Daily Journal Corporation receives Non-Compliance notice from NASDAQ

What is going on? Read on to find out…

Daily Journal Corporation (Nasdaq:DJCO) announced today that, due to the delayed filing of its annual report on Form 10-K for the fiscal year ended September 30, 2014, the Company received, as expected, a notification letter from The NASDAQ Stock Market stating that the Company is not in compliance with NASDAQ Stock Market Rule 5250(c)(1), which requires the timely filing of all required periodic financial reports with the Securities and Exchange Commission.

The NASDAQ letter was issued in accordance with standard NASDAQ procedures.

The Company has 60 days to submit to NASDAQ a plan to regain compliance with the NASDAQ rule. The Company intends to file its Form 10-K for fiscal 2014 well before that date, but if that is not possible for some reason, then the Company will submit a plan to regain compliance within the 60-day period.

If NASDAQ accepts the Company’s plan, NASDAQ may grant the Company up to 180 days from the prescribed due date for the filing of the fiscal 2013 10-K, or until June 29, 2015, to regain compliance.

Daily Journal Corporation publishes newspapers and web sites covering California and Arizona, as well as the California Lawyer magazine, and produces several specialized information services. Journal Technologies, Inc., a wholly owned subsidiary, supplies case management software systems and related products to courts and other justice agencies.

CLICK HERE TO REGISTER FOR FREE ON ADVFN, the world's leading stocks and shares information website, provides the private investor with all the latest high-tech trading tools and includes live price data streaming, stock quotes and the option to access 'Level 2' data on all of the world's key exchanges (LSE, NYSE, NASDAQ, Euronext etc).

This area of the ADVFN.com site is for independent financial commentary. These blogs are provided by independent authors via a common carrier platform and do not represent the opinions of ADVFN Plc. ADVFN Plc does not monitor, approve, endorse or exert editorial control over these articles and does not therefore accept responsibility for or make any warranties in connection with or recommend that you or any third party rely on such information. The information available at ADVFN.com is for your general information and use and is not intended to address your particular requirements. In particular, the information does not constitute any form of advice or recommendation by ADVFN.COM and is not intended to be relied upon by users in making (or refraining from making) any investment decisions. Authors may or may not have positions in stocks that they are discussing but it should be considered very likely that their opinions are aligned with their trading and that they hold positions in companies, forex, commodities and other instruments they discuss.

Comments are closed

WHAT IS ADVFN?

ADVFN covers all things stock market.

From the news and opinion pieces on pages like this to share discussion forums, charting tools, financials, live share prices and Level 2, order book data

If you trade or invest ADVFN has the tools you need to make the right decisions.

• 

  101 Ways to Pick Stock Market Winners

  You need the number one bestselling investment guide, the definitive text for day traders, investors and stock pickers.

• 

  The Death of Wealth

  Dissecting the global economy and the financial markets, the book lays out the evidence for the next economic game changer: the Death of Wealth.

• 

  Felipe Erazo

• 

  Quoted Data

• 

  ADVFN News Bulletin

• 

  Charles Russell-Pavier