Elite Pharmaceuticals Inc (ELTP)

[no2koolaid]

Well, if given the choice, any reasonable Elite investor takes the reverse because there is no loss in capital. In fact, there are times when I expect Nasrat has considered doing just that because it removes the related noise from non-investors critical of the company. That he has not speaks to his strategic intent. I know that...

OBTW: This from three different links...

Reverse stock splits don't affect the number of authorized shares

So, a 1-10 reverse will mean the O/S moves from 920M to 92M, but that A/S remains the same! That explanation should preclude any misunderstanding.