Elite Pharmaceuticals Inc (ELTP)

[Couch]

LMAO sure thing!! PPS has tripled!!

Before getting into the financials I want to point out a disclosure which is usually overlooked. That would be at the beginning of the 10Q Elite Status. There’s a check box that we -- our status is a smaller reporting company. Reporting status is determined annually at the half-way mark of our fiscal year and it’s based upon our market cap. Smaller reporting companies have market caps of less than seventy five million dollars. This year, for the first time, at September 30th our market cap was above seventy five million dollars. So as of September 30th, we had a market cap of a hundred and ninety million as compared to just sixty one million a year ago. So the market cap more than tripled and our stock price increased almost as much; from twelve cents to thirty two cents in the year.

So thank you to our investors for their interest in Elite. Thanks to you we have moved up to accelerated filer status. That will take affect for our next 10K filing, that’s the March annual report. That’s another milestone achieved by our growing company