Elite Pharmaceuticals Inc (ELTP): Organizations that do a reverse split ca...

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Elite Pharmaceuticals Inc (ELTP)

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Re: no2koolaid post# 354356

Monday, 04/19/2021 11:25:53 AM

Monday, April 19, 2021 11:25:53 AM

Organizations that do a reverse split can include the same for total authorized, so as total outstanding shares decrease the total authorized can decrease as well. This can and does happen.

Elite has zero leverage in an acquisition right now until it can consistently grow top and bottom line far greater than the company is doing today, which makes sense to pursue an up listing via R/S to stabilize the price, increase liquidity and raise funds for investments since organic growth is pretty poor, at best.

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Recent ELTP News

Form 8-K - Current report • Edgar (US Regulatory) • 06/05/2024 08:07:15 PM
Form 8-K - Current report • Edgar (US Regulatory) • 05/20/2024 08:30:31 PM
Form 8-K - Current report • Edgar (US Regulatory) • 02/14/2024 09:55:26 PM
Form 4 - Statement of changes in beneficial ownership of securities • Edgar (US Regulatory) • 12/29/2023 07:21:28 PM
Form 8-K - Current report • Edgar (US Regulatory) • 12/26/2023 09:20:29 PM
Form 8-K - Current report • Edgar (US Regulatory) • 12/12/2023 09:20:20 PM
Form 4 - Statement of changes in beneficial ownership of securities • Edgar (US Regulatory) • 11/28/2023 12:05:38 AM
Form 4 - Statement of changes in beneficial ownership of securities • Edgar (US Regulatory) • 11/27/2023 11:58:46 PM
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