Life Clips Inc (fka LCLP)

[Dolly Llama]

It's an "uh oh" if he missed the deadline for filing for an extension. But the deadline for filing 10-K (annual reports) is different than for the 10-Q quarterly reports. Gruder just filed an NT 10-K, indicating that his 10-K will be late. But the deadline for filing 10-K's is 60 to 90 days after the end of the reporting period, depending on the category of the company. 60 days would have been August 30th. 90 days would have been today. So if, as it appears, Life Clips is in the 90-day category and was thus required to file its annual report by today, then this extension just filed today was timely, and grants us another 15 days. In which case, we're late, but not in violation, and we can expect the annual report within 15 days. This would also explain why OTC Markets continues to list LCLP's SEC reporting status as "Current".