Replies to post #357969 on Elite Pharmaceuticals Inc (ELTP)

[The ELTP King]

COMPLETELY WRONG.

Elite can up-list this Monday morning but they choose not to.

See page 9 for up-listing requirements.

https://listingcenter.nasdaq.com/assets/initialguide.pdf

Elite has had its best financial performance ever, but that does not mean it qualifies for a Nasdaq listing. In fact, Elite has only met the earnings requirement for the last two years. To be approved for uplisting requires 3 years of consecutive earnings equal to or exceeding $11 Million BEFORE submitting an application and that means Elite needs another FY of revenues exceeding the baseline. That should end the discussion of uplisting now, but since I am here, let me clarify further.

[DSherman]

Good post!!
Eltp