Replies to post #246360 on Elite Pharmaceuticals Inc (ELTP)

[jour_trader]

To get on NASDAQ there are certain requirements.

[Don'tDrinkTheKoolAid]

Because the cash will run out long before approval of any kind to bring in any revenue. They will max out the float sooner rather than later.

[conix]

Usually CFO's do not like to get THIS close to the Authorized Share Limit. And the additional trials cost money too.

But it is encouraging that they still have Cash on Hand.