Replies to post #377441 on Elite Pharmaceuticals Inc (ELTP)

[ko49]

Yes, you are correct the day of the split.
But it's been my experience that the RS shares always end up lower down the road, sometimes much lower.

[jour_trader]

Math works exactly pre vs post split. Poster is referring to issues investors typically have with reverse splits driving stock prices down. Elite has no meaningful investment fund ownership to help stabilize the share price post split giving odds that share price would most likely decrease.

[NASDAQ2020]

400,000 shs X $0.04 = $16,000
after 4 for 1 split
left with 100,000 shares @ $ 0.16 = $16,000
If they do a split its going to be much more than a 4 for 1 to get
on the NASDAQ

Buy in price is not included in the calculations,

Your new break even will be $2.60 after split.
GLTY

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