Elite Pharmaceuticals Inc (QB) (ELTP) News

Opioids are back in!!!


This includes ADFs

My opinion only but I think MIKAH is depressing the stock price. Again, just my opinion

I think many people added to their share account of eltp when generic V got approved a week early. I think Nasrat and Carter were acting way too smudged and probably knew of the approval ahead of time but couldn't release the information prior to the weekend. But it doesn't matter now, the price of eltp got squashed by Zacks with the warrant situation and generic V didn't make a splash as we thought it would but overall, I'm glad for the approval. At least we can move on with other news, but feel extremely positive with what happen this past week
c

I don't know what "WE" pay Dianne, but I bet it's too much !!!!!!!!!!!!!!

Hey Thanks A Lot King,

IB_🤴

How much would changing to calendar year make us ?

Zero .
Waste of time , maybe just in time for buy out too ?

Capsules is spelled wrong.

I will contact Dianne.

***** NEW *****

Elite JUST added Vyvanse to their OFFICIAL website TODAY:

Lisdexamfetamine Dimesylate Capsults
10 mg, 20 mg, 30 mg, 40 mg, 50 mg, 60 mg and 70 mg
Approved, not commercialized. Vyvanse® CNS Stimulant

https://elitepharma.com/products/

***** NEW *****

Elite JUST added Vyvanse to their OFFICIAL website TODAY:

Lisdexamfetamine Dimesylate Capsults
10 mg, 20 mg, 30 mg, 40 mg, 50 mg, 60 mg and 70 mg
Approved, not commercialized. Vyvanse® CNS Stimulant

https://elitepharma.com/products/

A couple of misses, but pretty good overall. 

I don't think that's an issue at all. Anytime you do a fiscal. Real alignment it takes a lot of work so that prior year periods align. It is a lot of work and it takes many resources. Based on the recent 10 Q one thing that we know is that elite is short of finance and/or accounting resources due to a lack of separation of duties. They simply don't have the bandwidth to take on an initiative like this right now.

I think one reason for not changing the fiscal at this time is because it would create a bit of an illusion or shell game
, If changed now, the next fiscal would have to wait 90 days, and the first 3 months of next year would be reported later and would only be in the next fiscal ending in dec, 2025, so that included Vyvanse sales, Huge Vyvanse
sales, sure we will see them as a quarter sales bit not year end totals , would make it look like yearly of Elite
not aa big for the first filing next year,


I need help, lol

WTF happened in six minutes.......somebodys sell finger got a workout...
all small 1-5k lots but mm's held the price well

Man, price is all over the place today. Can't pick a direction. 

The Adderall is a good question. There was a deal put in place if I recall. With the huge increase in revenue after Vyvanse, I will look for a sale of Adderall back to Elite as a sign of a buyout coming Just my opinion

Warrants expire April 28, 2030

I don’t think it adds much if anything. Elites value is Elites value.

I dont know how much NASDAQ would bring to the bottom line at Buyout.
Probably adds value to buyout, but how much ?? Is it worth it ?

How much more would Elite be worth with ownership of the rest of Adderalls ?

Yes sir! The only way we go to Nasdaq is if we do not receive a fair buyout price which I believe is the intention and will happen

I agree with you NASDAQ2020. My point is that Elite has more important things to spend their cash on.

i dont think Carter wants to Uplist when Nasrat brought it up a few CCs ago.
Probably a lot of work on his end. Plus I dont think he wants to be bothered changing from fiscal yr to calendar yr either.

We just have to be patient while penny pinchers panic.

How much does it cost to uplist to NASDAQ? Is the money better spent on API for about to be launched products?

Somebody wants in for Monday.

ELTP

Friday power hour pump into next week surge like aug? 😝

Your welcome, found it, just clicken around.

Thanks for sharing

Thanks for sharing

When do the warrants expire? 

I bought more on opening this morning too, and I am confident at before too long we will all be well rewarded.

Here's a huge write up with the transcript

https://www.investing.com/news/transcripts/earnings-call-elite-pharmaceuticals-posts-robust-q2-growth-eyes-future-93CH-3727232

I got overly excited and added 108,000 shares to my position at $0.675 on Monday. Most I've ever paid for this stock. Oh well! I'm confident those shares will be in the green before year end.

They got an extra week to get it launched/ , due to early approval.

So does Schwab. well they report P/E as "--" since earnings was negative. The earnings were -0.01 last quarter.

[Nasrat knows he needs to have 2 launches until year end

Nasrat: Elite has 3 additional product launches in the next few months. Hydrocodone with APAP, which is the generic for Norco, which is expected to launch in the next few weeks, I would say around the 1st week of December.
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.
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he most important launch is the one that is not approved yet. The central nervous system and the pending approval by FDA, we expect to hear from FDA on November 23rd. Yes. I know it's a Saturday, But that's what FDA said. We will give you an answer on November 23rd.

When approved, this ANDA becomes our number one priority to launch. We will issue a press release upon approval. I'll say a couple of thoughts about this because that's a very important product. The API supply, supplier had issues with the DMF. We are not allowed to see the DMF.

We only give, FDA authorization to, look at the EMF and approve it after the vendor lets us do that. So FDA does, once the FDA looked at it and noticed some problems, they updated us and so did our supplier. They said that they have some issues with us. Our application, to the best of my knowledge, and as per FDA, did not have any issues with it. So now, all observations by the API supplier have been addressed.

We have evaluated them and they look adequate, and we believe the FDA will find them adequate as well. If the FDA does, then approval come in next week. If it doesn't, there is nothing that I've seen that looks like it's major. It will be a minor amendment that we will work with FDA to to see how fast we can get into, the market. As of now, Doug and Kirkland are lining up for launch in end of December or early January.

TRY 50k AT A TIME, WITH NO LIMIT ORDER ??

Vanguard, Fidelity, Robinhood, Webull, Merrill Edge, etc...

Almost NOBODY can buy ELTP shares.

What the HELL is Nasrat doing????!!!!!!!!!!

Get on the Nasdaq....................................NOW!!!!!

What year ???????????

Better just post a date .......

LoL LoL,

IB_🤴

Fidelity is complete garbage and always has been.

Charles Schwab is the best.

Would be nice!

I say dollarland by year end

I tried to put in a buy order for 400k shares from my fidelity Roth ira and I got an error that the share quantity is limited due to the average volume of this security.  
Pathetic. I could only imagine how many hundreds of others want to buy but cant. Nasrat, do what it takes to get us on Nasdaq! 
This stock should be in dollars already.

Fidelity has the P/E at 0.00
Idiots!!

Anyone feel like this will be in 80s next month?

Thanks sharpei, although 10 years in the making means there was a whole lot of time to do well betting against me :)

Still Great entry Point, cant be held back forever.

With their own API Supplier !!!

Its About To Get Real !!!!!!!!!!!!!!!!!!!!!!1

I can relate its been a long time over a decade. A roller coaster ride of high hopes but nothing then let downs and wait for the next.... Its always something. THE NEAR FUTURE LOOKS GREAT and should have outstanding results anything less makes one wonder what is actually going on.

LIVE footage of Elite cranking out Vyvanse:

Total total BS with the marketmakers trying to steal any shares they can through frustration, but we will hang in there and deal with it vent our opposition to the BS price ……minimum right now should be .75 and probably busting a dollar looking at future revenues and I mean within the next 3 to 5 months revenues so totally crazy crazy crazy but we will have the last laugh ……Long and strong 😎

Margins will deteriorate as API becomes available and landscape becomes competitive. Elite couldn't have planned the timing for their launch any better. I will happily ride that margin wave and capture the market share and higher dollars as others stroll in.