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namtae

04/13/23 9:25 AM

#379480 RE: oliven #379479

So is doing nothing

Reverse split now is a death wish.



At least if Elite did a RS, it likely is to facilitate a nasdaq listing

Thats a positive in my book. It could also force some sunlight regarding concerns of the CEOs conflict of interest with Mikah, which I believe have turned off plenty of current and former shareholders
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The ELTP King

04/13/23 9:28 AM

#379481 RE: oliven #379479

You JUST admitted Elite should do a reverse split RIGHT NOW (and I agree).

Lannett:
-Position of weakness (to stay on Nasdaq)
-Stock goes down after reverse split

Elite:
-Position of strength (to uplist to Nasdaq)
-Stock goes up after reverse split

Reverse split now is a death wish.
Look at LCI