Elite Pharmaceuticals Inc (ELTP)

[imanjen13]

Ironically, if the stock does go to >.15 before the reverse split, many here will probably have sold at least a portion of their position if not all. The new buyers, who didn't have to live through the anxiety and disappointment of an underperforming stock, may reap the profit if the corporation is eventually sold for $300- $500 M which translates to .40 -.60 pre reverse. Is this possible? Yes, if the company continues to have meaningful R&D supported by growth and excellent profits from their drug portfolio. See generic drug companies such as Teva who have overcome huge losses due to the opioid fiasco.