I am more irritated that they had to file an extension on the 10K. That is really a bad habit and is indicative of poor planning. Not exactly instilling confidence in company operations. Naval - perhaps you can ask management why they do not seem to think financial reporting is important enough to make it a priority in the planning process. It took almost a year for an independent accounting firm to update and bring current all of the filings. Both filings since that time required extensions. I understand there are a lot of things that a company cannot control. But they can control this. They need to fix it.
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