Replies to post #65375 on Elite Pharmaceuticals Inc (ELTP)

[Drugdoctor]

MARKET cap=216 MILLION DOLLARS-$24.25 in March 2000 with 9,376,389 shares outstanding.

One must remember this was the BUBBLE market of 2000 top, and, as you can see from the table below, the stock soared from about $4 in 1999 to $24 in 2000, and by end of 2001 it was back down to $6 per share and a market cap of about 56.2 million dollars.

Also the company had 0 products and only $10,000 revenues at the time, and market cap was 50% to 500% higher than it is now at almost break even.

To get the market cap for any year, just choose the 10K filing for each year and the stock prices will be listed. Hope this is helpful.

State the number of shares outstanding of each of the issuers classes
of common equity, as of the latest practicable date: 7,237,613

 
 /y/e 3/31/1999                         High             Low                       High            Low 
 - ------------------------------------------------------------------------------------------------------------------- 
 Fourth Quarter                         $4 3/8          $3 1/2                       $ 1          $ 13/16 
  
 - ------------------------------------------------------------------------------------------------------------------- 
 Third Quarter                          $6 1/8          $3 1/2

Market Cap with 7.2 million shares and $5 per share price was 36.1 million dollars in 1999.

http://www.sec.gov/Archives/edgar/data/1053369/000105336999000014/0001053369-99-000014.txt

The number of shares outstanding of each of the issuers classes of
common equity, as of the latest practicable date: 9,376,389 shares of common
stock as of May 29, 2001.

Fiscal Year Ended March 31, 2000 
 <CAPTION> 
 <S><C>                                    <C>               <C>                      <C>             <C> 
  
                                             Common Stock                                Warrants 
  
                                         High             Low                       High            Low 
  
 First Quarter                          $4 7/8          $3 3/4                     $1 1/16       $0 19/32 
  
 Second Quarter                           $9            $3 7/8                       $5          $0 29/32 
  
 Third Quarter                         $10 5/16        $7 13/16                    $6 3/16        $3 1/2 
  
 Fourth Quarter                         $24 1/4           $7                       $15 7/8       $3 11/32 
  
                                  Fiscal Year Ended March 31, 2001 
  
                                             Common Stock                         Warrants 
  
                                         High             Low                       High            Low 
  
 First Quarter                          $11.385         $6.125                     $10.00          $1.50 
  
 Second Quarter                         $12.188         $6.875                      $6.50          $2.25 
  
 Third Quarter                          $13.25           $6.00                      $7.00          $1.50 
  
 Fourth Quarter                         $8.625          $6.063                      $4.00         $1.375 
  
  
  
 

http://www.sec.gov/Archives/edgar/data/1053369/000105336901500019/final.txt

[Jimmy Joe]

What difference does it make what the market cap was back then?
Lots of stocks were run up in value that had no revenues at all.
Elite was one of them.

Such a difference between what the company was back then and what it is now. Can you tell me how many employees Elite had when it was $22/share? It was about twice what they have now.