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Thats what I read on the SEC website. 5 days for a Quarterly and 15 days for an Annual. Not sure what their plan is. I guess they can just not file and be in contempt of SEC rules, maybe pay a fine? Some companies don't file at all. Who knows what they are doing. Hopefully the new accountants will prevent this going forward. Not good for the companies credibility.
Could have been worse I guess. Lets hope we shrug this off and get back to our rally.
Pretty sure that a NT 10-Q is only a 5 day extension. That would mean tomorrow is the deadline. Not sure if they can extend that or not. IMO they are taking on too much right now and can't follow through with everything. Maybe not enough man power? I'm disappointed. The rally was looking good. Oh well, we continue to wait now. Sure stopped trading dead in it's tracks.
Darn, so much for our rally.
This is true. I guess we will know tomorrow. Not sure why they always have to file a late report. It's just a 5 day extension. Wouldn't kill then to start looking at the books 5 days earlier. Supposedly they have a new accounting company helping them so they can get reports filed on time.
I can't help but wonder if the lack of consistency with INND filing their Q report is hurting our rally today. It looks like Matt is going to wait to the very last minute to file. Historically, they file their late report 4 days after submitting NT 10-Q. It makes me nervous, I don't want to see our rally end yet. Still early though, markets only been open an hour. who knows? onward and upward!
Who knows. At least volume is booming. Looks like tomorrow for the Q2 results. If we don't have a gang buster day today, that might hurt.
It's starting to look like no Q2 today. Might be a good thing. Gives us one more day to gain some ground.
If he uses all 5 days then yes Weds would be the first the market gets to see anything. Pretty sure he won't submit to SEC until after close. The Q2 report will either be tonight or tomorrow night. Fingers crossed it's not too bad. We already know there has been some new revenue, it's the debt that will kill us. But, hey, ya never know how the market will interpret it.
I don't think there's time for anymore PR's before financials. I just looked over their SEC filings and they generally release the report 4 days after the late filing. Thats today. They get 5 days, but it looks like they have only used 4 days in the past. Look to see if the filing pops up today after hours and then watch for a PR in the morning if it does. Lets hope Matt writes a humdinger of a PR to keep our rally running.
It's trying hard to make it to .03. A close at .03 would be even better.
Good news. Up we go!
Last week we went up 115% from the low for the week. I'd sure love to see a replay of that this week. .05 seems to be a sticking point, lets blast past that!
There was some talk about this on their Twitter feed not long ago. Matt said:
The study is for 4 to 6 months then additional follow up needed before submitting to the FDA. We always planned for a Go-To-Market product this Winter.
I'm thinking mid/late 4th quarter or early next year for any kind of an announcement. But yes, this has a huge potential.
The kiosks will probably be self serve. the real man power comes in with the information FROM the kiosk. Matt said they got 850 responses from the one kiosk they had out there in 3 months. That means 850 contacts to follow up on and make a sale. Times that by 100,000 kiosks and you need a large office with 20 people talking on phones all day. The kiosk will only work if it makes a sale with the information gathered. SOMEBODY has to review that information and put it to use.
They can't meet the rest of the requirements for $3 or $2 they don't make enough money or have enough MM's or share holders. Google NASDAQ listing requirements and check the requirements for Capital Market requirements. To meet the $3 or $2 requirement they would need: To qualify under the closing price alternative, a company must have: (i) average annual revenues of $6 million for three years, or (ii) net tangible assets of $5 million, or (iii) net tangible assets of $2 million and a 3 year operating history, in addition to satisfying the other financial and liquidity requirements listed above.
I just did this research for another company. They were thinking $1 would get them uplisted. Not easy to get to NASDAQ
True, but not anytime soon. If they can stay on course, they might have a good shot at NASDAQ in a couple of years. They are a long way from meeting the requirements for uplisting. Trust me, I'd LOVE to see them hit the $4 SP requirement for uplisting, especially if they can do it without a huge reverse split. Lets get to a $1 first, then talk about NASDAQ.
Correct. They have 5 calendar days to put in the final report. Thats for a quarterly report. So on Tuesday they better have it in or be in violation of SEC rules. I would imagine they won't submit it until after close, but they can submit it any time between now and then. Wednesday we should see the impact.
It looks like 08/20 is the deadline to release the Q2. So I'm guessing that Tuesday after hours they will release it and there should be a press release Weds morning waiting for us when the market opens. I'm hoping that the market isn't expecting something huge for this report. There has been a lot of pumping lately without any solid numbers. I really want our rally to continue and see us get back to a more realistic value. Lets all hope for the best but expect the worst. The OTC market is pretty fickle.
Not to dampen every bodies spirit. But the Q2 will be out soon. We already know revenue has increased. But we don't know at what cost. Anybody want to venture a guess on the impact of the report? Will it squash our rally or will the market over look it? I suspect there will be some significant losses showing. Growth costs money. Hopefully there will be a nice PR that highlights the revenue and looks the other way on the debt.
A close over .025 would be nice. Good action today. I think we will be fighting that .05 barrier very soon. Hopefully we can keep this momentum going before Q2 is released. Might cushion the shock.
If the company can pull of what it says it plans on doing, then yes, it could run. They need to be a real, profitable company for that to happen. Cash flow positive would do it. Major news of contracts with big players would do it. FDA approval of their tinnitus treatment might do it. But how big will the run be? Realistically, maybe a run to 50 cents in the near future if all the planets align and they start showing more profits then losses. By year end maybe 25 cents, 30 cents? I don't get my hopes up to much on penny stocks anymore. This one has potential if they stay on course. And I agree with another poster, you can't chart OTC stocks. Or any stock anymore really. All it takes is one bad word from somebody in the company or a lawsuit and some bad press and your charts get blown out of the water. High frequency trading and algorithms killed charts long ago. Personally, I use chicken bones and warthog hair for my predictions now, that works as good as anything else. Or, toss a coin.
Thanks! I've been a lurker here for a while and thought I should just go ahead and sign up. Lots of good info here, good bunch of folks sharing ideas.
They usually file late. Last year they reported Aug 22. Supposedly they have a new accounting company helping them so they can file on time. If that's true then we should see something this week.