We're never going to the Nasdaq.
Nasrat is already on record stating this.
He said the following several years ago when a shareholder asked about up-listing to the Nasdaq, "I'm not sure how that helps Elite."
The fundamentals are ALREADY here as stated by Carter Ward in February's CC:
-$25 million+ in revenue - CHECK
-Operationally profitable - CHECK
-Net profitable - CHECK
-Very little debt - CHECK
-8+ drugs in pipeline - CHECK
The ONLY reason we aren't on the Nasdaq RIGHT NOW is because Nasrat has NO PLANS to ever go to the Nasdaq as I just stated above.
So why does he keep bringing up the Nasdaq?
Answer: To increase the buyout price.
It's all about playing MIND GAMES with potential buyers while Elite PRETENDS they're in this for the long haul.
Psychology 101.
In addition, Nasrat would have never increased the authorized shares to enable his preferred share conversion if we were eventually going to up-list to the Nasdaq. He would just reverse split, get to the Nasdaq, and there would be ample shares available allowing him to convert.
And last but certainly not least, the ONLY way Nasrat gets paid is through a buyout. He owns WAY too many shares. Ain't no way he plans on going on the Nasdaq and having his shares sit there.
Case closed.
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