Elite Pharmaceuticals Inc (ELTP): I don't think Nasrat would do that....

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Elite Pharmaceuticals Inc (ELTP)

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Re: NASDAQ2020 post# 351911

Friday, 02/19/2021 9:24:10 PM

Friday, February 19, 2021 9:24:10 PM

I don't think Nasrat would do that. From the past CC,s sounds like he would rather use the cash to build up the fundamentals. Too many S/O compared to cash on hand. I do think a R/S is feasible. Run an EPS formula based on a 10:1 RS. A 20:1 would give us more sound footing. In the past I've experienced R/S that worked because unlike the OTC the NASDAQ board will honor earnings. Short of that I believe A merger is still a possibility. All said I believe something is brewing with the prolonged increase in volume. Have a pleasant weekend all.

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