China Jo-Jo Drugstores, Inc. CJJD today announced that on August 31, 2012, it was notified by The
NASDAQ Stock Market LLC (“NASDAQ”), notifying it of its failure to
maintain a minimum closing bid price of $1.00 over the then preceding 30
consecutive trading days for its common stock as required by NASDAQ
Listing Rule 5550(a)(2). The Company has until February 27, 2013, to
regain compliance.
The Company intends to actively monitor the bid price for its common
stock between now and February 27, 2013, and will consider available
options to resolve the deficiency and regain compliance with the minimum
bid
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