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Saturday, May 16, 2015 3:41:50 AM
The 10K getting filed will be good, no doubt, but if it is not ready by 5/15, then an absent 10K combined with yet another NT filing saying that the Q1'15 10Q will be late will be a double black eye for SCRC. If this occurs, then it is likely that the 10Q is being held back until the 10K comes out, and that BOTH the 10K and 10Q will end up coming out at the same time.
As expected, seeing that the 5/15/15 filing deadline for the Q1'15 10Q has come and gone, it is clear that the unavailability of the 10K has now pushed back the Q1'15 10Q as well, and we should see another NT filing on Monday requesting an extension on the 10Q. If SCRC is smart, when the 10K is ready, they should release the 10Q as well at the same time...
...SCRC already PR'd Main Ave's approved orders for Q1'15 as well as the consolidated estimated topline revenues for Q1'15, along with stating that Q1'15 net income will be around $400k -- and so there should be no surprises in either the 10Q (when it comes out) or in the highlights disclosed in the upcoming NT filing w/regards to Q1'15 financial performance. IMO, what will be most interesting to see in the NT are the supplemental MD&A-type disclosures...
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