Replies to post #301234 on Elite Pharmaceuticals Inc (ELTP)

[dr_lowenstein]

LOL yeah it isnt a penny stock,, just trades for pennies LOL

[namtae]

How clever to chop off large portions of SEC Rule 240.3a51-1 that contain other contingencies under the penny stock definition, not just the slice Elite may qualify under...

Also, many prefer to read the rule and not have it falsely interpreted for them