Replies to post #377439 on Elite Pharmaceuticals Inc (ELTP)

[sharkey1]

Ko49, I'm having trouble with the math.
if you had 400k shares at 65cents and then the split at 4 to 1, your left with
100k shares, next day opens at 2.60, now 3 bucks, in theory your supposed to have the same amount of money cept, less shares, so where are we with this equation. ?

[The ELTP King]

LMAO.

It's because all those stock were trying to STAY on the Nasdaq, which means they were operating from a position of WEAKNESS.

Elite is the EXACT opposite. We're going FROM the OTC to the Nasdaq.

Reverse splits almost always are to the detriment of the shareholders at the time.
I've owned several stocks that went through a RS and every time I came out on the losing end value wise.