Replies to post #380489 on Elite Pharmaceuticals Inc (ELTP)

[ko49]

Reverse splits are almost always a loser for current stockholders at the time of the RS.

[Yankee001]

Reverse split can be the kiss of death and frequently is. Buy Back would be better to remove some of the excess shares BUT this might be better holding off until we see how the business is handling the many changes now being worked through. New sales guy, new CFO, New direct sales for primary product, other new products awaiting approvals, etc. There's so much happening right now that can be either make or break the company. Reverse split will NOT help at this time.

[IB_]

A reverse split anytime within the next two years will cause an even deeper loss in shareholder value and give Mikah a cheaper opportunity to buy Elite !!!!!!!!!!!!!!!!!!

"IF" this new distribution arm of Elite pans out to be profitable and revenues continue to grow, a share repurchase plan would be the best benefit to shareholders at share prices below $0.25 per share,


IB_