No generic only company has P/E in the range of 30-35. The reason Elite's current PE of 25 is not over doing it is because that PE does NOT reflect a billion dollars of potential revenue that will be flowing Elite's say. Because of this cut the price range in half from $5 to $7 to $2.50 to $3.50. Sill a good increase.
17% gain on Friday with less than 1% of the OS traded. This is coiled up tight, in super demand and shares are in tight hands. This is one of those very rare stock opportunities. People want in and the only way to get shares is to pay up.