JADE – LJ International (Nasdaq) (Closing Price – $6.76)
LJ International still has not released an earnings report since they reported their third quarter earnings report last year. They issued a press release on June 28 stating that they were changing their auditor and that they would issue their annual report on July 16. However, they did not report their annual report by that date and to my knowledge they have not given a new date of when they will file their annual report (not to mention the Q1 and Q2 reports from this year).
When LJ International missed the extended deadline of July 16 to file their annual report they were no longer in compliance with NASDAQ requirements and they became in danger of being delisted from the exchange. Consequently, the stock price suffered a huge drop last month and the stock price is currently trying to find support in the six dollar range. (more…)