Bio Path Holdings Inc (BPTH)

[BPTH2008]

Until we hear something official (I believe we should hear something within a few days) who the heck knows why we weren't delisted and whether or not we will be in the near future.

I can't see an extension happening because the NASDAQ requirements state:

"If the Company does not regain compliance with the Rule by August 29, 2017, the Company may be eligible for a second compliance period of 180 calendar days, PROVIDED THAT THE COMPANY MEETS THE CONTINUES LISTING REQUIREMENTS FOR MARKET VALUE OF PUBLICLY HELD SHARES AND ALL OTHER INITIAL LISTING STANDARDS for The Nasdaq Capital Market, with the exception of the bid price requirement, and notifies Nasdaq of the Company’s intention to cure the deficiency during such second compliance period."

Based on this next statement, my gut feeling tells me we applied for an extension and this appeal delays the delisting process.

"If the Company does not regain compliance with the Rule by August 29, 2017 and is not eligible for a second compliance period at that time, Nasdaq will provide written notification to the Company that its common stock may be delisted. At that time, the Company may appeal Nasdaq’s delisting determination to a Nasdaq Listing Qualifications Panel (the “Panel”). If the Company timely appeals, it would remain listed pending the Panel’s decision. There can be no assurance that, if the Company does appeal the delisting determination by Nasdaq to the Panel, that such appeal would be successful."