Elite Pharmaceuticals Inc (ELTP)

[rrr2003]

Didnt Nasrat say organically grow into nasdaq in 2016 with no RS and that evolved into nasdaq in 2-3 years with aid from RS??

Actually Nasrat said he could see ELTP being on the NASDAQ in 2016 but only if the fundamentals supported this move.

"Okay. The uplifting of the stock on the NASDAQ is one of the things that I don’t mind, and, again preliminary, I see us there in 2016. I have always said this from day one, I do believe in fundamentals. I need to see our company have solid fundamentals, earnings and revenues, which determines the price of the stock and I do not want to rush to any stock exchange and have us crash back into a penny stock. Okay. So it’s not going to happen until we file a product, get an approval and start generating revenue. I want us there for good period. And hopefully it will happen organically and the financials will support it."

http://seekingalpha.com/article/2433325-elite-pharmaceuticals-eltp-ceo-nasrat-hakim-on-q1-2015-results-earnings-call-transcript?part=single