Avid Bioservices Inc (CDMO)

[dorf1]

I am sure everyone here is aware of this but I thought it wasa nice summary of the reverse split procedure. This was Stephanie Diaz's reply to my question.

Our second extension period will end on April 10th, 2017.  After that time, but not before, we would expect to receive a notice of delisting.  If we receive the notice of delisting, we will appeal the decision within the required seven day period.  Our appeal will stay any delisting activities by Nasdaq and a hearing will likely be scheduled within 45 days.  At our appeal hearing, we plan to present our plan for regaining compliance.  It is possible, although there is no guarantee, that through the appeal process, we could be granted another extension to attain compliance.