First of all, if you even listened to the CC you would know a reverse split ISN'T coming, because Nasrat specifically addressed this in the Q&A.
Secondly, you're a complete buffoon to not be able to see the bigger picture. While I know you're secretly a holder trying to force the price lower so you can accumulate more cheap shares, I'll explain it anyways. Yes more shares were VOTED by the SHAREHOLDERS to be issued, HOWEVER those shares will help Elite progress rapidly towards ART approvals. Let's say the stock slumped 10% because of the dilution, well those who sold were not strong players anyways, simply traders wanting to make a quick buck. Now those who know the TRUE value in Elite (such as yourself), know that the money Elite received from these shares will result in access to a multi BILLION dollar market. One product of our 17 AR line gets approved, we're talking tens if not hundreds of millions of dollars.
One small sacrifice for the short term, but major gains to be realized in the long run as a result.
Don't let this scrub posting on the board all day everyday influence your perception of Elite, I have been here for years and didn't even flinch when we hit .95. I am here until our ART line is up and running.
GLTA Long & Strong
"The best investment period is forever"