The financial statements of an acquired business (Item 9.01) must be filed no later than 71 calendar days after the date that the initial report on Form 8-K must be filed (four business days plus 71 calendar days). What are the penalties for non-compliance with these requirements? The penalties for non-compliance can be severe, and include the company’s loss of the right to use Form S-3 for both primary and secondary offerings (however, failure to file within the required time period with respect to events subject to Items 1.01, 1.02, 2.03-2.06, 4.02(a), or 5.20(e) will not affect an issuer’s right to use Form S-3). No failure to file under the following Items shall be deemed a violation of Section 10 of the Exchange Act and Rule 10b-5: 1.01, 1.02, 2.03-2.06, 4.02(a), 5.02(e), or 6.03. In addition, SEC guidance makes clear that the failure to properly file a Form 8-K may be considered prima facie evidence of a lack of sufficient disclosure controls under the Sarbanes-Oxley Act of 2002 (“SarbanesOxley”). http://media.mofo.com/files/Uploads/Images/FAQ-Form-8-K.pdf TALK failed to file the audited UMS financials in the 71 day extension window. There is no SEC approved reverse merger.