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Dynavax Technologies Corporation Message Board

  • sfarquh sfarquh Jun 26, 2013 6:22 PM Flag


    is there risk that this happens by NASDAQ if the price drops below the Mendoza Line ($1.00)

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    • I'll take this last one before I wrap things up for the evening because it's especially a simple answer.

      A complete and total NON-ISSUE!

      Off hand I think 1st, the PPS must fall below 1.00 for a period of maybe 30 consecutive trading days before notice is even sent out that alerts the company that they must return to compliance within (off the top of my head) 180 days. The accuracy of the just listed may be off a bit but the point is that the process is long and drawn out and thus virtually irrelevant because with only news that is expected ("doable" trial format confirmation) out in roughly 4-6 weeks, the question you raise will not only be beyond the non-issue that it is now but extinct.

      Additionally, based on what is probable out of the FDA, the PPS should soon begin to trend upwardly ahead of the formal announcement.

      Hope that helped!


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