Replies to post #339379 on Elite Pharmaceuticals Inc (ELTP)

[The ELTP King]

Yeah you might be right.

That means Nasrat was planning a reverse split later this year.

That's the only way we get to Nasdaq.

So his plan was the following all in the year 2020:

1. Increase authorized shares to 1.45 billion.
2. Give SunGen hundreds of millions of shares for their R&D pipeline.
3. Reverse split onto Nasdaq.

Crazy!!!!!!!!!!!!!!!!!!!!

He was going through SunGen deal at the time... Hopes were very high.