Replies to post #247145 on Elite Pharmaceuticals Inc (ELTP)

[namtae]

Ill try again to help clear up the BS about INCREASED SHARES and REVERSE SPLITS

Nevada law allows the board of directors of a corporation, unless restricted by the articles of incorporation, to increase or decrease the number of authorized shares in the class or series of the corporation’s shares and correspondingly effect a forward or reverse split of any such class or series of the corporation’s shares without a vote of the shareholders, so long as the action taken does not change or alter any right or preference of the shareholder and does not include any provision or provisions pursuant to which only money will be paid or script issued to shareholders who hold 10% or more of the outstanding shares of the affected class and series, and who would otherwise be entitled to receive fractions of shares in exchange for the cancellation of all of their outstanding shares.

Oops!!

[jour_trader]

Garbage. He said over a year ago that a RS would at least be a year out. We are now within that feasible window.