There is no need to exaggerate on the negative imp
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Posted On: 08/14/2017 1:02:32 PM
There is no need to exaggerate on the negative impact of a late 10-Q filing. This is not at all uncommon for smaller reporting companies and a 5 day delay will not make any difference. If you look at the company's 10-Q Sec Filings over the last couple of years, they filed an NT 10-Q (notification of late filing) on quite a few occasions.
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What is the benefit of filing the Form 12b-25?
If the conditions of the Rule are met, filing the Form 12b-25 gives the issuer 15 additional calendar days to file a late annual report and five additional calendar days to file a late quarterly report. Moreover, if the report (or the incomplete portion) is actually filed within the 15-day or five-day grace period, the report is deemed to have been timely filed.
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