big o, this was just something I dreamed up, it could be the results of an overactive imagination. It should not be very long before we get to find out what really happened last quarter.
In fact they could announce 4Q just before the market opens on Monday. The reason I say this is that, even though they didn't file the 10K yet, neither did they file the form for the automatic 2 week extension. I believe that extension form, to be valid, needs to be filed prior to the due date of the 10K. Contrary to the way the IRS works, I believe the SEC does not have a "weekend due date" rule.
The fact that the stock rallied into the close yesterday would be consistent with the above thought, if the fact that they were filing the 10K on Monday morning got leaked.
In any event, even if they file on Monday morning, it is just not good "corporate citizenship" to be disrespecting the SEC reporting rules this way. They knew about this deadline long ago and if there was something that was going to be found to be contentious by their auditors they either knew that or should have known that, and should have dealt with that sometime before the last minute. I wonder whether its time FTE started looking for a new CFO?
