Molecular Templates Inc (MTEM)

[vip1999]

Looks like the manipulation continues, at least until Jan, 2017

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On July 20, 2016, the Staff granted the Company’s request for an extension to comply with the minimum $1.00 bid price requirement through January 17, 2017, by which date the Company must evidence compliance for at least ten consecutive business days. If compliance cannot be demonstrated by January 17, 2017, the Staff will provide written notification that the Company’s securities will be delisted. In the event of such a notification, the Company may appeal the Staff’s determination to delist its securities, but there can be no assurance the Staff would grant the Company’s request for continued listing. If the Company has not regained compliance in sufficient time, the Company’s Board of Directors may implement a reverse stock split to regain compliance with the minimum bid price requirement. The Company is monitoring the bid price of its common stock and will consider options available to it to potentially achieve compliance before January 17, 2017.