Replies to post #2621 on LadRx Corp (LADXD)

[BigWorm129]

2/21/2017 was the initial deadline listed in the 8-K from August. Then, if they don't regain a minimum bid of $1.00 for 10 consecutive days, as long as they meet the continued listing requirements and all other NASDAQ requirements, they must submit a letter to NASDAQ outlining how they intend to cure the deficiency. Upon those steps being met, they could be granted another 180 day period to regain compliance...So possibly August 20th, 2017.

[strongbio]

Since FDA meeting is prior to first delist warning date, the company decided not to reverse split and just let the market do its thing after FDA makes its statements about the SPA being met by data. The updated data will probably fly as is, but they can still scrub it as well, which will almost always push it wherever it needs to be.