Replies to post #247155 on Elite Pharmaceuticals Inc (ELTP)

[namtae]

Thats complete BS

Sorry no RS in 2017 period.

Same as Nevada needing Elites shareholder approval for a RS lol

I suppose posting the actual rules of Nevada ruins Elites BS story rofl

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.

Oopsy daisy!! lol