Replies to post #377434 on Elite Pharmaceuticals Inc (ELTP)

[jammy32]

I think he should sell the company

[JamesF1]

The reverse split can wait until after the company launches Adderall generic under their own label. If the launch is successful the move to NASDAQ will be greeted favorably by the market IMO. If the blunder the launch …. I don’t want to think about that….. lol

[sharkey1]

So I'm looking at this Pie chart, is this correct, ?

https://money.cnn.com/quote/shareholders/shareholders.html?symb=ELTP&subView=institutional
34% owned by retail. ?

[The ELTP King]

This post makes ZERO sense.

Nasrat HIMSELF said the stock is being manipulated on the OTC and will never go up.

THEREFORE, how in the HELL is the stock going to get to .15-.25 by itself before a reverse split and listing on the Nasdaq?

ANSWER: IT WON'T

That means Elite needs to reverse split IMMEDIATELY to attract institutions and have the stock rise to a fair market cap.

Nasrat is an IDIOT.

While a reverse split will be necessary, NH believes it should be done after the market recognizes the intrinsic value and prices the stock at a higher price.