Elite Pharmaceuticals Inc (QB) (ELTP) Share Price

If you are older than 59.5 years old and you did an IRA to ROTH conversion this year, you will have to pay taxes on the conversion by January 15th 2025. If you want to push that date to April 15th 2025, you need to make sure you have paid 110% of your taxes amount for 2023 - both Federal and State tax. That makes you "grandfathered" and you can pay the big amount by April 15 2025. It is also better to pay that big tax on Elite gains using non roth IRA funds as they will grow more in 2025 and 2026.

Hi Kayak, If they do not pull out their money, it is unrealized gains and they do not have to worry in case of a buyout.

Good morning Sharkey, doing a little catch-up research today , could u briefly tell me what happened to lannet? Were they selling Adderall? Thanks

I have owned too many companies w weak and poor leaders. They were much more overpriced as they did nothing to enhance shareholder value. Musk and Naz may be overpayed, but in today’s world, they have enhanced my wealth as I believe in both of their leadership/vision skills. I’m elated I own both companies, mostly due to those 2 people.

Dianne updated the product page. Good to see.

Just my opinion again

How does Nasrat not lend elite the money to buy out sungen. It wasn’t because he was worried about losing money on the loan. If that was the case , he would have never paid sungen. It was , again, my opinion, just greed. Elite could have so much more revenue and profit now instead of so much of going to MIKAH ( HAKIM). Just so so so wrong in my opinion. What really pisses me off is his arrogance when asked about it. Screw you people for questioning me and my desire to make even more money.

Also, when will there be an accounting of all the shares he has and what were they for. How much did elite sell on the stuff that he sold elite ?

Last; question - do CEO’s of small companies make a million per year with a car and housing allowance. How did the board come up with this salary. Who did they benchmark against

All just my opinion.

Just for reference

https://www.findacode.com/ndc/labelers/Elite_Laboratories%2C_Inc.--64850

I hope prk8r3 answers. I’d like to know if AmeriSource Bergen Stocks Elite Vyvanse yet. Cardinal does not show it yet.

I’m beginning to wonder ?
Thx

Free PMs till the 1st.

Able to see Vyvanse availability yet? Figured that might take a few weeks.

Hi HGIS. I believe the poster was asking what would happen if they contributed to a Roth but later had income that meant they shouldn't have contributed to a Roth. There are income limits that if one is above prevents contribution to a Roth. One of those things that contribute to the income is capital gains. So sure if you contribute to a Roth when you were legally allowed to you don't pay tax on those gains. But again some posters are worried that a buyout that results in a cash payout in 2025 will push up the income unexpectedly very high.

Hi kayak. If you do not pull out your gains from your Roth IRA you would not have to pay taxes. (After 59.5 years old). 5 year rule.

Everything is a big word. It does means someone doesn't get the extra 10% penalty. But they would still have to pay short-term capital gain rates on the profits made in the investment, pull the money invested in 2025 and the money made in 2025 out of the Roth IRA before Apr 15 2026, and submit the necessary tax forms showing how the situation was corrected. But again, I think a buyout being finalized in 2026 is a long shot. But the stock price could jump up so high someone wants to sell. Bottom line is an additional $5k to $7k investment in a Roth worth the hassle?

Are you older than 59.5? It changes everything.

Another possible option is do a traditional IRA for 2025 and don’t touch it till your retired and not earning any thing. Then you maybe able to take out $14,600 single $29,,200 married a year without any tax ?


Standard Deductions

For the tax year 2025, single taxpayers and married individuals filing separately will see their standard deduction - the amount of income that is not taxable - increase to $14,600 for 2024, up by $750 from 2023.

Married couples filing jointly will benefit from a standard deduction of $29,200, a $1,500 increase from 2024. Heads of households will have a standard deduction set at $22,500 for 2025, reflecting a $600 rise compared to the amount for tax year 2024.

I sure will thank you

If you earn to much to make a ROTH contribution you can still make a Traditional IRA contribution and immediately roll it over into your ROTH account. You just don't get the tax defferred benefit of the money for 2025. However, you still made a ROTH contribution that will now grow tax free. 

Thank you NASDAQ2020 l sent a private message but not sure it went through will try again on free Friday’s HAPPY NEW YEAR TO ALL🇺🇸

Kayak’s post also applies.

To best of my knowledge (which may not be right). If there is a buyout in 2025 I may not be eligible to do a Roth IRA 2025 because 1/3 of my ELTP is in a trading account. Let’s say I make a million dollars in that account that maybe too much to qualify to do a 2025/ Roth. I was going to do my 2025 Roth in Jan 2025. I decided to hold off , if no sale in 2025 I can do my Roth 2025 between Jan 2026 and April 2026.
What I need to know Kenny is if All your ELTP in a Roth now. If all is in Roth now you can probably do your 2025 Roth in Jan 2025 or anytime during the year. Let me know what % of your shares are in a Roth now and how much not in Roth.
You still can pm during Holiday if you don’t want to share with board.

