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The 10-K must be filed no later than the 13th, which is a Saturday.
Right. September 28th was the date the 10-K annual report was due. On that date Victoria Rudman filed the NT 10-K extending the due date to October 13th.
Yeah, it's easy to do that. We're all good.
Well, the NT gave a fifteen-day extension to file the 10-K annual report which was originally due on September 28th. So that means the 10-K is now due no later than October 13th.
Form NT 10-K has just been filed, extending the due date for the 10-K annual report fifteen calendar days from today to October 13th.
https://ih.advfn.com/p.php?pid=nmona&article=78359038&symbol=LCLP
The 10-K annual report is due on Friday. Should be interesting.
Kalytera isn't halted on the OTC. Symbol KALTF
CEO wife Mimi Walters may lose her seat in California.
Yes it should!
For us it's the 10-K annual report that is due after the second quarter ends. So we've got until September 29th
Which means that someone just bought 950,000 shares... :0)
You're welcome.
Thanks!
You're most welcome.
The disclaimed letter to shareholders and recent events:
Here is a general recap of events over the last year. Below that are re-posts of the disclaimed "Letter to Shareholders" of 8/9/2018 and the Form 8-K filed with the SEC by Interim CEO Victoria Rudman disclaiming the letter.
The company had gone delinquent last year following the resignation of the CEO. In April of this year the company filed a delinquent annual report for last year, sparking speculation that the company intended to go current again.
More general filings followed earlier this year, further fueling that same speculation.
Recently rumors spread that Interim CEO Victoria Rudman intended to bring the company current again, and a great deal of DD was posted to the board supporting rumors of a possible merger, possibly with other companies with which she is or has been involved.
Then on 8/9/2018 a letter was posted on the EIN newswire site which appeared to be from Victoria Rudman, saying that the company would soon go current again, and was looking for a merger candidate. In fact the letter seemed to imply that a merger candidate had been selected. The letter did not appear on other major newswire sites, and was not signed by Victoria Rudman.
Sure enough, four days later the company filed three delinquent quarterly reports with the SEC, and went current again. The stock price soared.
But within days the aforementioned letter disappeared from the EIN website where it had originally been posted, and Victoria Rudman issued a Form 8-K with the SEC disclaiming the contents of the letter, saying that it had been posted by "an unknown party" and had not been authorized by the company. The stock price quickly crashed.
So while the letter and it's talk of finding a merger candidate have been disclaimed by the company, nevertheless the company did go current again on 8/13,2018, just four days after the letter appeared.
There has been some speculation on the board that Victoria Rudman or another company insider may have been directly involved in posting the aforementioned letter. Also it has been suggested that she should have acted sooner to disclaim the letter, while others have suggested that she has been extremely busy and may have been out of the country at the time on business. In her 8-K she states that she took action as soon as she was made aware of the letter.
There also has been speculation and some DD suggesting that the letter was posted by an outside party not involved with Life Clips who has done this sort of thing before to other companies. In my opinion a closer examination of the letter in question (copied below) reveals that it would be possible for an outside party uninvolved with the company to create and post such a letter based on publicly available information about Victoria Rudman and Life Clips, and by gleaning investor hopes, expectations and sentiments from reading public investor message boards such as this one where many investors had expressed expectations that the company would go current soon, and expressed hopes or expectations of a merger with a marijuana-based company. But that is just my opinion. Hopefully we will soon know more about where the disclaimed letter to shareholders originated.
As of today, 8/22/2018, speculation continues about a possible merger, as the company did not specifically say that it is not looking for a merger candidate. It simply disavowed the letter. Questions remain as to why the company has gone current again, and what is next. The company is current in its SEC filings. The next 10-K annual report will be due on 9/28/2108 which is 90 calendar days after the end of the second quarter.
Here is the Form 8-K filed by Victoria Rudman on 8/16/2018 disclaiming the news release:
https://www.otcmarkets.com/filing/html?id=12922358&guid=__BEUnK33Xg1k3h
Yes, I hope we do.
