Elite Pharmaceuticals Inc (ELTP): As you know, NH indicated that he would...

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Elite Pharmaceuticals Inc (ELTP)

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Re: The ELTP King post# 387334

Thursday, 09/07/2023 12:51:17 PM

Thursday, September 07, 2023 12:51:17 PM

As you know, NH indicated that he would reverse split the stock when the price was at a higher level in order to qualify for the listed price to qualify for Nasdaq.

At .30, a 1 for 10 reverse would move the price to $3. Shareholders holdings would be reduced to 10% of what you now own but the market value would remain the same.

I believe that is the plan unless someone buys the company for .50+ for a market cap of approximately $500M

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Form 8-K - Current report • Edgar (US Regulatory) • 06/05/2024 08:07:15 PM
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