Cant understand shareholders fear of nasdaq.
Its not like theres much of a criteria to stay listed on nasdaq once qualified. So if Elite hits a bump in the road with the Lannett transition, so what? Its not getting delisted unless Elite does a severe nosedive in revenues/market cap, in which case it wouldnt matter nasdaq or otc
However, being listed opens the door to much more opportunity for funding, expanded shareholder base, probable analyst coverage, credibility etc