But do they even want an extension? The sooner the delisting becomes official, the sooner they can reverse split and raise funds down the line if the plant does start to produce at a reasonable profit. This could be the best time to be "forced" to reverse split for SYNM.
From their Q3 conference : The initial 180 day
compliance period expires on December 5, 2012. On October 30, 2012,
we sent a request to NASDAQ and confirmed receipt requesting an additional 180 day compliance period to meet this requirement. Except for the $1 per share minimum bid price we meet the listing requirements for the NASDAQ capital market.