"That's before the imminent reverse split coming soon."
No reverse split, Nasdaq granted extension because company could demonstrate a pipline of products and company progress to life stock on it's own merit. Otherwise, extension would not be granted.
"Why would any bank accumulate shares of a company that is guarenteed to dilute those shares with a reverse split in the next 180 days?"
Precisely my point, banks accumulating shares through cashless exercise provision of B warrants, because there will be no reverse split.
"Most likely 10 to 1. Especially a company that just screwed private placement investors 2 months ago. They wouldn't."
The let Banks accumulate large positions at the newly diluted cash per share floor of .28, banks fronted 37 million cash to buy common for a reason.
Get with it dude.
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