He's not a basher you moron...he's just concerned. Try helping him out rather than insulting him. We have all been new at this game at one time or another. Iran...basically ETEK will be able to file late with a slap on the wrist.
In the case of a company with securities quoted in an over the counter market, like the OTC Bulletin Board, there are no listing requirements. However broker-dealers participating in the OTC Bulletin Board markets are members, and governed by the rules, of the Financial Industry Regulatory Authority (FINRA). FINRA Rule 6530(e) prohibits members from quoting the securities of a company that has failed to timely file a required report three times in any 2-year period, or that has had its securities removed from the OTC Bulletin Board quotation service twice in a 2-year period for failing to file a required report within 30 days of the filing deadline. Once a company’s securities are prohibited from being quoted on the OTC Bulletin Board the company must timely file all required reports for a period of one year before it can regain eligibility.
As far as I can tell, this will be this company's first offense to file late. However, I have faith we will eventually see the 10-K and as long as other news comes out, we will continue to climb...but if we don't see news or a 10-K by opening tomorrow morning, you can expect worried traders (or weak hands as some call them) to start selling off creating a pretty red open.
