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tilator

04/24/18 2:32 PM

#34452 RE: fabius #34451

Because I don't really buy it that 22 of march they believed to be compliant and 3 weeks later they were sure of not being.



22. march they HAD TO already know Focalin sales had gone down several months ago.

Samsa

04/24/18 3:19 PM

#34454 RE: fabius #34451

well......that is the big question. They knew back in March that revenue was down. that QE ended February 28. by mid March they had the income since it given on a lag basis. they filed the offerings mid March to regain compliance to meet the "exemption" they were notified just recently that NASDAQ accepted that as meeting compliance exemption. However, now 2 weeks later, they announce they no longer meet compliance requirements as part of what was not told to us , was that they had to maintain that compliance through the filing. because we had a selloff after the filing that is what tripped us up. so.....here we are. the fact we were already given an extension and we blew it, is why I say I feel we have to seriously look at delisting. how many chances are they given? what is reasonable appeal? just going in saying I am sorry does not cut it in court. will it here? I have no clue. my gut tells me unless they go to the hearing in compliance they will not prevail. Its too easy for NASDAQ tojust say you were given a chance you blew it. now your delisted. If you feel you will meet compliance next year with an approval your more than welcome to refile for admittance. That is what I am afraid is going to happen.

doogdilinger

04/24/18 5:28 PM

#34462 RE: fabius #34451

Sadly reckless or delinquent is the 64 thousand dollar question that perhaps best defines all of IPCI mgmt.'s decisions over the past 4 years lol