The facts stand--2016 was NOT Elite's year, as Nasrat said in a CC.
The facts stand--he NOW expects to file (not get market approval) by the end of the year.
But, he did a great pump to $0.96. Savvy traders did very well on the run up.
Even if the traders bought back in at .25, they did well if they sold any stock above that price. (Counter point to the assertion that the best strategy is buy, hold and accumulate ANY stock forever).