Elite Pharmaceuticals Inc (ELTP): COMPLETELY WRONG. Elite can up-list t...

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Elite Pharmaceuticals Inc (ELTP)

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Re: no2koolaid post# 357969

Saturday, 06/19/2021 3:52:17 PM

Saturday, June 19, 2021 3:52:17 PM

COMPLETELY WRONG.

Elite can up-list this Monday morning but they choose not to.

See page 9 for up-listing requirements.

https://listingcenter.nasdaq.com/assets/initialguide.pdf

Elite has had its best financial performance ever, but that does not mean it qualifies for a Nasdaq listing. In fact, Elite has only met the earnings requirement for the last two years. To be approved for uplisting requires 3 years of consecutive earnings equal to or exceeding $11 Million BEFORE submitting an application and that means Elite needs another FY of revenues exceeding the baseline. That should end the discussion of uplisting now, but since I am here, let me clarify further.

MAKE ELITE GREAT AGAIN!

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