Replies to post #344650 on Elite Pharmaceuticals Inc (ELTP)

[The ELTP King]

LMAO. Authorized shares don't change in a reverse split.

If Nasrat wanted to do a reverse split to get to the Nasdaq he would have NEVER held a vote to increase the authorized shares because it would be completely pointless.

Why? Because he would just do a reverse split first and then Elite would have TONS of shares available for his conversion of the Series J, completely eliminating the need for an increase in authorized shares.

Therefore, a reverse split is never going to happen. It's LITERALLY impossible.

BTW, I'm ready for it. 15:1 reverse split, leaving ~75M outstanding and ~100M authorized. Stop pretending it might not happen and get it over with already.