Guys there is no fee for filing a 10-Q. See except from the SEC site.
The issuer must file its Form 10-K, Form 10-Q and Form 8-K (including financial statements, financial statement schedules, exhibits, as applicable) electronically with the SEC via EDGAR. No filing fee is required.
The only fee MS has to pay is that of the Accounting Firm to audit the financials which likely is the issue.
The 10-Q he filed at least lets him represent he is current (albeit incomplete) in his filing obligations with the SEC. In order to complete any securities transactions he will need to file an amendment with real financials.
My advice to clients always has been file something on time to keep in SEC compliance. It can always be amended. Sounds like MS got the same advice.
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