Elite Group Inc. (fka ELTZ)

[arpharph-wuphwuph]

Stock Exchange Listing Standards

Surviving reverse merger companies are subject to heightened listing requirements. Both the NYSE and Nasdaq enacted rules in 2011 requiring surviving reverse merger companies to complete the following prior to listing on the exchange:

A one-year trial period of trading on the U.S. over-the-counter (OTC) markets or another regulated U.S. exchange
The filing of all required Exchange Act reports with the SEC prior to listing
Maintenance of a minimum stock price of $4 per share for a specified period of time prior to listing
In light of these requirements, surviving reverse merger companies typically list on an OTC market during their trial period prior to listing on the NYSE or Nasdaq. Two of the most common OTC markets for such a listing are the Pink Sheets and the OTC Bulletin Board (operated by the Financial Industry Regulatory Authority), which have fewer listing and reporting requirements.


i rest my case