Elite Pharmaceuticals Inc (ELTP)

[gordonhoochie]

Makes sense otherwise the SEC would basically be eliminating all OTC stocks from ever being used in mergers because none of the microcaps trade at that level. Epic would RM with Elite and the initial PPS will be determined by their combined market cap. They would then be required to trade on the OTC for at least a year before filing application to go Nasdaq and that is where the $4 rule comes into play. In the big picture, I speculate that after this merger is completed, down the line at some point, Actavis now uses Epic which is publicly traded now for their reverse merger onto the Nasdaq. Then my dream PPS of $20-$30 would be complete.