See the following link:http://www.nasdaq.com/article/delisting-of-securities-of-smf-energy-corporation-qiao-xing-universal-resources-inc-pressure-biosciences-inc-and-affirmative-insurance-holdings-inc-from-the-nasdaq-stock-market-20120613-01329Not a good thing.Next piece of news should be the Series F placement...raising $4.5 million net of expenses to build out the sales infrastructure. Will be dilutive, but perhaps some good institutional, long-term investors.
I'm a bit confused on this. I sort of thought that PBIO was already delisted by NASDAQ and was now trading over the counter. What does that change?
Maybe it was a delayed post by NASDAQ? Perhaps PBIO can regain compliance post $5.0 million financing.