moment. Anything purchased from them IMHO will be expensive.

imanjen - no feelings should be put in business decisions

If we could take Lannett Vyvanse quota, that would put us in a different league

F Lannett. They abrogated their distribution deal to sell our Adderall early when they got approved for their own generic. What appeared to be a disaster for Elite turned out to be a blessing in disguise as NH decided to try to sell its own drugs and hired Kirkov.
I say let sleeping dogs lie.

There are other options also for Lannett - they can use Elite for contract manufacturing and reduce their internal costs by selling manufacturing facilities.

Do not underestimate the strength of ANDA's purchase to feed our growth - no BE study etc...

Lannett has Adderall I see

Vyvance getting sketchy
https://www.accessdata.fda.gov/scripts/drugshortages/dsp_ActiveIngredientDetails.cfm?AI=Lisdexamfetamine%20Dimesylate%20Capsule&st=c

They restructured their 600 Million debt - but they still OWE money.

Best way to deal with that is to sell some ANDA's and go small and rebuild the company like Nasrat did.

They are privately held now, by I believe the creditors. Much stronger financial position as they converted a significant portion of their debt to equity freeing up cash flow to invest in growth. They are doing just fine with or without Lisdex. 

Lannett emerged from a bankruptcy reorganization June 2023. They are not selling off assets for pennies on the dollar any longer. They are a competitor to Elite for both Adderall and Vyvanse. I’d like Elite to expand their portfolio. The best way is having ANDA’s approved.

Yes - I saw that, they do not trade anymore LCI is dead ticker. However they still function and I believe they need $...

They do sell Vyvanse - but if they do not have API, then this may be a good reason to sell.

They must be DEEP in debt ? Seems like that portfolio would be adequate.

Pick your Bankrupt Lannett products:OR QUOTAS open for the grab

Capsules, Tablets
Amphetamine Sulfate Tablets
Azithromycin Tablets
Baclofen Tablets
Butalbital w/ Acetaminophen & Caffeine Capsules
Butalbital w/ Acetaminophen & Caffeine Tablets
Butalbital w/ Aspirin & Caffeine CIII Capsules
Chlorpromazine Tablets
Clarithromycin Tablets
Codeine Sulfate (CII) Tablets
Danazol Capsules
Dextroamphetamine/Amphetamine ER Capsules
Dextroamphetamine/Amphetamine IR Tablets
Dicyclomine HCl Capsules
Dicyclomine HCl Tablets
Diethylpropion HCl CIV Tablets
Doxycycline Monohydrate Tablets
Entacapone Tablets
Esomeprazole Magnesium Capsules
Febuxostat Tablets
Fluphenazine HCl Tablets
Fluvastatin Tablets
Levorphanol Tartrate Tablets
Levothyroxine Capsules
Levothyroxine Tablets
Lisdexamfetamine Dimesylate Capsules
Loxapine Capsules
Mesalamine Tablets
Metaxalone Tablets
Methylphenidate HCl Capsules (CD)
Methylphenidate HCl Tablets (BX Rated)
Mexiletine Capsules
Montelukast Sodium Chewable Tablets
Niacin Tablets
Nifedipine Tablets
Olmesartan Tablets
Oseltamivir Phosphate Capsules
Oxybutynin Tablets
Pantoprazole Sodium Tablets
Paroxetine Tablets
Pilocarpine Tablets
Posaconazole Tablets
Primidone Tablets
Probenecid Tablets
Propranolol Capsules
Rabeprazole Sodium Tablets
Terbutaline Tablets
Triamterene HCTZ Capsules
Ursodiol Capsules
Vardenafil HCI Tablets
Verapamil HCl Capsules
Verelan PM Capsules