Elite Pharmaceuticals Inc (ELTP)

[no2koolaid]

Surely you jest!

Since the RS would need to hit a price point of about $10 to ensure the manipulators are not able to bring it down below the p/s required to remain on the Nasdaq ($1.00), and they would try, do the math and recognize that movement of a share price over time means the ceiling is lowered for what an investor might expect.

Still need help?

At its current 4 cents, to reverse to $10.00 is a 1/250 split.

At 25 cents, to reverse to $10 is a 1/40 split.

Which one pays more to original investors if it merely doubles to $20 hmmm?

So yes, the p/s matters at the time of a split.

P.S. You are correct. However, Nasrat has to retain the stated goal of going to the Nasdaq for myriad reasons, not the least of which is to act as leverage in any M&A discussions. This speaks to my belief that Nasrat does not get credit for his strategic thinking. But then, context matters.