Elite Pharmaceuticals Inc (ELTP)

[rollin2nyte]

As they are traded on the OTCBB they are not subject to SEC registration requirements. Absent this requirement one might ask why a company would voluntarily subject itself to SEC registration requirements when:

1. They are not required to be registered with the SEC to be listed on the OTCBB.
2. The costs to implement such requirements .

Quote:
"ELTP is not making these filings out of the goodness of their hearts or to provide transparency above and beyond what they are required to."

By being SEC registered ELTP is providing transparency above and beyond the requirements of the exchange they are listed on. This is important to understand especially when investing in OTC stocks.

One might infer that subjecting to SEC reporting requirements, when not required, demonstrates one of many steps to uplist to an exchange that requires it's registrants to be meet SEC registration requirements. But I don't have to point that out since it's been freely discussed on CC's and is even outlined in the investors presentation.