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Alias Born | 08/29/2012 |
Thursday, January 26, 2023 3:37:12 PM
- "P/E ratio of 4 will not change with reverse split. Neither will the strong balance sheet. ELTP needs to get listed to catch some attention. If it wants to decline after reverse, CEO should have buyback ready to go. Would be good to start the buyback now."
It is HIGHLY unlikely the stock drops after Nasdaq listing.
If ANYTHING it will skyrocket higher.
But if the stock does drop, that's actually GOOD news. As stated above you just BUY BACK Elite's shares with the $20 million in cash sitting in Elite's bank account at an even BETTER value.
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MAKE ELITE GREAT AGAIN!
Recent ELTP News
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