Replies to post #28882 on Elite Group Inc. (fka ELTZ)

[elkonig]

At last report ELTZ has about 6.3 BILLION shares left in the kitty to hand out like cheap candy on Halloween. No reverse split necessary, YET!

[arpharph-wuphwuph]

correct. but if you read. there are "scenarios" where the CEO doesn't believe in R/S . this is that "golden" scenario. why the hell would a 28 year old company go through a reverse split? it wouldn't make any sense. what would make sense, is if its ran by a greedy CEO, who would intentionally, issue a 100 or 1000 to 1 reverse split, because he knows his stock price of .0002 is never going to go anywhere , and is more than likely lining his pockets. we are dealing with however, a woman CEO. they tend to run their ships, very "well" and "profitable". considering we are dealing with government entities . i "HIGHLY" doubt any "doomsday" scenario being spewed by any one!