Well, the next SEC report filing that will be due is the 10-K annual report following the end of the second quarter on 6/30/2018. The SEC grants companies 90 days to file 10-K's, which will make it due by September 28th.
I'm only aware of the one PR that was disclaimed by the company on August 16th.
Yes, the website has a new look. It had been down since some time last year. Recently the site went back up and had some changes.
Thanks, Serge. I keep hoping for that little gong that sounds on my computer when news from the company hits.
Just for clarification and to avoid any possible confusion on the board among readers who might be encountering it for the first time, that letter was taken down from the EIN news site where it first appeared, and it has been disavowed by Life Clips.
LOLOL! Dotting the T's and crossing the eyes. The mind boggles!
Here I was just 19 days ago. Seems like a year!
https://investorshub.advfn.com/boards/read_msg.aspx?message_id=142592699
Yes, now that I think about it, I even remember posting about that info on her on Linkedin page where it clearly stated the dates when she had been CFO. My eyes get crossed sometimes. ;0)
Good DD, Linkvest. So Victoria Rudman is currently Treasurer and Secretary of Kalatera and no longer CFO? Looks like I got it wrong when I stated earlier that she is currently CFO of Kalytera. I juat checked OTCMarkets, and they have her as "Interim CFO" of Kalytera. But the OTCMarkets profile was only verified through April of this year. So she changed positions after that. My bad.
https://www.otcmarkets.com/stock/KALTF/profile
Thanks, MVIR. That clears up my confusion over "KALY" and "KALTF". On the OTC exchange, "KALY" is a stock that is unrelated to Life Clips (LCLP). Kalytera is on the OTCQB exchange as "KALTF". Kalytera is of course the company of which our Life Clip's Interim CEO Victoria Rudman is the CFO. Kalytera is also on the TSXV exchange as "KALY", not to be mistaken for OTC "KALY" So easy to mistake the two.
Unauthorized letter to shareholders of 8/9/2018
On August 9th a news release purporting to to be a letter to shareholders from Life Clips Interim CEO Victoria Rudman was posted on the EIN Presswire website. The news release was not posted on other major news sources. Some days later the EIN Presswire site removed the news release. On August 16th Ms. Rudman filed a Form 8-K with the SEC stating that the aforementioned letter to shareholders was released by "an unknown party", and that Life Clips did not authorize the news release and disclaims any statements made therein.
Here is the Form 8-K filed by Victoria Rudman on 8/16/2018 disclaiming the news release:
https://www.otcmarkets.com/filing/html?id=12922358&guid=_I5EUpV3q_dU93h
Yeah, it's puzzling. It's such a shame to see so many get hurt today. I hope they get to the bottom of this. I would love to see a real message from Life Clips management. Don't know what they can or can's say at this point, legally speaking. But something would certainly help.
That's a good question. Just speculating here, but the unauthorized-or-fake letter to shareholders said:
Check the stick posts above:
https://investorshub.advfn.com/boards/read_msg.aspx?message_id=142962756
Check the stickies above.
No, it was due to an unauthorized press release. Check the sticky posts above.
Today's 8-K, and the false letter to shareholders.
Here is the 8-K that was filed otday, 8/16/18. And below is the letter to shareholders that was released on the EIN news site on August 9th, but was later removed. The company says they did not issue the letter.
Today's 8-k
Those spelling errors don't appear in the actual 8-K as posted by the company. Apparently only in the copy that was posted here.
Here is the actual 8-K.
Form 8-K released today concerning the unauthorized news release of August 9th.
https://www.sec.gov/Archives/edgar/data/1604930/000149315218012145/form8-k.htm
Item 8.01. Other Events
Okay, that settles it. It was a fake news release. Intersetingly it promised that the company would go current soon, and only days later it did. Other promises were made in the release, and are now suspect.
Yes, the company is current according to OTCMarkets. Just happened recently. You can check here, and see the filings as well.
https://www.otcmarkets.com/stock/LCLP/disclosure