Roth IRA income limits for 2025
The Roth IRA income limit to make a full contribution in 2025 is less than $150,000 for single filers, and less than $236,000 for those filing jointly. If you’re a single filer, you’re eligible to contribute a portion of the full amount if your MAGI is $150,000 or more, but less than $165,000. For those married filing jointly, the income range to contribute a portion of the full amount is $236,000 or more, but less than $246,000. If you’re a single filer and your MAGI is $165,000 or more, or if you’re a joint filer and your MAGI is $246,000 or more, you’re ineligible to contribute to a Roth IRA. Still, you can make contributions to a traditional IRA.

If you make lot of money out of Roth account during 2025 that may take you over the maximum you can make to qualify to do a Roth of $236,000 if filing jointly.

Thank you k w, you can tell lm a CPA hire candidate, but a firm believer in ELTP$$$$$ since 2011 and some Roth contributer, l still have some flexibility but love your very informative explanation thank you!!!

Thank you HG ELTP$$$$$$

If your asking what happens to the money you contributed to the Roth in 2025, you will not pay taxes on gains in a roth.
If your asking what happens if you contribute to a Roth in 2025 because your income levels allow it when you contribute but at the end of 2025 they no longer are such you are allowed to contribute to a Roth (because you own Elite in non-roth IRA accounts that were forced to be liquidated in 2025 because of a buyout). So if you have a million shares of Elite not in a Roth right now and Elite gets bought out in 2025 then your income will be too high in 2025 to fund a Roth IRA. But what happens if you did fund an Roth IRA before you knew your income would be too high.

I want to first say that odds are Elite won't be bought out in 2025. News may hit that they are working on a buyout or one is being done, but it takes several months from the time a buyout is initiated to the date the stocks is liquidated. The date the buyout is announced is not relevant for your Roth contribution its the date your shares are converted to cash that matter.

If you fund a roth IRA but by the end of the year your income from capital gains means you shouldn't have funded your Roth IRA you will have to pull the Roth contribution back out of the Roth IRA before Apr 2026. If you do that you won't be fined on that contribution. But then there is the issue of money you made on the money in the Roth. As an example lets stay Elite gets sold and you invested $5k in a Roth that $5k increased to $15k ($10k profit). You will not be fined for the $10k if you pay the taxes you owe on it before April 2026. You will owe regular tax on it (probably 30%) because it will be treated as if it is not in a Roth IRA.

But there is an extra cost of $1,500 on that $15k if you are younger than 59 and half years of age. The $1,500 10% is for removing the $15k from the Roth IRA before you are old enough to do that. Sure your removing it because you have to, but that 10% still applies (I had to pull money out of a Roth once when I got extra income I didn't expect in the form of a bonus. My investment in the Roth actually lost money but I had to pay the extra 10% on the money I pulled out that was equal to the money I contributed). But despite the $1,500 fine you will still have overall made money of about $5,500 on your $5,000 roth investment if the stock triples from where it is now.

If your 59.5 or older you will not pay any 10% fine for pulling money out of a Roth, you will just have to pay taxes at the normal short-term tax rate. If that is 30% then you will make $7k off your $5k investment.

In addition you may have the added cost of paying someone to do your taxes in 2026 to make sure all the right forms are submitted. If you are tax savy and do your own returns already you can probably do this on your own. But given you asked this question, probably not. You will want to get your tax filing fixed in 2026 filing though, otherwise you get additional files each year they aren't fixed until you are caught (maybe never, maybe not). That fine looks to be 6%.

Again, I don't think we have a very high chance of a buyout being wrapped up in 2025. So if your willing to hire a CPA to make sure you properly pay taxes IF Elite is bought out in 2025 go for it.

Loading the boat tomorrow

No penalty if it is regular contribution and you take the money out after 65years old

Hi NASDAQ2020 what happens if l do contribute to Roth in 2025 and ELTP gets bought out , what penalties does it fall in TIA, hope your holidays have been a blast! ELTP $$$$$$$$$$

I’m adding Monday too.
GL

Yawn......

10% during a decade of cheap money. If I was getting a company car, housing along with all other expense covered at company expense I could live off Wifey's pay. I never been invited to a Company Christmas party. Corporations are becoming worst then GOV. They been taken back from the people since the 1990's living the fat life off the share holders. Its time Its time for nasrat to start sharing the wealth. Living off ELTP until I sell plan is old it benefits no one but the people running ELTP. Nasrat need to do something, Action not Talk, that benefits the share holders

It’s about pride and a vision something you obviously lack. How many nights did you stay awake trying to make Elite successful ? Have your vision squashed and having to reorganize the companies future. Having to swallow your pride in deals with lenders, suppliers and other pharma companies that were not in elites favor due to leverage. Then finally turning the corner and being in the drivers seat and seeing that vision finally come to fruition. If I was Nas I would enjoy the next 12 months knowing he has this company positioned for success.

