Exactly Elite traded as we know on the Amex at around $4 an average PPS but went as high as $22.50 and that was solely in relation to Elite's technology. It had zero products on the market and went through a ton of cash to get us to where we are today.
The article I threw up does indeed highlight many companies like Elite that fell on hard times but ended back up on major exchanges. Nasrat Hakim on a recent CC, as you have pointed out, stated the company would be trading 10 times higher if it was solely a R&D company. Pretty soon it looks like Elite is going to be judged on more than just its R&D capabilities. Nasrat Hakim has seen to that. The right man for the right job. Bringing Elite back to a major exchange.
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