Replies to post #54832 on Elite Pharmaceuticals Inc (ELTP)

[Couch]

Thanks! -- Gotcha so you get the Market Cap by multiplying the number of outstanding shares by the current PPS ......then Elite's Outstanding shares is roughly 357 million outstanding shares multiplied by .07 cents garnering a Market Cap of roughly $25 million.

So this .07 cents and Market Cap at $25 million---is based on roughly $4 million dollars revenue I'm assuming??

[dr_lowenstein]

Thanks for that!!! we did not know how the market cap was calculated nor did we understand the various influences. Thanks again. LOL LOL