Hey Vladimirr,, your right ,that could indeed be the reason..
But IMO ,whats happened to PHAR has been a collection of things. This is just another thing that can hurt market reaction to PHAR at a time when its on the brink. Whats the excuse for letting it get to having to come up with a reason, is my frustration..
Whats going to happen im afraid is maybe Friday/Mon a late filing request made for first QTR.,after just doing a late filing request. As well, maybe Pittera can get letter filed as well shortly to correct OTC status. Just dont like legal counsel for DM handling this type thing for PHAR. Bad way to conduct a public company if your trying to raise capitol using same counsel. Being late now and not following needed requirments in a timely manner is just inexcusable when your not even producing product ,meaning the time frames allowed to complete these requirments should be sufficient.
Take care GLTU