at least it will extend the time but that is it.
there is NO way that Cardica BOD will get FDA approval within that 30 day period,..at best FDA approval in 3 months,..at best and most likely 6 months,...
but there is also the issue of the reverse split. the only good news about
that is it goes to a shareholder decision which i think takes place sometime in Jan 2016,....
time will tell
invest at your own risk, based on your own due diligence, at your own risk tolerance