Fabius, I agree with your assessment. The company admitted they are not compliant and did not meet the conditions for conditional approval, which is why the NASDAQ sent notice for immediate termination.
Now, lets be honest folks, why would the hearing go positive? If they truly had some plan or some news they would have already unleashed it. They were already given a reprieve and failed to meet the conditions. Does anyone really think an appeal for mercy stating they expect to receive an approval next year will suffice?
If they had a plan why not release it to shareholders saying this is how we plan to move forward. Heck they are not even telling us. I think they are going to go to the hearing. show the stock was $2.50 a share prior to adcom and therefore once we get an approval next year we should be back to $2.50 and in compliance they just need that year. That is probably the big plan they speak of! who really thinks that would work?
we may as well start assessing the risks associated with delisting folks.
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