Elite Pharmaceuticals Inc (ELTP): So what? To prevent 10 more individual r...

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Re: The ELTP King post# 379470

Wednesday, 04/12/2023 9:33:35 PM

Wednesday, April 12, 2023 9:33:35 PM

So what? To prevent 10 more individual retail stockholders from buying 5 shares a piece?

This change has absolutely nothing to do with where the real money is - investor funds, namely passive funds. More stock ownership today is held in passive funds than active. The stock needs to qualify for a higher exchange and specific fundamentals to draw new ownership from investment funds. While the CEO plays pick up sticks with CFOs our stock languishes and a whole peso can just about buy you two ELTP shares.

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