Seelos Therapeutics Inc (SEEL)

[OldtimeramI]

Even if they fall below a dollar after the upcoming cash raise, they may be able to cure it with an FDA approval and without yet another reverse split.

That will all depend if in fact the share price goes under a dollar and trades down there for 30 days - then they will get the NASDAQ notice once again. After that - they will have 1 year from the date of the original notice ( the one extension included - which I must remind you they didn't utilize that last time around ).

On the other side of your scenario comes the approval of Vitaros by the FDA in response to the original CRL from 2008 on the first try ( if in fact it is deemed a six month review ).

You have two timelines to compare if and when they materialize. You can picture them as two race tracks ( next to each other ) and can assign percentages on the outcome by comparing them against each other. If one runs out of track before the other, then you know what happens again.