Avid Bioservices Inc (CDMO)

[exwannabe]

A NO decision means a R/S

That has been stated, and very well end up being true, but I have not heard anybody clearly argue why a R/S after a failing appeal avoids the delisting.

PPHM had 6 months after the initial notice to rectify the situation. When they did not, they appealed for an extra 6 months. As part of that, PPHM committed to an R/S if need be.

Now PPHM has reneged on that prior commitment.

FWIW, I think the issue is overblown. The important thing is to get the cash burn down enough that the dilution ends. In which case NASDAQ and R/S issues matter little.