Elite Pharmaceuticals Inc (ELTP)

[Hike]

Q4 2014 Results Earnings Conference Call July 1, 2014 12:00 PM ET

Unidentified Analyst
....I mean why don’t we do a reverse stock split or some kind of stock split. I don't know how you add more shares to a corporation without affecting the price.


Nasrat Hakim
Well, that's a longer discussion. First I am not going to have a stock split because the fundamentals does not support it right now. We will either organically grow back on to a NASDAQ or a major stock exchange or when we have fundamentals we’ll revisit whether we're going to have some kind of a stock reverse split. At this time I have no intention of looking at any of that. My focus is to get the products through the FDA, build some equity into this company and then evaluate the value of the company at that point.