Elite Pharmaceuticals Inc (ELTP)

[HankVerde]

It's not harder to make money on a $3.00 stock than a $0.30 stock. Normally a stock is priced at $0.30 for good reason, and ELTP had good reasons to be priced this low. But now it is moving strongly in the right direction for all the reasons previously discussed on this board.

However, it can only get up-listed to a better exchange if it maintains a price over $1.00 for some period of time and can only get the attention from fund managers if it's priced over $5.00/share.

Just think what the exposure of a NASDAQ listing could do to the price! And once it hits $5.00 the big funds can jump in and we're on a rocket ship ride to the moon and beyond.

I do think we can make the dollar range this year without a RS if the earnings release this week is good and continues to be good the rest of the year. However, getting to $5.00 will take a long time. Maybe once we are above a dollar and can get listed on a better exchange, a 1:5 reverse split would be beneficial. But I'll leave it up to the very capable management we have to make those decisions. I trust them until given a reason not to.