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Posted On: 09/15/2017 7:09:41 PM
Post# of 15187
That's definitely a possibility. To take it a step further, The SEC's corporate finance division issued a non-authoritative interpretation a couple of years ago where they say in some cases it is possible for a delinquent filer to only file the most recently due 10K to relist. There are some technicalities, with regards to how their filing status is maintained (think "current, with an asterisk" type thing. Also, who knows what kind of path they and the SEC negotiated as they successfully avoided the graveyard.
In auditing, a common term that is prevalent in almost everything is, WCGW - what could go wrong. That concept has been ingrained in me, so with things like this, I prefer to outline the worst scenario and then work backwards from there.
At the end of the day, all any of us can do is speculate until we hear something concrete.
Enjoy the weekend.
In auditing, a common term that is prevalent in almost everything is, WCGW - what could go wrong. That concept has been ingrained in me, so with things like this, I prefer to outline the worst scenario and then work backwards from there.
At the end of the day, all any of us can do is speculate until we hear something concrete.
Enjoy the weekend.
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