Elite Pharmaceuticals Inc (ELTP): A reverse split on the otcbb cuts your o...

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Elite Pharmaceuticals Inc (ELTP)

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Re: richme post# 14633

Tuesday, 04/10/2012 9:00:21 PM

Tuesday, April 10, 2012 9:00:21 PM

A reverse split on the otcbb cuts your own throat and your investors. Not even a remote possibility with this company with a 800 million dollar patent. Reverse merger maybe if the price is right. Example a billion dollar private drug company wants in on the stock market, they merger with us giving us a billion dollar company plus. My guess a billion dollar company merger equates to about an instant $4 a share here, but don't quote me. Add our 800 million dollar product and we are at $7-$8. Now we have a company that is ready to be bought out for about $21-$24 dollars a share. Sound nice, could happen, but you have to be in it to win it.

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