Elite Pharmaceuticals Inc (ELTP)

[no2koolaid]

No need to query Dianne, unless there is the desire to confirm the information below...

It appears I may have been the only one to submit my questions early and, thus, I received the following response from Dianne. As she did not ask for me to withhold the information, I presume I can share it; though I am surprised to be the only one to have the information...

Thank you (N2K).
I will include your questions for the conference call.
The filing deadline is now June 29th.

Best regards,
Dianne

With that, I asked a follow-up question and here is the more complete answer...

The SEC changed its definition of what qualifies a company to be an “accelerated filer.”

With the change in the definition, we now are allowed the time of a “standard” filer. The amended definition is beneficial for smaller reporting companies like Elite, who does not have a large staff to deal with the compressed timelines.

Under the current SEC regulations, we are now back to 45 days for the 10Q’s and 90 days for the 10Ks.

I hope this makes sense.

Best regards,
Dianne