NorthWest Biotherapeutics Inc (NWBO)

[hoffmann6383]

It looks like there is a $2 closing bid alternative. It seems NWBO would also qualify under this scenario. Does this 90 days apply to the $2 closing price? I don't see this language. I do see where you get the 90 days for a $4 bid price requirement.

*** To qualify under the closing price alternative, a company must have (i) average annual revenues of $6 million for three years, (ii)net tangible assets of
$5 million or (iii) net tangible assets of $2 million and a 3-year operating history, in addition to satisfying the otherfinancial and liquidity requirements listed
above.
In addition to the above requirements, if the security is trading in the U.S. over-the-counter market as of the date of application, the security must have a minimum
average daily trading volume of 2,000 shares (including trading volume of the underlying security on the primary market with respect to an ADR), over the 30
trading day period prior to listing, with trading occurring on more than half of those 30 days, unless such security is listed on the Exchange in connection with a
firm commitment underwritten public offering of at least $4 million.

(emphasis added)