Replies to post #369697 on Elite Pharmaceuticals Inc (ELTP)

[Just give me $1.50]

SEC rules state Elite gets 90 days to file the 10-K.

And they're going to use the full 90 days..........especially with the changing of CFO's.

Completely normal.

Seems sorta pathetic. Quarter ended in March and it’s takes three months to report results. Sad if you ask me

[jour_trader]

That’s an SEC guideline, not Elite’s. Annual results are the only ones that are audited, which is why it also takes longer. Quarterly Q’s are not fully audited. Auditors work with tons of clients so extra time provides flexibility. Elite isn’t a huge company so they work with smaller audit firms they can afford that have less staff and can take longer.