Replies to post #57837 on Elite Pharmaceuticals Inc (ELTP)

[crush1128]

Good post. I too I have those same concerns and also believe every CEO wants a Nasdaq listing but very few can get there organically No matter what jt says a reverse split is always a possibility. When there's too many shareholders who cud be millionaires it rarely works out that way. Hope I'm wrong

[IB_]

"I have been here 2.5 years and been through the ups and downs and doldrums. I have had a bullish bias the entire time, yet objectively I have two major concerns going forward. First, the concept of cui bono (who benefits) and the fully diluted share structure and trying to get listed on the NASDAQ.

First, who benefits from the share price being under a dime? Like it or not folks, Epic benefits big time. They are the major shareholder and if they want to absorb Elite before the big bucks roll in, what better way to do it than to starve out the retail investor and buy Elite cheap. Also, like it or not, Jerry would stand to make big $$$ in a compensation package whereby Epic took Elite private. I can't help but wonder just a little bit when the likes of Ram Potti and Chris Dick move on.

Second, if Elite wants to get on the Nasdaq, they are going to have to do a reverse split. I know, I know, i have heard jerry say that they arent going to do that, but every CEO says that. Of course they would LIKE to get on the Nasdaq without doing that, but there is what you would like to do and what you have to do. Again, sorry for the dose of reality, but it is just simply going to have to happen to get the share price into dollar land. At first it would be painful for longs as nearly all reverse splits reduce market cap in the short term. However, if would be good longer term as new retail and institutional investors come to the table.

I have trimmed my position in half as my portfolio was over represented by ELTP, but I am still going to hold several 100k shares in hopes that the ART Products come to market under the current business structure of Elite.

I have followed these boards long enough to know that these subjects can be very polarizing. This company has a cult following like none other I have come across. It is almost as if Elite is a religion and you get ostracized if you don't follow the customs and doctrine to the letter. Or, you get persecuted by the non believers for your beliefs.

I am a trader so I rent stocks, not own them. ELTP is the only long term position I have ever had and I will continue to hold 400k shares until ART products come to market, the company gets bought out or some other structure changing event happens.

I hope all make money here as that is the whole point of investing"

I agree 'soccadoc' !!! One of the few truthful post on "ELTP" I have read in a long while ..... Those that just continue to "claim" to be buying and placing shares in a safe may be forced to sell their shares for a much lower PPS than they would like !!!!

IB_ :)