Tuesday, March 31, 2009

The 10-K Annual Report is due Today.

A 15 day extension can be granted automatically. Either the Annual will be filed today - or - the request for the extension will be filed either today OR tomorrow. The SkunK expects an extension after the bell, and most likely posted on the site below about 17:12 et.
http://www.sec.gov/cgi-bin/browse-edgar?action=getcompany&CIK=0001269127&owner=include&count=40

The SkunK figures about an 80% chance of an extension based on past filings. All this is just my guess. Heck, the company may have some information they WANT to get public, and surprise us all with the Annual today! We will find out when we find out. The rumor that a company that uses the extension is "late" and can be sanctioned after so many times is FALSE. As long as the company files the extension today or tomorrow and then follows up with the annual report within 15 days - it is as if the company filed the original report on the filing date. We normally have a bunch of hand ringing by the same bunch every year about filing an extension - good drama - but nonsense.
******
EDGAR provides a filing service. Here are some of the actual rules that apply:

1. If a filing due date falls on a weekend or SEC holiday, the filing is due on the following business day.

2. The EDGAR system hours of operation for submitting files are 6:00 a.m. to 10:00 p.m. Eastern Time, weekdays, excluding Federal Holidays. Files submitted after 5:30 p.m. Eastern (with the exception of Section 16 filings) will receive the next business day's filing date.

3. Companies may request a filing extension for their Form 10-Q's and 10-K's by submitting Form 12b-25 via the EDGAR system. By filing this form, a filer may gain up to 5 additional days to file Form 10-Q or 15 days to file Form 10-K. Companies have up to 24 hours after the original filing deadline to file Form 12b-25.
******
Please, check all this out for yourself - go to the site below and look under 10K Non-Accelerated Filers with the period ending Wednesday, December 31, 2008.
http://www.secfile.net/SEC_calendar.htm

Good Luck to Shareholders
SkunK

No comments:

 
Free Blog CounterTamron