Nasdaq Warning
Innovo Group Inc., the Commerce-based maker of Joe’s Jeans, received a warning June 30 from the Nasdaq stock exchange that because the company’s stock had dipped to below $1 for 30 consecutive trading days, it could be delisted. Innovo has until Dec. 27 to remedy the situation by having its stock listed above $1 for 10 consecutive trading days. Recently, Innovo’s stock was trading at about 65 cents.
