If Shiner cannot demonstrate compliance with Rule 5450(a)(1) by August 27, 2012, NASDAQ will provide notice to Shiner that its securities may be delisted. At that time, Shiner may appeal NASDAQ's decision to a Listing Qualifications Panel.
bid price of its common stock had closed below $1.00 per share, the minimum closing bid price required by the continued listing requirements set forth in Listing Rule 5450(a)(1), and that, pursuant to Listing Rule 5810(c)(3)(A)