Elite Pharmaceuticals Inc (ELTP)

[HankVerde]

For whatever it's worth, I've never been involved in a reverse split that worked out to the positive (which may be an indication of my lack of investing prowess). The biotech I mentioned several times in my posts, the one that I've suffered with for the last 10 years, did a reverse split in March and over the last 60 days managed to lose 67% of its price on the day of the split. The stock had been in a nice uptrend for several weeks until that day, which happened unexpectedly since no prior announcement was given.

Maybe some of you have had better experiences with reverse splits, but traditionally they fail to achieve their intended result. If you Google "reverse splits good or bad" you'll see a number of articles about reverse splits, most indicating that it is a sign of desperation. Priceline.com is one of the few exceptions where it worked out well.

I'd prefer to see ELTP's PPS rise due to profits and growth rather than a reverse split.