Vapor Group Inc (VPOR)

[LGL8054]

Q Report......Do you think we will see a Q or a K Report ?

"Nobody likes a late filer, especially not if the filing is a quarterly report and the reason its late is because of an accounting issue. As you might have guessed, that capital markets react negatively when a company files a late quarterly or annual report.

In addition, and perhaps less intuitively, the study finds that capital markets react more negatively in response to the filing of late quarterly reports than to the filing of late annual reports, and even more so when accounting issues are cited as the reason for the delay. The authors postulate that this is because quarterly reports require less disclosure and are unaudited, and so markets perceive accounting issues associated with the filing of late quarterly reports as more significant."

Quote:Exchange Act Rule 12b-25 provides that if a company cannot timely file all, or any portion, of a quarterly or annual report then within one business day after the report’s due date the company must file a Notification of Late Filing (on a Form 12b-25) stating the reason why.