Elite Pharmaceuticals Inc (ELTP)

[ivorytowerboy]

My business guru friends... As you probably know, NASDAQ has recently lowered its qualifications for listing.

http://www.redchip.com/blog/index.php/uncategorized/sec-approves-alternative-nasdaq-listing-requirements/

Given the following scenario, would it be possible for ELTP to become NASDAQ eligible in 18 months after product launch?

The scenario: ELTP is approved for the manufacture of abuse-resistant hydrocodone which has a $300M a year market. ELTP succeeds in capturing an average of 20% of the market over 6 quarters (i.e., $90M in total revenue over 18 months)