One person keeps on crying about spilled milk, how much shares Nasrat has, his salary, 10% loans, and bah bah bah. But he never talks about the 5 drugs being launched, the amount of profits generic Vyvanse will bring in compared to Adderall (4x-6x), and it’s not shared. Talk about the company’s future and not the past. If you keep on bringing up the past, bring up your past, the profits you’ve made, less than a million dollars selling millions of shares at .15. Then, tell me how much you would’ve made compared to keeping the stock for another 6 months.

What I don’t get is what is Nasrat waiting for? He has over 300 m shares. He’s made a fortune off of his MIKAH , bull shit to elite, deal and he’s getting 10% interest on loans that he’s made. Oh and let’s not forget the million per year in salary and company car and house allowance. Why does he not just put his personal , what I consider greedy, interests aside, and just sell the company based on the future value. Why are we always waiting for what’s best for Nasrat ??????? Just my humble opinion

Oh I haven't sold. I started buying Elite around June, it's way too soon for me to think about leaving. But sometimes I trim positions to trade other stocks short term.

I haven't sold ELTP, and rarely close out positions. Unless the company is failing. Elite unlocked a key generic, so I feel their numbers in 2 quarters will show significant growth.

I can appreciate all those who helped ELITE get to where it is today, but that help did not come without cost. At some point ELTP has to stand on its own two feet

This press release has the market size for Concerta in 2020:

https://health.economictimes.indiatimes.com/news/pharma/dr-reddys-launches-generic-concerta-in-us-market/77906832

TheConcertabrand and generic market had U.S. sales of approximately USD $1.159 Billion

Probably not our drug.
Our undisclosed CNS stimulant has overa Billion dollar market.

One particular basher with a big rack

Oh haha I was wondering how .30 was realistic 😂😂 went over my head!!

He's just clowning the bashers 🐂🤑🤑🤑🤑🤑

Thanks kayak_wench. Good information. I believe the patent for OROS drug delivery has expired. At least that is what a quick google search told me.

I asked ChatGPT and it reports that generic companies work around the need for a laser by replicating the OROS tech using traditional exteded-release methods. So it probably is Concerta....if this information wasn't a hallucination. It is interesting to learn more about why the drug is difficult to replicate. Given extended release tech is Elite's specialty they will eventually solve this problem, hope to hear about their success in the next few weeks!

Owning a laser is not strictly necessary to manufacture a generic Concerta. However, if a company seeks to replicate the exact OROS technology, they would need either access to the laser-drilling equipment or an agreement with the patent holder. Most manufacturers circumvent this by using alternative extended-release methods that meet regulatory bioequivalence requirements.

Currently, there are no generic versions of Concerta (methylphenidate extended-release) available that utilize the OROS (osmotic controlled-release oral delivery system) technology. The authorized generic, which did use OROS, was discontinued by Patriot Pharmaceuticals in January 2023.
AHP NETWORK

Other generic versions have employed alternative extended-release mechanisms, such as extended-release bead technology. However, these formulations have faced challenges in demonstrating bioequivalence to the brand-name Concerta. For instance, the FDA downgraded the therapeutic equivalence ratings of certain generics, indicating concerns about their efficacy compared to Concerta.
GOODRX

As a result, patients and healthcare providers have reported variability in therapeutic outcomes with these non-OROS generics. It's important for patients to consult with their healthcare providers to determine the most appropriate medication option for their needs.

I found the 2017 market size (93 million). My guess is it’s larger now. https://investors.amneal.com/news/press-releases/press-release-details/2017/Impax-Announces-FDA-Approval-and-Launch-of-Additional-Strengths-of-Generic-Focalin-XR-Dexmethylphenidate-Hydrochloride-Extended-Release-Capsules-CII/default.aspx

Do you know IMS market size of Focalin XR ?

I don't remember Nasrat putting a name on it.
I believe Weizel may have came up with it based on IMS # s

Thanks Jour, maybe Focalin XR is the drug if it’s not Concerta. Whatever it is, it would be a positive if a successful study is announced.

He has never mentioned it by name, but it's another large CNS drug, which has been interpreted as being Concerta.

Im getting now just in case it dont go down, GLTY

You should have listened at 2 cents. 1700% roi
another 1700% coming at buyout.
Still not too late .

Youve been wrong since 2 cents