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Re: Blue Sky Basin post# 624

Wednesday, 09/25/2013 12:56:34 PM

Wednesday, September 25, 2013 12:56:34 PM

Post# of 27557
Hoping they get an extension by NYSE. This should alleviate some of the financial concerns:

NEWARK, Del., June 5, 2013 /PRNewswire/ -- iBio, Inc. (NYSE MKT: IBIO) today announced that on May 31, 2013, the NYSE MKT (the "Exchange") notified the Company that it accepted the Company's Plan of Compliance and granted the Company an extension until October 14, 2013 to regain compliance with the continued listing requirements of the Exchange. On April 18, 2013, the Company received notice from NYSE MKT Staff indicating that the Company was below certain of the Exchange's continued listing standards set forth in Section 1003(iv), which applies if a listed company has sustained losses that are so substantial in relation to its overall operations or its existing financial resources, or its financial condition has become so impaired that it is questionable, in the opinion of the Exchange, as to whether the listed company will be able to continue its operations or meet its obligations as they mature

[chart]img232.imageshack.us/img232/8486/patstackleqr1.jpg

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