Avid Bioservices Inc (CDMO)

[cjgaddy]

Jeff4, I'm not sure exactly what you're saying, but if Nasdaq approves the extension, it will be for another 6mos (180 days), starting from 4-10-17, so roughly 10-10-17, though PL said "up to 180 days" in the 3-13-17 CC..

CFO Paul Lytle, 3-13-17 CC:
"First & foremost, we have determined that it is not in the best interest of our stockholders to affect a reverse stock split prior to April 10, 2017. If our share price does not trade above $1 for 10 consecutive trading days by April 10th, we expect to receive a notice of delisting. If we received this notice, we will appeal this decision within the required 7 days and this appeal will stay any delisting actions by NASDAQ. At that point, NASDAQ will schedule a hearing, which is typically held within 45 days, and we will present our plan to regain compliance. We are considering several paths to regain compliance, including having addl. time to continue to allow the market to adjust, to reflect the current value of Avid as evidence with the recent movement in our share price. The hearing panel could afford us up to 180 addl. days to regain compliance, although this addl. time is not guaranteed and this decision is at the discretion of the NASDAQ’s hearing panel." http://tinyurl.com/grhwjvy