That whole paste is impertinent. The last 2 paragraphs refer to Global listings, which don't apply to IMNP. The 1st 2 paragraphs refer to 6 month extensions. IMNP already had as many extensions as it can have with its price <$1. It must reverse split imminently to avoid delisting. I don't know why it hasn't already been delisted. Perhaps it paid for a hearing to delay the inevitable.
Moreover, the stock is in danger of delisting because the company issued too many new shares without shareholder approval. We don't know what Nasdaq's response was to the company's plan to regain compliance with Nasdaq's rule on this.
"On November 2, 2016, we received a notification from the Listing Qualifications Department of The NASDAQ Stock Market LLC indicating that we had failed to comply with NASDAQ’s shareholder approval requirement set forth in Listing Rule 5635(d). The notification stated that determination was based on the Staff’s determination to aggregate the discounted share issuances in transactions that had been completed in April, June and July of 2016 for purposes of determining whether the threshold for shareholder approval had been triggered.
The letter received from NASDAQ has no immediate effect on the listing of the Company’s Common Stock. Under NASDAQ Rules, we have until December 17, 2016 (45 calendar days from November 2, 2016) to submit a plan to regain compliance. If our plan is accepted, NASDAQ can grant us an extension of up to 180 calendar days from November 2, 2016 to evidence compliance. If NASDAQ does not accept our plan, we will have the opportunity to appeal that decision to a NASDAQ Hearings Panel."
