Elite Pharmaceuticals Inc (ELTP): I’m not a fan of reverse splits, but alm...

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Elite Pharmaceuticals Inc (ELTP)

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Re: ko49 post# 377534

Thursday, 02/09/2023 1:15:00 PM

Thursday, February 09, 2023 1:15:00 PM

I’m not a fan of reverse splits, but almost
all R/S I have seen are done to maintain presence on an exchange due to poor business performance and share price suffered. It will be a risky move, but could would bring positive benefits that don’t exist today. For example, this would give Elite exposure to investment funds and investors that it doesn’t get today. It’s a unique situation and would be a nice tailwind from new ownership.

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