Replies to post #344693 on Elite Pharmaceuticals Inc (ELTP)

[namtae]

Many still struggle to understand how to identify a RATCHET provision

Even more curious is to label the CEOs RATCHET provision as "alleged" yet acknowledging in the same sentence how the CEO "dealt" (past tense) with the RATCHET lol

but Nasrat could have dealt with that with a simple letter, exactly like he did for the alleged ratchet provision.

Thanks for providing me an opening to point this out again

[JustGoDeep]

Quote: "What would this company look like with $10M in earnings and 100M authorized shares? Those are both reasonable, objective goals that are achievable in the 2021-22 time frame. Or, we can just keep doing what we're doing, which seems kind of pointless."

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Would Look Exactly Like The Company Without A Reverse Split.

Why??

From Zacks

Reverse Stock Splits
A reverse stock split diminishes the total number of issued and outstanding shares of a company's stock, but it does not affect a shareholder's percentage ownership of the company. Because the shares have been previously issued, it does not affect or add back shares to the number of authorized shares; it simply condenses the number of issued and outstanding shares. An example of a reverse stock split would be a 1-for-50 split in which the stockholder exchanges 50 shares of pre-split stock and receives one share of new stock in return.

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It Is ALL Proportional.