Why would Elite uplift when they haven’t proven their revenue stream? Most of their revenue needs to be rebuilt post-Lannett. Uplisting would be an extremely poor decision to make at this time.
2. 57+ million customers will now be allowed to invest in ELTP.
3. Institutional investors will now jump on board.
If Elite decided to reverse split the stock now at current price around 3 cents a share, they would have to do AT LEAST a 1 for 100 reverse split to reach $3.