Elite Pharmaceuticals Inc (ELTP)

[hondobud]

I think it depends on the perception of how big the ELI 200 ADT is upon approval. There are a lot of shares out there so a reverse split into strength is not a bad way to go. But even with a R/S games would be played until some sales reports and earnings came in. So I would favor a major partnership on ELI 200 on approval announcement (and maybe also the second and third potential ADT's) with a big pharmaceutical co. with big cash payments upfront and where a "hit the ground running" sales force is available. There are so many more ADT's in the ELTP pipeline that once the ELI 200 deterrent technology is accepted this paves the road for the remaining pipeline quickly and ELTP 100%. With the partnership money, maybe they could do a share buy back instead of R/S?
There are some sizeable whales out there at 2, 3, 4 before the real big ones at $5.
GLTA HB