Avid Bioservices Inc (CDMO)

[biopharm]

Possible and here are the past Nasdaq hearing decisions .... based on price

"In affirming the Hearings Panel decisions, the Listing Council finds that granting the company extensions to regain compliance with the $1 bid price requirement was reasonable and appropriate given the facts and circumstances presented by the record at the time the decisions were issued. In particular, it was reasonable for the Hearings Panel to rely on the company’s statements and commitments. "
https://listingcenter.nasdaq.com/Material_Search.aspx?cid=14&mcd=CD&sub_cid=76

So the decision above was APPROVED for extension based on the company's statements and guess what? The decision to go public with telling shareholders and filing with the SEC the last 3 conference calls stating we are "x..." months away from becoming profitable will be key statements and Peregrine will of course have to show a card or puzzle piece or two for their supporting documents