Oh just great! What a nightmare! What happens i

Oh just great! What a nightmare!

Quote:

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What happens if a SEC filing is late?
The impacts may include: SEC Enforcement reviews, actions, and penalties. An SEC comment letter, demanding a time-consuming and expensive response. A required filing amendment, including financial restatements.

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Quote:

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Understand How The SEC Delinquent Filings Program Works
In 2004, the Securities and Exchange Commission (SEC) instituted the Delinquent Filings Program and created the Delinquent Filings Branch as part of its Division of Enforcement. The Delinquent Filings Branch was instituted to encourage publicly traded companies that are delinquent in the filing of their required periodic reports (Forms 10-K and 10-Q) under the Securities Exchange Act of 1934 (Exchange Act) to provide investors with accurate financial information upon which to make informed investment decisions. The securities registrations of issuers that fail to make their required periodic filings are subject to suspension or revocation by the SEC and other enforcement proceedings.

Since it was instituted, the SEC Delinquent Filings Branch has suspended the trading and/or revoked the registration of thousands of companies, often in sweeps of large groups of filers in a single day. Generally, a delinquent filer will receive a letter from the SEC giving the Company 15 days to make the filings current. If such filings were not made present during that time, the SEC would institute administrative proceedings to revoke the registration of the company’s securities.

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Maybe the SEC delinquent letter will be posted on Twitter like the magical Sun Pacific Power Invictus Insurance wrap grade assignment to Elba Power Corp? lmao!

We're on day 9 of the 15 days allowed to make the SEC filings present.

in my opinion

cheers