As far as I know a company is required to file a NT 10-K or Q if they will be late on their filing. To my knowledge, Dr. Musick has never missed filing the NTs - for years. Why now? They are quick and easy, see above for examples - and they require a reason for why the filing will be late.
In my opinion, if they were going to suspend SEC filings that would have been the reason stated in the NT 10-Q. To do otherwise is inconsistent with how Dr. Musick has operated over all the years.
Something going on behind the scenes. If something serious was amiss, I would not want to compound my exposure to the SEC by not filing the NT. Rather give a truthful but innocuous reason and lawyer up. If there was something amiss that the passage of time would take care of - one could consider the risk/reward and file the third quarter.
Acquisition/merger made the most sense to me, but the length of time now with no information causes me to question this. If an acquisition/merger was imminent I could see waiting a short period of time - but the 3Q has already ended. Furthermore, if they were or are the NT could have stated that financial statements were still being finalized.
Has anyone spoken to Dr. Musick about this and how business is going?
