Life Clips Inc (fka LCLP)

[Dolly Llama]

The extension was only a five-day extension. Extensions for 10-Q's are only for five days. The NT 10-Q form is a little confusing because it lists the extensions for several different forms, some of which are for fifteen days, and some of which are only for five days. 10-Q quarterly report extensions are only for five days. So we went delinquent after Feb 20th.

The original prescribed due date was Feb 15th. Here's the operative quote from the NT 10-Q that was filed on Feb 14th:

"The subject annual report, semi-annual report, transition report on Form 10-K, Form 20-F, Form 11-K, Form N-SAR or Form N-CSR, or portion thereof, will be filed on or before the fifteenth calendar day following the prescribed due date; or the subject quarterly report or transition report on Form 10-Q or subject distribution report on Form 10-D,or portion thereof, will be filed on or before the fifth calendar day following the prescribed due date;"

As I said earlier, I consider it a good sign that the company filed for an extension, rather than just letting the stock go delinquent. To me that indicates an intention on their part to try to stay current. But obviously it isn't a good sign that they failed to meet the extended due date of Feb 20th. This happened before last November as well. They went delinquent for nine days, but ultimately filed, and current status was restored.

Here is the NT 10-Q that was filed on Feb 14th requesting the extension.