Replies to post #82986 on NorthWest Biotherapeutics Inc (NWBO)

[exwannabe]

This is semi-old news though correct? (I understand it just came out). NWBO can basically file another extension come Dec. 21st

No.

The $1 issue comes up for another extension on Dec 21.

But this is for the second violation of the 20% rule, which they have till Friday to address.

What is new here is that the NASDAQ did not give NWBO the normal 45 days to respond, but instead only 17 days. This was due to :

The Nasdaq Staff shortened the 45 day period for submitting a plan, pursuant to their discretionary authority under Listing Rule 5101. The Staff based this determination on the Company’s recent shareholder approval violation, pending bid price grace period and concerns about the Company’s internal processes for review of transactions such as these

Some might suspect the NASDAQ is having issues with repeated violations.