Lou, my interpretation of the Russell criteria is that the last trading day in May sets the market capitalization used for determining index inclusion. There is time allowed for the math to get worked out. Since the pps was below a buck, which is a Russell criterion, I don't think the updating references in June mean that PPHM has another opportunity to demonstrate satisfaction of the criteria. Rather, the math corrections just catch up through the final determination date in June.
Best wishes and IMO.
KT